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About Yourself….
Please tell the community a little about your business background, experience in this industry and other industries, and a little about your current rental business. And 1-2 of the hardest lessons you have learned since being in the rental game. Let me start. I started in the rental industry back in 2010 turning wrenches as a make-ready and repair tech. Fourteen years later, in 2024, I opened my own location after working my way up to CEO of the very same business I started with. By starting at the bottom and working my way through nearly every role, I got to see this business from every angle; the shop, the counter, the trucks, the office. At every step, I learned hard lessons, built systems, and figured out what actually works. Some of the toughest lessons I’ve learned so far: 1. The customer isn’t always right. Sometimes the smartest thing you can do is fire them. 2. Even if you know the path forward, guiding the team to find it themselves makes it their idea and they’ll own it. 3. It’s rarely the customer’s fault when equipment is damaged… except that it almost always is. 🤣
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👋 Welcome to Equipment Rental Mastery! Start Here.
You’ve just joined a community built by rental business owners, for rental business owners. Our mission is simple: when one of us wins, we all win.This is a mastermind-style community where we share real-world experience & the systems, processes, lessons, and hard-earned wins that actually help rental businesses grow. 🛑 What this community is NOT: - A place for theory or untested ideas - A spot for spam or self-promotion - A group where you’re left grinding alone ✅ What this community IS: - Business owners helping business owners succeed - Sharing tested systems, processes, and tips that actually work - A place to overcome challenges faster and accelerate your growth 🚀 Your First Step 👉 Introduce yourself in the comments below: - Your name & business name - Where you’re located - What kind of equipment you rent - Your biggest current challenge or goal This will help us all connect and start supporting each other right away. Welcome to Equipment Rental Mastery. Thanks for being here, now let’s build something great together. 💪
Sales Process?
Does anyone in here have a defined sales process/system they follow consistently? If you do, would you mind sharing the basic workflow? (ex. Sales call/conversation, quote creation/reservation, follow-up, reactivation etc)
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Market Pressure, Pricing, and the Fork in the Road
Had a good conversation this morning with another operator in the community. We’re both dealing with the same external reality: A large national rental company (recent IPO) has dropped two locations into our local market. Close proximity. Aggressive pricing. A lot of iron hitting the street. Some rentals are being lost. Local market dynamics are changing. No denying any of that. Where the conversation got interesting was how differently we view what comes next. One approach is to chase price i.e. lower rates to protect utilization, keep machines turning, and “stay competitive.” The other approach is to hold pricing, double down on differentiation, and make it painfully clear why someone should rent from us instead. That difference isn’t about optimism vs pessimism. It’s about how we define the threat. I do see the national chains affecting the market. I just don’t see them as an existential threat unless my only lever is price. If the only way I can win a rental is by being cheaper than a company with: - cheaper capital - national buying power - shareholder pressure to chase utilization …then I’ve already lost. I just haven’t admitted it yet. Their pockets are too deep for me to win that fight. To be clear: I’m not saying price never matters. It does. But racing to the bottom tends to solve one short-term problem by creating several long-term ones: - thinner margins - higher wear and abuse - worse customers - less cash to reinvest - more stress, not less - a slow and excruciating death by 1000 cuts (or 1000 less than profitable rentals) From my seat, the better question isn’t “How do I match their price?” It’s “What problem do I solve that they can’t or simply won’t?” Reliability. Speed. Local knowledge. Trust. Flexibility. Relationships. The stuff that doesn’t show up on a rate sheet but provides huge value to the right customers. This path is definitely not as easy as adjusting prices. There will need to be a lot of intentional actions taken for a long time. There will be continued missed rentals and lost customers. But the reward, when successful, will be a moat that lower rates can't cross, and a customer base that values us as more than a commodity rental yard.
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Equipment Rental Mastery
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