Toolbox for the Trades Episode 97: A Leap of Faith: From Finance Pro to Plumbing CEO
Aug 9, 2022
Rick Vazza, owner of John Padilla Plumbing Inc. in San Diego, made an unexpected leap from finance to plumbing in 2021. He shares insights on why he left a stable finance career to purchase a plumbing business, highlighting the challenges and benefits of that transition. Rick discusses the importance of fostering a positive team culture and effective communication in a new ownership role. He also emphasizes the value of keeping accounting in-house for small businesses, making a compelling case for innovation and growth in the trades.
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Golden Handcuffs
- Rick Vazza left a promising finance career after a promotion at 28.
- He realized he wasn't passionate and saw "golden handcuffs" forming.
Silver Tsunami Creates Opportunities
- The "silver tsunami" of retiring Baby Boomers creates succession opportunities.
- Many business owners lack succession plans, creating an opening for motivated individuals.
Unique Perspective
- Jackie, the podcast host, points out Rick's unique perspective.
- She emphasizes the lack of finance professionals becoming service business owners on the show.