Bet on Yourself: Building a Business Without a Safety Net - Steven Wallace

What happens when you leave the security of a large firm and decide to bet on yourself?In this episode of Simply Business, John Jennings sits down with Steve Wallace, Managing Attorney and Founder of Wallace Law, a multi-state law firm serving clients across Florida, Texas, and New York. With more than 26 years of experience in bankruptcy, real estate, distressed assets, and business law, Steve brings both a legal perspective and the firsthand experience of a longtime small business owner.Steve shares why he chose entrepreneurship over the traditional big-firm path, what it means to operate without a safety net, and why adaptability is essential to building a sustainable business. He and John also explore financial discipline, scaling responsibly, the challenges facing small businesses today, and the importance of knowing when to say no to the wrong client.At the center of the conversation is one simple idea: believe in yourself enough to bet on yourself.Steve also shares why he sees himself as a problem solver and deal-maker—not a deal breaker—and why serving the client's real goal matters more than simply generating billable hours.If you're building a business, considering making the leap into entrepreneurship, or navigating uncertainty in your company, this conversation offers practical perspective from someone who has spent decades doing exactly that.Listen to the full episode, subscribe to Simply Business, and share it with another business owner who needs the reminder that sometimes the best investment you can make is in yourself.