CNBC has published a new interview with former WWE CEO andĀ the head of PresidentĀ Donald Trumpās Small Business Administration, Linda McMahon, and during the interview, McMahon spoke about her early start in growing a business.
āMy experience as a CEO started with my experience of building a business, sharing a desk with my husband, and we grew it just from the ground up,āĀ
Linda also revealed her and her husband, Vince McMahon, had to file for bankruptcy early in their careers.
āThe bankruptcy came as a result of our taking some few dollars that we had saved early on and investing in a couple of businesses that we didnāt know anything about,ā she says, explaining that she and Vince dabbled in the construction business instead of āsticking to what we knew [and]growing that company.
We didnāt really know the safeguards to really look for. We were relying on someone else whose opinion we respected at the time for those kinds of investments, and they just didnāt work. We partnered with some folks who werenāt quite the business partners we expected them to be.
Our home was auctioned off. My car was repossessed in the driveway. I was pregnant with our second child at that time.