Turning Around 35 Bankrupt Businesses, Lessons in Entrepreneurship & Life and more with Ward Schraeder

Published: July 28, 2022, 7 a.m.

b"A natural handyman, Ward built and fixed things all his life, starting in his youth when he helped his high school football coach construct a modest home, and his father rebuild his grandfather\\u2019s ranch house. The family moved often as Ward moved up the corporate ladder, building a new house each time while living on the first floor as work progressed upstairs. Out of economic necessity, he \\u201cemployed\\u201d his four children and taught them construction and the value of hard work along the way. Ward enjoyed the process so much that he continued remodeling homes with his children as his crew, teaching them everything from using tools to installing sheetrock.\\n\\xa0\\nWard\\u2019s philosophy of \\u201cfinding something broken, fixing it, and turning it into a success,\\u201d has translated to the acquisition of myriad businesses, many in states of failure at the time of his acquisition. His first experience came through a friend of his father-in-law\\u2019s seeking a manager for a supply distribution company that turned out to be on the verge of bankruptcy. With hard work and the utilization of resources born of necessity, the business survived and eventually thrived.\\n\\xa0\\n\\xa0\\n[00:01 \\u2013 11:02] Opening Segment\\nWard talks about his TV Show, Bargain Mansions\\nA Variety of Business Fields Travelled\\nHow Ward learned how to turn businesses around\\n\\xa0\\n[11:03 \\u2013 15:58] Lessons in Entrepreneurship & Life and more \\nTwo Perspectives that Has Contributed to Ward\\u2019s Success\\nHow Ward keeps his employees\\nPeople are happy when they are needed\\n\\xa0\\n[15:59 \\u2013 25:22] Turning Around 35 Bankrupt Businesses\\nKey Factors Considered in Saving Bankrupt Businesses\\nEvery business is the same\\nWhat Makes Businesses Unique\\nRetirement versus Non-Retirement\\n\\xa0\\n[25:23\\u2013 34:25] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you've ever made other than your education?\\nInvesting in himself\\n\\nWard\\u2019s worst investment\\nEducation, three businesses during his bankruptcy period\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\n\\u201cDo your research, do your work, do your math, do it 10 different ways.\\u201d\\n\\n\\xa0\\nConnect with \\xa0Ward Schraeder through https://wardschraeder.com, Facebook, and Instagram.\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201cEvery business is the same. Don't let anybody tell you that they've got a unique business. That's not really true.\\u201d - Ward Schraeder\\n\\u201cManage your books perfectly.\\u201d - Ward Schraeder\\n\\u201cYou learn by your mistakes. Okay. But, you also learn by your success.\\u201d - Ward Schraeder"