Building a Business from the Ground Up with Bill McGrath
In this episode of The Entrepreneur’s Journey, host Michael Pallozzi sits down with Bill McGrath, owner of South Jersey Elevator, to discuss his journey from working in the trades to launching and scaling his own successful elevator company. Bill shares his early influences, the pivotal moment that led him to take the leap into entrepreneurship, and the challenges he faced along the way. He also talks about the lessons he learned from his father, the importance of resilience, and the future of his company, including his son’s growing role in the business.
Tune into this episode to also learn:
- How Bill transitioned from being an electrician to running a thriving elevator business.
- The sacrifices and risks involved in starting a company from scratch.
- The role of family support in overcoming business challenges.
- How South Jersey Elevator is positioning itself for future growth and sustainability.
What we discussed
- [00:02:06] Bill’s early exposure to the trades and how his father pushed him to specialize.
- [00:05:04] The journey of becoming an electrician and the additional certifications Bill pursued.
- [00:07:30] How an unexpected job offer led Bill into the elevator industry.
- [00:10:19] The corporate decision that pushed Bill toward entrepreneurship.
- [00:12:19] The founding of South Jersey Elevator and its early challenges.
- [00:15:40] Bill’s first major client and the importance of relationship-building.
- [00:19:45] How a local business owner’s support reinforced Bill’s vision for growth.
- [00:21:01] The expansion of South Jersey Elevator and the introduction of residential services.
- [00:24:25] The impact of COVID-19 on business and how customer expectations have shifted.
- [00:26:21] Bill’s vision for the future, including workforce development and industry leadership.
3 Things To Remember
- Entrepreneurship requires sacrifice, but resilience and support from loved ones make a huge difference.
- Strong relationships and honesty in business can lead to unexpected opportunities and long-term success.
- Growth is about quality, not just size—focus on being the best in your industry rather than the biggest.
Memorable moments:
(00:07:18) “My dad always taught me that paper walks. If you have the credentials and the paperwork, people are going to pay you.”
(00:14:05) “Failure is not in our vocabulary. When you become an entrepreneur, failure is not an option.”
(00:27:26) “We don’t have to be the biggest guy on the block, but I want people to know we’re the Cadillac of our industry.”
Useful Links
Connect with Bill McGrath: LinkedIn
South Jersey Elevator: https://sjelevator.com/
Connect with Michael Pallozzi: LinkedIn
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