When it comes to family businesses, there are a lot of different dynamics at play. And when things go wrong, it can be tough to cope with the fallout. Bankruptcy can be a very difficult and stressful time for everyone involved. The impact on mental health is often devastating and can feel like a personal failure. In today&#39;s edition of the Knucklehead Podcast, our guest, Billy Self, talks about the trauma his parents went through when their family business went bankrupt. He also shares the story of his journey to taking over the family business, how he became a serial entrepreneur, and what the most significant turning point in his life and business was. Despite the many failures in his business, Billy realized how faith can make a huge difference in someone else&#39;s life and why mentorship is so valuable.Billy Self is the President of Warehouse-Pro, a project and contractual provider of warehousing, distribution, merchandising, freight management, and specialized logistics services for retail, technology, and various other industry verticals. Its mission is more than shipping and warehousing – it&#39;s about giving your business the space it needs to grow and expand into new markets. Enjoy!In This Episode03:22 - Backstory of Billy Self05:39 - How Billy&#39;s family business recovered from bankruptcy09:12 - The trauma Billy&#39;s parents experienced when their family business failed10:33 - How Billy&#39;s father got involved in politics13:42 - Billy&#39;s journey to taking over his family&#39;s business19:05 - What motivated Billy to run the family business despite many challenges25:42 - How Billy discovered that he&#39;s more of a salesman than an operator28:34 - How Billy became a serial entrepreneur35:48 - How Billy overcame his self-doubt45:10 - One of Billy&#39;s most significant turning points in life and business57:23 - Billy&#39;s thoughts on how things turned out during his most challenging times1:04:23 - Billy&#39;s advice to his younger selfFavorite Quotes19:05 - &quot;I didn&#39;t have any other options at that time. But once I got into it and my frustration was at its highest, I didn&#39;t know what to do. I was crying many times about how to make payroll. My grandfather pulled me aside and said, &#39;you don&#39;t know what it&#39;s like to run a small business until you&#39;re crying on a Thursday night because you don&#39;t know how you make payroll the next day. And I experienced that quite a few times.&quot; - Billy Self31:38 - &quot;The trauma of bankruptcy for my dad in the early eighties always stuck with him. He never tells me what to do. He would go, &quot;son, my experience is this debt is scary. Keep yourself out of court and keep yourself out of dangerous debt.&quot; - Billy Self53:50 - &quot;I was a functioning alcoholic. And so all the stressors, all the self-doubt of my whole adult career and the company was a lot of drinking - drinking at the office, drinking after the office, drinking at home, drinking agai

The Challenges of Running the Family Business with Billy Self

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