#51 - Chatting With Matt Lambert: How I started an equipment rental business when I was 19 years old

Matt Lambert is the Co Founder of R&L Energy Rentals, and the Co Owner of Pinkwater Canada. Matt started R&L Energy Rentals with his business partner at just 19 years old when he saw an opportunity in the equipment rental industry.Learn more about Matt & R&L Energy Rentals at https://rlenergyrentals.ca/This episode was sponsored by Record360. Record360 is the leading provider of inspection management software for the equipment rental industry. Record360 is trusted by thousands of rental businesses to provide quick, clear documentation of assets before and after rent.https://record360.com/Episode Timestamps[01:05] - How did you first become involved in the equipment rental industry?[02:34] - What was it like starting your own equipment rental business at 19 years old?[03:48] - What is the Well Site Combo Unit?[10:54] - Explain some of the challenges you faced in the first 12 months?[12:47] - What does the R&L Energy Rental Team look like today?[14:04] - How did you become associated with Pinkwater Canada?[15:46] - Did you feel a lot of pressure starting a company?[17:29] - How did you develop your entrepreneurial mindset?[21:36] - Did anyone ever tell you that you are too young to run your own company?[24:32] - Can passion be taught?[25:49] - Did you development a business plan when you started your business?[29:22] - Has COVID-19 affected your business?[31:29] - What are some of the challenges working in the oil & gas industry?[35:04] - How can small businesses set themselves apart from the competition?[39:23] - Who do you think played a big influence on you from a mentor perspective?[41:32] - If you could give some advice to your younger self, what would you say?[44:27] - How do you define success?Get in contact with The Rental Journal PodcastWebsite: https://www.therentaljournal.com/contact-usEmail: [email protected]