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'You Have to Get Knocked Around a Little:' How This Entrepreneur Discovered the Value of Humility. Kent Clothier joins The Jeff Fenster Show to share how he overcame financial ruin by swallowing his pride.

By Jeff Fenster

Key Takeaways

  • Pride and lack of appreciation for what we don't know can lead to downfall.
  • Litigation is rarely the best route to resolve business challenges.
  • Embrace the value of getting "knocked around" to achieve success.
  • Turning hustle into a business requires developing systems and processes.
  • Focus on opportunities, be resourceful, and never use the word "can't."

Opinions expressed by Entrepreneur contributors are their own.

In a candid interview on the Jeff Fenster Show, entrepreneur and real estate investor Kent Clothier shares his remarkable journey from making millions to facing financial ruin within two years.

His story is a powerful reminder of the importance of humility, resilience, and the willingness to learn from our mistakes.

Humility trumps pride

Clothier attributes his downfall to his pride and a lack of appreciation for what he didn't know. He admits that he was too foolish to admit defeat and pursued litigation instead — a path that rarely leads to favorable outcomes. Reflecting on his experience, Kent says getting "knocked around" is necessary to achieve success.

One of the critical lessons Kent learned from his ordeal was the significance of humility, acknowledging that success often requires being humbled and learning from our failures.

The power of 'reverse wholesaling'

Despite the setbacks, Clothier managed to rebuild his business from scratch using a concept called reverse wholesaling. He emphasizes the need to turn hustle into a well-structured business by developing systems and processes. This approach allows entrepreneurs to scale their operations and achieve sustainable success.

In the interview, Clothier shares valuable insights that can inspire and guide aspiring entrepreneurs. Here are a few quotes that encapsulate his wisdom:

  1. "You have to get knocked around a little bit to appreciate what it takes to be successful."
  2. "The word 'can't' is not in my vocabulary. I'm resourceful, and I'll find a way to make it happen."
  3. "Litigation is rarely the route to go. It's not about winning or losing — it's about finding a solution."

Valuing values

Clothier also highlights the importance of core values in personal and professional life. His family's core values revolve around four fundamental questions: why they do what they do, what they stand for, what they believe in passionately, and what they would be willing to die for. These values serve as a guiding compass for their actions and decisions.

Clothier's journey from financial ruin to rebuilding his business is a powerful reminder of the importance of humility, resilience, and the willingness to learn from our mistakes. His story teaches us that success often requires getting knocked down and being resourceful in facing adversity. By embracing humility, developing systems, and focusing on opportunities, entrepreneurs can overcome challenges and achieve their goals.

About The Jeff Fenster Show

Serial entrepreneur Jeff Fenster embarks on an extraordinary journey every week, delving into the stories of exceptional individuals who have defied the norms and blazed their own trails to achieve extraordinary success.

Subscribe to The Jeff Fenster Show: Entrepreneur | Apple | Spotify | Google | Stitcher

Jeff Fenster

Founder, Everbowl

Jeff Fenster is an award winning entrepreneur, best selling author, podcast host and expert in relationship capital.

His entrepreneurial success is vast - ranging from a quick serve restaurant chain, payroll and HR company, digital marketing agency and a construction company. But no matter what venture Jeff pursues, he lives by the principle of putting people first.

He was named a Empact100 Showcase Top 100 Entrepreneur in 2013, 2019's Top 40 Executive Under 40 by the San Diego Business Journal, and a Top Entrepreneur to Watch for 2020 by Thrive Global.

Jeff’s acclaimed podcast, The Jeff Fenster Show, features successful entrepreneurs, celebrities and athletes sharing their insights and stories of success. Today, Jeff speaks around the country on entrepreneurial mindset, authentic networking and vertical integration.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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