How a Cash Flow Crisis Reshaped Rick Magill's Construction Business | Construction MF'ers EP98 Artwork

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How a Cash Flow Crisis Reshaped Rick Magill's Construction Business | Construction MF'ers EP98

March 27, 2025 • Mobilization Funding • Episode 98

What do you do when a single project threatens to sink your contractor business?

Rick McGill, founder and president of Rick’s 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:

🔹 𝗦𝗽𝗼𝘁𝘁𝗶𝗻𝗴 𝗧𝗿𝗼𝘂𝗯𝗹𝗲 𝗘𝗮𝗿𝗹𝘆 – Why signs like staff turnover and delayed payments are red flags you can't afford to ignore.

🔹 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗿𝗼𝗯𝗹𝗲𝗺-𝗦𝗼𝗹𝘃𝗶𝗻𝗴 – How Rick analyzed his cash flow, consulted legal counsel, and negotiated directly with the developer to salvage the project.

🔹 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗟𝗮𝗻𝗴𝘂𝗮𝗴𝗲 𝗧𝗵𝗮𝘁 𝗣𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝗬𝗼𝘂 – The single contract clause that now ensures Rick gets paid on time—or walks away.

🔹 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗶𝗻𝗴 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 – How cutting unnecessary costs and sharpening financial controls made Rick’s business leaner and more profitable.

🔹 𝗦𝗺𝗮𝗿𝘁 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 – 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 you’ve 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.

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https://www.linkedin.com/in/rick-magill-61b7b75b/

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