Value Added: Marine bankruptcy was business bootcamp; now runs profitable Alexandria moving firm

Nick Baucom was 23 and flat on his back in 2007 after his nascent home fixer-upper business in Memphis, Tenn., went bankrupt. "I made a mistake and had bitten off too much," said the former-Marine and Iraq War infantryman. "I mismanaged cash flow. I had a Home Depot credit card bill for $2,000. I owed one person $3,000 on a job I never completed. I also had $200,000 in loans and monthly payments on three homes. More money was going out than coming in."