CONFESSIONS OF BUSINESS LAZARUS #27:Entrepreneurial Graveyard of Specialty Personnel Services Inc.

๐ Backstory: Humble Beginnings in a New Land
Specialty Personnel Services (SPS) was my very first company in the United States.
After a series of setbacks and failed job hunts in New York, I found myself in Omaha, Nebraska, through the kindhearted invitation of the Braimah brothers โ men whose generosity changed my life.
At that time, I had no money, no job, and nowhere to go, just six weeks after arriving in America. But that invitation marked the turning point.
The story of how God turned my situation around โ from near hopelessness in New York to prosperity in Nebraska โ is told in my first book, Return of the Prodigal. Itโs a living proof that diamonds are often hidden in muddy grounds.
๐ผ The Birth of a Dream โ Specialty Personnel Services Inc.
My first American venture, Specialty Personnel Services (SPS), was a staffing agency focused on medical professionals โ nursing assistants, medical assistants, and registered nurses.
We recruited and leased them to hospitals and nursing homes, filling critical labor gaps.
SPS became my first major American success story.
- ๐ฐ Year 1: $640,000 in revenue
- ๐ต Year 2: Over $1.4 million
- ๐ Year 3: A staggering $3.6 million, with profit margins exceeding 40%
At our peak, we operated six offices across Nebraska, Kansas, Iowa, and Missouri, employing over 400 healthcare professionals.
It was the kind of growth every entrepreneur dreams about โ rapid, exciting, and overwhelming.
โ ๏ธ The Downfall โ Lessons Written in Pain
But by the fifth year, everything came crashing down.
My hunger for expansion outpaced my wisdom for sustainability.
In chasing growth, I ignored structure, over-leveraged the business, and made poor financial calls. One mistake led to another until I had no choice but to file for bankruptcy in 2003.
The same company that once symbolized success had now become a painful reminder of how not to build.
๐ญ Echoes From My Entrepreneurial Graveyard
SPS may have died, but its lessons live on.
That business taught me that:
- ๐ง Growth without structure leads to collapse.
- ๐ก Financial discipline is more important than financial ambition.
- โ๏ธ Expansion should always follow stability.
- ๐ Divine timing matters โ not every opportunity is meant to be seized at once.
๐ From Failure to Foundation
Though I lost the company, I gained wisdom that has since guided every business Iโve built.
SPS became the foundation of my entrepreneurial maturity โ my graveyard of mistakes, but also the soil where wisdom grew.
In every failure lies a seed of rebirth, and mine began in Omaha, Nebraska.