Building Your Business from the Ground Up with Tom Hatten

Ken McElroy Show

Ken McElroy

Business, Investing, Education, Business News, News

4.8 • 692 Ratings

🗓️ 5 June 2019

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Ken McElroy as he interviews Tom Hatten, owner of Mountainside Fitness as he reflects on founding and growing a fitness empire.Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So what did you learn from, you know, losing everything, almost losing everything?
0:05.9	Yeah, I think, you know, I actually ended up at one point filing four bankruptcies.
0:09.2	They were all LLC chapter 11s.
0:11.0	I finished it all off right before my birthday in 2000, I think 12, filing my own chapter 11 because at that point, I had just under $100 million in personal guarantees
0:21.3	on real estate. So just say that out loud, right? So that had to happen. So that kind of just put
0:28.0	everything at the baseline of, you know, what was going wrong in the economy was truly affecting,
0:34.8	you know, certainly me. And I was trying not to let it affect the business
0:38.9	because it was just a real estate issue.
0:41.2	That was tough.
0:42.2	And a lot of lessons learned at that time.
0:44.7	Welcome to the Real Estate Strategies Podcast.
0:47.6	I'm Ken McRoy, and I'm here to give you creative ideas
0:50.3	on how you can get started or continue your journey in real estate.
0:55.7	Each week, we will bring you inspiring and informative conversations with successful people and their path to obtaining
1:01.2	or investing in real estate. Enjoy the episode.
1:08.4	Hey, everybody's Ken McRoy here again. I'm with my good buddy Tom Hatton.
1:12.1	Hey, Tom.
1:12.8	How you doing, Ken?
1:13.6	So Tom and I have known each other a long time.
1:16.0	We're in YPO together.
1:17.7	We were in EO together.
1:19.2	We've got lots of mutual friends together.
	...

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