Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast #09 - Rick Vazza - Acquiring A Plumbing Biz With 0 Experience
Jun 9, 2021
Rick Vazza, the owner of John Padilla Plumbing, shares his extraordinary journey from finance to plumbing, acquiring a $2 million business without prior experience. He reveals the mentorship he received, the acquisition strategies he employed, and how he transformed into a confident leader. Rick discusses the dynamics of younger business owners in the trades, highlighting the importance of customer engagement and company culture. He also touches on effective marketing strategies and the balance between online reviews and PPC advertising to scale his plumbing business.
AI Snips
Chapters
Transcript
Episode notes
Rick's Background
- Rick Vazza's background is in finance, working with high-net-worth clients at Fidelity and SunTrust.
- He transitioned to business ownership after realizing many successful clients were former entrepreneurs.
Path to Wealth
- Many high-net-worth individuals achieve wealth through business ownership or real estate, not solely corporate careers.
- This realization inspired Rick to pursue entrepreneurship and acquisitions.
Acquisition Opportunity
- Rick acquired a plumbing business after a private equity deal fell through.
- The previous deal's due diligence facilitated a quick close for Rick.