Service Shift

Owning a company built upon construction and real estate was great in the go-go years. But what happens when the earth stood still in those industries and companies collapsed?

For Rizzetta & Co., a lot of adaptation to the new world after a small dip in sales led it to new growth. More than survival, like other companies that made it through the recession, Rizzetta examined everything it did and changed into a different company.

“We had tremendous growth in the late '90s and the early 2000s. Everything was going well,” says William Rizzetta, founder and president. His Tampa-based company, started in 1986, provided management services for homeowners associations and community development districts. With strong population growth, new developments and ever more HOAs and CDDs, Rizzetta was growing and profitable.