Construction equipment industry financial guru Garry Bartecki is the Category-of-One expert you want to pay attention to in times like these – soaring inflation, rising interest rates, crazy fuel prices, a labor market in crisis, and a recessionary economic environment, not to mention Washington's alarming focus on adding a small army of armed IRS agents. Even if you're not feeling pain yet, warnings from 2008 echo from the grave: Everything is fine, until it isn't.
Here's the conversation that puts you and your balance sheet under the microscope as a way to proactively keep your equipment business in business. We're talking cash, bank covenants, budgets, tax issues, rentals, new lease accounting rules that will affect you this year, and lots more. Garry did his homework and brings all his timely notes, lists and cautions to help you plan right now. Don't kid yourself – doing nothing means you're doing the wrong thing.
Get some wise competitive, strategic survival advice ahead of the storm and batten down the hatches – or in non-sailor layman's terms, CYA!
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