53 - Bankruptcy? How a General Contractor Refused to Quit, Fought Through Hard Times, and Triumphed Over Failure

Tony Moayed is the CEO of Tricorp Group in Sacramento, California. From 2004 to 2007, Tricorp Group experienced significant growth and was named the fastest growing company by the Sacramento Business Journal List. In May of 2014, Tricorp Group had $198 million worth of construction under contract. That same year, the company was threatened with the possibility of bankruptcy, but Tony was determined to finish their projects and make everything right. Join me as we discuss how Tony fought for the company to climb out of bankruptcy, what he personally experienced, and what he learned from this experience. Highlights What Tricorp did right from the beginning What Tricorp's problems were and how they started How Tony turned the company around What Tony personally experienced during this time Tony's advice on what is necessary to fight through hard times What lessons Tony learned through this experience How he improved the new company from lessons learned Tony's advice for successful expansion Tony's favorite restaurant: Sutter Street Steakhouse Next Steps In order to minimize your mistakes and reduce the likelihood of failure, construction companies have to consistently build projects that fit their "sweet spot". That requires you understanding what your "right job, right client, and right location" is. Here's a tool that can help you to clearly define your sweet spot: www.ericanderton.com/sweetspot  Click on the link and download the tool, meet with your team, and work your way through it. If you do it right, you'll have clear idea of which projects you should take on, and which you should avoid.  If you need help using the tool, click this link and reach out to me on my website.