What do you do when a single project threatens to sink your contractor business?
Rick McGill, founder and president of Rickโs Electrical, faced exactly that and he shares his stories in the new episode of The Construction MF'ers podcast. Six months into a multi-family project, payments stopped coming, communication broke down, and the job site turned toxic. Facing the possibility of a catastrophic loss, Rick made a calculated decision: to finish the project, secure payment, and protect his business and employees.
In this episode, Rick opens up about the brutal reality of construction cash flow and how he pulled his company back from the edge:
๐น ๐ฆ๐ฝ๐ผ๐๐๐ถ๐ป๐ด ๐ง๐ฟ๐ผ๐๐ฏ๐น๐ฒ ๐๐ฎ๐ฟ๐น๐ โ Why signs like staff turnover and delayed payments are red flags you can't afford to ignore.
๐น ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ถ๐ฐ ๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ-๐ฆ๐ผ๐น๐๐ถ๐ป๐ด โ How Rick analyzed his cash flow, consulted legal counsel, and negotiated directly with the developer to salvage the project.
๐น ๐๐ผ๐ป๐๐ฟ๐ฎ๐ฐ๐ ๐๐ฎ๐ป๐ด๐๐ฎ๐ด๐ฒ ๐ง๐ต๐ฎ๐ ๐ฃ๐ฟ๐ผ๐๐ฒ๐ฐ๐๐ ๐ฌ๐ผ๐ โ The single contract clause that now ensures Rick gets paid on timeโor walks away.
๐น ๐ฆ๐๐ฟ๐ฒ๐ฎ๐บ๐น๐ถ๐ป๐ถ๐ป๐ด ๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐ โ How cutting unnecessary costs and sharpening financial controls made Rickโs business leaner and more profitable.
๐น ๐ฆ๐บ๐ฎ๐ฟ๐ ๐๐๐ป๐ฑ๐ถ๐ป๐ด ๐ฆ๐๐ฟ๐ฎ๐๐ฒ๐ด๐ โ How partnering with Mobilization Funding gave Rick the cash flow flexibility to finish the job and come out stronger.
Rick rebuilt his business on smarter decisions and better contracts. If youโve ever faced delayed payments or a toxic job site, you need to hear this one.
Watch the full episode now and learn how Rick turned a near-disaster into a business-defining moment.
๐ Follow Rick on LinkedIn:
ย https://www.linkedin.com/in/rick-magill-61b7b75b/
๐ Follow Scott Peper on LinkedIn:
https://www.linkedin.com/in/scott-peper-9387288/
๐ Subscribe to Mobilization Funding YouTube Channel:ย https://www.youtube.com/channel/UCbmKi-OEJVbmQH_tIXdGwdw
Follow Us:
Mobilization Funding LinkedIn: https://www.linkedin.com/company/mobilization-funding/
Mobilization Funding Funding Insights Digest Newsletter: https://www.linkedin.com/newsletters/funding-insights-digest-7041831004998619136/
Visit Our Website:ย
https://www.mobilizationfunding.com
ย #contractor #cashflow #businessgrowth
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