That time when you lost half a million dollars despite a 10-year fight… (with Matt Stafford)

There’s something quite profound about doing honest work for 23 years and losing it to an uncontrollable housing bust. Today, we are pleased to speak with Matthew (Matt) Stafford, CEO of Build Grow Scale, who is tasked to share his client's horror story for our 59th episode.

Straight out of college, Matt established a brick-and-mortar commercial concrete business which exponentially grew over the years. They’ve managed to build many Lowe’s, Costcos, and other buildings for big-name companies all over the country, traveling 200 days per year to complete every order and work on every demand for their capabilities.

Between 2007 and 2010, America was faced with a multinational financial mortgage crisis, which led to a severe economic recession, with millions losing their jobs and many businesses going bankrupt. Sadly, in 2009, what once was a bustling business turned into a blazing horror show for Matt. Large contractors came into big developments, and Matt and his company were never paid for their work. To top it all off, they got sued by their subcontractor who did their curb work.

Things immediately started to pile up, and despite a long 10-year battle of settling all of their accounts, Matt ended up losing half a million dollars as well as his love for the job. Horror upon horror, this story is going to teach you a lot of lessons, so tune in and get ready for an episode full of knowledge and guidance.

 

Morgan Friedman

Matthew's Company Website

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