Hope for the Best, Prepare for the Worst Featuring James Waite

The Fed has far from finished adjusting interest rates to slow the economy and stave off recession, but a downturn has already begun, says attorney James Waite, our guest on this thought-provoking episode. He may specialize in law, but he's about to give your business a lesson in self-defense. Waite's practice in the Denver, Colorado, area is the premier resource for contractual law in the construction equipment industry, and during our interview he raises several strategic considerations that could protect you when customers begin to struggle financially or go bankrupt, which he expects will occur in a wave in 2023. What you don't know about new laws, litigation, and liens could cost you entire pieces of equipment, so pull up a seat and listen in.  He's also providing insight about Rental Purchase Options, underscoring benefits to both contractors and independent dealers during economic turmoil, as well as insight to make sure your RPO contracts protect you in the worst-case scenario. Bottom line, as conditions decline overall and for the construction industry specifically, and people become more desperate in the coming quarters of '23, new and unexpected ways of taking what's yours or leaving you holding the bag will crop up. Right now is the time to plan and get your house in order, including all your business's contracts. James Waite Law: https://www.jameswaitelaw.com/ Facebook: https://www.facebook.com/TheWaiteLawFirm Visit IEDA: https://www.iedagroup.com/