Tyler from Business in the Borough interviews Pat Lordi about his entrepreneurial journey. Pat describes his initial experiences growing up in a hardware store and then taking over the business at a young age after his father's passing. He explains the struggles he faced and the decisions he made that helped him grow the business, including his shift from retail to wholesale. He talks about the importance of hard work, customer relations and understanding the industry. Pat also shares the story of how a soft pretzel at a trade show led him to land a major customer. Finally, he discusses selling his business with his family and the importance of adaptability in entrepreneurship.
00:11 Introduction and Background
00:25 The Start of an Entrepreneurial Journey
00:40 Taking Over the Family Business
01:24 Lessons from Father and the Decision to Become a Businessman
02:06 The Impact of Early Business Experiences
03:04 Transitioning from Retail to Wholesale
04:17 Breaking into the Property Management Industry
06:05 Scaling the Business and Overcoming Challenges
07:07 Reaching the Million Dollar Milestone
07:59 Strategies for Continued Growth
11:41 The Importance of Personal Relationships in Business
12:45 Leveraging Trade Shows for Business Growth
16:28 Advice for Aspiring Entrepreneurs
19:46 The Journey to Becoming a Self-Made Millionaire
20:04 Reflections and Future Plans
22:04 Conclusion and Preview of Next Episode
