Apr 18 2023 57 mins 64
Tony grew up in a regular all-American household and lived a pretty average childhood, but he never could’ve anticipated the life he now lives. He started his entrepreneurial journey as a child offering swim lessons in his area. Today, he runs a huge bankruptcy law firm with 4 branches across the US. Being an entrepreneur was never in the books. In fact, his father worked for GE for 45 years. “The only thing I knew growing up was my dad who went to work for 45 years at General Electric. And most of those 45 years were not good. I remember surviving layoffs and surviving friends getting laid off - that's what I knew.” While his story might seem like an average American tale, Tony reveals a significant personal adversity that he overcame in 2022. This episode is packed with entrepreneurial insights, advice on selecting a business partner, and tips for growing a small business. Tony runs Sottile & Barile with his business partner Franco Barile. They are champions of small and mid-sized investors. Adversities Tony Sottile had to overcome: Unfulfilment at a day job Building a law firm from the ground up Navigating challenges as a small business owner Personal adversity that came to a head in 2022 Abundance Tony Sottile created: Successful and growing law firm since 2015, with 4 branches now Expertise in bankruptcy and foreclosure work Strong professional relationships and partnerships Lessons from Tony Sottile’s adversities Prepare in advance for adversity (mentally and financially) Tune in as Tony Sottile and Jamie talk about: (00:00 ) Being a bankruptcy attorney (05:32 ) How swimming made him an entrepreneur (08:38 ) Why he had an entrepreneurial drive (11:27 ) His first job (in a bad economy) (12:52 ) Becoming an unexpected expert (16:28 ) Feeling lost and unappreciated at work (18:28 ) Peace of 9-5 vs. risk of a business (being scared) (21:48 ) Forming a business partnership (how it happened) (23:01 ) Choosing the perfect business partner (25:01 ) Organic growth of his business (28:52 ) Which is harder: job or business? (29:56 ) Should you quit your job? (33:30 ) The hardest thing he ever went through (38:10 ) Fireside questions (philanthropy, grandfather, being genuine) (41:23 ) Regulatory challenges = job security? (43:00 ) What no one agrees with him about (50:01 ) What money actually buys (52:02 ) Giving money away (54:17 ) Work with Tony Sottile Charities Tony mentioned Down Syndrome Association of Greater Cincinnati Ohio Valley Voices Connect with Tony Sottile: WEBSITE: https://www.sottileandbarile.com/ LINKEDIN: https://www.linkedin.com/in/dasottile/ Adversity to Abundance Podcast: WEBSITE: https://www.adversity2abundance.com/ Follow Labrador Lending WEBSITE: https://labradorlending.com/ LINKEDIN: https://www.linkedin.com/company/71512077/ FACEBOOK: https://www.facebook.com/labradorlending INSTAGRAM: https://www.instagram.com/labradorlendingllc/ YOUTUBE: https://www.youtube.com/channel/UChYrpCUlqFYLy4HngRrmU9Q Connect with Jamie LINKEDIN: https://www.linkedin.com/in/jamie-bateman-5359a811/ TWITTER: https://twitter.com/batemanjames INSTAGRAM: https://www.instagram.com/batemanjames11/
