Scaling Up Business Podcast

How Do You Rebuild After Everything Crashes Down?In this episode, Mike Chaput joins Bill to share the raw, unfiltered story of what it really takes to recover from business failure. From filing bankruptcy just six months after his son was born to eventually building a stable, resilient business, Mike opens up about the toll stress took on his health, the importance of strong relationships, and how every step forward came from embracing failure. Topics explored in this episode:(03:00) Mike’s Entrepreneurial Start*Banks and private equity lent him money at 24, but he didn’t understand what a profit/loss statement was.*With no experience, Mike is surprised how he survived during such an economically uncertain time. *After starting his second business, it still took Mike 8-9 years to have a stable business. (11:00) Life is a Fail Forward Thing*Mike filed for bankruptcy 6 months after his son was born and his wife had quit her job.*Mike didn’t have the skills to cope with that kind of stress and dev