Divorce and the break up of families can leave a lot of people in a difficult situation. On top of the emotional trauma it can bring to people, it often comes with financial problems for people on one end of the family. This was the case for Matthew Ferrarini and his mother after a divorce left them struggling to make ends meet. His business of luxury kitchen and bath design was started out of needing to help pay the bills.
“The business was started out of financial necessity. My mother and step father split-up, which left my mother and I in a tough financial situation. So we rolled up our sleeves and started our own business.” recounts Matthew.
To top this all off, Matthew started off his business in 2008 at the height of the recession. This was a huge obstacle for him to overcome when starting off his business. He and his mom began working out of the back of their car as handymen just to try and keep things going. Their hard work and perseverance has paid off.
“My mother and I started our business out of the trunk of our car. We actually started out as a handyman company. We worked relentlessly to get to where we are today. Now, I am a multi-award winning designer, TV personality and National Speaker. Named “a top designer with a great eye” by celebrity chef Gordon Ramsay, I am known for my seamless and sublimely crafted environments, with a rarefied attention to flow and energy.” states Matthew.
Matthew is incredibly young and has been extremely successful in the design business despite his rocky start. For those wishing to start their own business, Matthew shares his secret, which is to look at the market and find something that is missing and will create value for people that they do not already have. This can be hard to do in the market nowadays, but it is the best way to find success.
“Really it’s all about creating a business that offers a solution to a problem and significant value to people. The biggest challenge is coming up with the right offer. Most of the time people find they are good at something, so they think it’s a good idea to start business, but just because you are good at something doesn’t mean it will make for a good business. The ultimate win is when you can use your unique talent/resources/ability to solve a significant problem for a consumer at the right price-point.” advises Matthew.
Though Matthew has been an incredibly successful entrepreneur and designer, he would not have gotten far without his mom, who he credits with a lot of his inspiration to get involved in this business. Many of us learn and take on interests from our parents at a young age. Matthew is exactly the same. His mother’s background in the interior design industry helped him and inspired him when crafting his own business.
“My mother always had her hand in the interior design and decor world. I grew up around it.” explains Matthew.
Matthew is excited for the year to come. Though 2020 has put a stop on most things due the current pandemic, Matthew says that 2021 will be a big year for his company, and he is excited to do some more luxury kitchen renovations in the future.
“We have some amazing luxury kitchen renovations coming up and a big project coming soon I can’t reveal yet. 2021 is going to be a huge year for us!” exclaimed Matthew.