In this episode of the Launch Local Podcast, host Amber Artemis sits down with Walt Bevilacqua, an experienced electrical contractor and the owner of WB Electric. Walt shares his journey in the electrical field, starting from his high school days in tech school, through various employment experiences, to ultimately founding his own company in 2001. He talks about the importance of perpetual learning, building a reliable team, and navigating the challenges of running a business. Walt emphasizes 'word of mouth' as a crucial element for hiring and customer acquisition. He also discusses how he balanced work with personal life, utilized assets to fuel business growth, and his passion for music and community support. Walt offers insights on trust, respect in the workplace, and the significance of establishing an exit strategy in business.
00:00 Introduction to Launch Local Podcast
00:34 Meet Walt Bevilacqua: A Journey in Electrical Contracting
01:16 Early Career and Education
04:34 From Cell Towers to International Projects
13:51 Starting and Growing WB Electric
17:18 Balancing Work and Passion for Music
28:58 Building a Strong Team
30:55 Continuous Learning and Business Philosophy
33:03 Building and Renting Properties
34:16 Investing in Assets
35:05 Creative Ways to Build Equity
35:46 Rich Dad, Poor Dad Philosophy
40:19 Performing and Overcoming Fear
48:11 Finding Customers and Growing the Business
52:08 Challenges and Lessons Learned
01:02:36 Future Plans and Exit Strategy
01:05:20 Acknowledging Team Contributions
01:09:41 Final Thoughts and Farewell
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