Per Diem Podcast
Jump in the front seat as the host Keaton Turner takes you on a daily ride through his life as if you were sitting right there in the action with him. The Per Diem Podcast is a daily dialogue of the good, the bad, and the ugly of building a business.
Navigating an Industry Slowdown: Equipment Rates Softening, Backlog Pressure, and Personal Finances
In this episode, Keaton Turner shares his thoughts on Texas, North Carolina, and conspiracy theories. He discusses disaster politicization, personal weather experiences, and industry trends like market softening and equipment pricing. Reflecting on the 2008 crisis, Keaton addresses economic uncertainty and explores backlog management, profit versus revenue, and equipment renting versus buying. The discussion covers financial health, strategic decisions, and AI adoption. Keaton expresses optimism about America's infrastructure and Texas's uniqueness, touching on expense management, niche markets, and mining. He concludes with a call for industry insights.
Key Points
- Economic uncertainty requires businesses to be strategic with their finances, focusing on controlling costs and making prudent decisions about equipment and resources.
- Understanding the stability and reliability of your company's backlog is crucial, as it directly impacts your ability to weather economic downturns and maintain profitability.
- Despite short-term challenges, betting on America's long-term economic resilience and infrastructure projects can provide a solid foundation for future growth and stability.
Chapters
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| 39:10 | |
| 40:37 |
Transcript
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