Richard Stone is a seasoned property developer, Chartered Construction Manager, TEDx Speaker, and trusted industry figure with over 40 years of experience. Having completed £300 million worth of property projects, Richard is also a mentor, founder of a Project Management training company, and a sought-after public speaker with over 100 engagements in the last year.
In this episode, Richard shares the challenges he faced, including receiving a shocking death threat after the closure of a large construction business saddled with a £7 million debt. He delves into the tough decision to liquidate his successful Project Management company due to the sudden impact of Covid, resulting in the cancellation of millions of pounds worth of contracts within a week.
He also opens up about his struggles with mental health, addiction, and the dark moments when he came close to suicide after closing his business down. This promises to be a truly engaging and emotional rollercoaster of an episode, offering insights into the resilience and strength found in the face of adversity.
Join us as we navigate his extraordinary journey, exploring the highs, lows, and invaluable lessons that have shaped his impactful career and advocacy for mental well-being in the construction and business domains.
About Richard Stone
Richard is a distinguished property developer, Chartered Construction Manager, Non-Exec Director, Trustee, and TEDx Speaker, with a remarkable 40 years of experience in business, construction, and high-level executive leadership. Renowned in the construction industry, Richard has successfully completed over £300 million worth of property projects and orchestrated a staggering 3500+ refurbishments.
In addition to his impressive track record, Richard is the founder of a Project Management training company, where he imparts his extensive knowledge to aspiring professionals. Having founded and built numerous businesses in the construction and property space, including one that swiftly reached £4 million in revenue within its second year, Richard's entrepreneurial prowess is truly remarkable.
As a mentor, Richard collaborates with other business owners, offering valuable advice to maximize profits and regain precious time. His reputation for dispensing insightful, no-nonsense guidance has made him a sought-after figure in the business world.
But Richard's influence extends beyond the boardroom. He is also the host of his own podcast and has become a sought-after public speaker, undertaking over 100 speaking engagements in the last 12 months alone.
Key Topics
- Losing £4 million due to COVID
- Struggling with work-life balance
- His early work ethic and strong role models
- Hidden debts of £7 million
- The large scale impacts of shutting down a big construction company
- Negotiating with creditors vs bankruptcy
- Clients not paying resulting in company shutdown
- His lowest point: mental health struggles
- Embrace failure as an opportunity
- Approach every day as a learning opportunity
- The long-lasting emotional and physical effects of failure
- How multiple income streams are crucial
Connect with Richard
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