Real Business Conversations with Kinore
You Have To Learn From Your Mistakes
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Episode notes
A key part of the business mindset is being able to spot an opportunity. Sometimes that opportunity comes with risk, but it can have fantastic pay off in the long run.
Today we hear from a business owner whose fishing village upbringing inspired him to pursue a career at sea and led to the creation of his incredibly successful marine dredging business. We hear how he dove in head first, learning from mistakes and asking for help when needed, and how his hard work in the early days has created a better work life for him now.
Our guest saw the opportunity to simplify solutions for his customers and now has 40 men working with him. He is Managing Director and Founder of Foyle and Marine Dredging, Stephen McCormick.
THINGS WE SPOKE ABOUT
- Finding opportunity in your local community
- Learning from mistakes and seeking help from mentors
- The challenges of building a skilled workforce
- Early sacrifices that later lead to work-life balance and flexibility
- Managing cash-flow and sourcing funding to finance growth
GUEST DETAILS
Foyle and Marine Dredging Ltd is a family owned Company which prides itself in Quality, Commitment and Excellence.
Foyle & Marine Dredging specialise in undertaking all types of marine work projects throughout Ireland and British Isles. They have built up a solid track record of meeting both the project’s and client’s requirements by delivering both a broad range of challenging and alternative projects.
The Managing Director, Stephen McCormick is an experienced engineer and has a marine engineering and plant based background. He has been carrying out civil and marine projects around the Irish and UK coastlines for over 15 years to great success.
https://www.linkedin.com/in/stephen-mc-cormick-43975b132/?originalSubdomain=ie
https://marinedredging.co.uk/about/
MORE INFORMATION
Take control of your business with accounting & business services you can trust
We take away the worry and headache of running your own finance and related business services functions.
QUOTES
Nobody knows everything. You have to learn from your mistakes. - Stephen McCormick
As I always say, you're not a customer until you come back the second time. - Stephen McCormick
I never really wanted to go to the size we are, it was the customers who were pushing us on it. - Stephen McCormick
It wasn’t until we actually spent money, we actually made money. It wasn’t until we bought one of our new machines. We noticed the difference was one month. - Stephen McCormick
Put in the time, put in the effort. It is hard at the start but if you're confident and you can see it, go for it. - Stephen McCormick
KEYWORDS
#people #dredging #business #banks #marine #grow #company #accounting