In this episode, host Garrett Bake, founder of the American Contractor Network and the Build Pro system, interviews Chuck Staszkiewicz, former owner of All Hours Plumbing. Chuck shares his journey from starting his business in 2011 to exiting in 2023 for an eight-figure sum. He delves into the challenges he faced, including employee issues and a COVID-19 downturn, and how he turned his company around by focusing on understanding financials, building a strong team culture, and planning for an exit. Chuck's story underscores the importance of knowing your numbers and fostering a positive work environment. He also offers valuable advice for new business owners and those looking to exit their businesses successfully.
00:00 Introduction and Special Guest Announcement
01:23 Chuck's Journey: From Humble Beginnings to Business Owner
02:45 The Early Struggles and Breakthroughs
05:15 Building and Expanding the Business
09:10 Facing Challenges and Finding Success
15:25 The Turning Point: Mentorship and Growth
22:47 Reflecting on Business Ownership and Exit Strategy
24:00 The Importance of Systems and Processes
24:54 Planning for an Exit: When and How
27:05 Financial Management and Business Valuation
30:04 Building a Strong Company Culture
41:26 Advice for Aspiring Entrepreneurs
43:56 Final Thoughts and Contact Information
