For the first time in months, I feel like the Live Events industry is on the right track. There’s a long way to go, we aren’t all happy about it, but our course is starting to feel durable. I don’t have a crystal ball and there are some big factors outside our control, but here’s why I think we are going to be okay.

Small business has a problem. Most of the time it is too busy to solve basic problems. The rest of the time there is no money to pay for solutions. If one of the issues you need to address is a low profit, it is easy to see how the cycle of too busy and no money could go on forever.

Growth is not linear. Profit is not one for one. Life is uncertain. This is why small companies stagnate. As small businesses grow, owners continually encounter new challenges. Some are solved by getting the next sale: cash flow, paying the bills, payroll – things that represent survival. Other problems can only solved by taking on more risk: operational capacity, more employees, increasing profit – the things that represent progress.

Why you are not prepared for recovery and you what should do about itAll the signs are here. The pieces...

Preparation is over – It’s time to get back in the game This week (March 8, 2021) marks two coincidental...

Are sub-rentals really as bad as you think? Probably not. In fact, sub-renting equipment strategically should bring in more profit, not less. I was reminded of this not too long ago when I had a chance to catch up with an old friend. This veteran operations manager has been running operations longer than I’ve been in the business — and I’ve been doing this for 30 years. He’s quite good, to say the least. When we started talking about sub-rentals, his eyes lit up and he said, “I love sub-rentals!” So I asked him to elaborate.