WELCOME TO RIVER DAVES PLACE

How's Business?

Nanu/Nanu

Don't wait til' life's easy to be happy
Joined
Jul 30, 2020
Messages
2,663
Reaction score
4,772
If you are RD its all about diversity. When the markets tank in this industry they are sky rocketing in others.

Caught this truck in paulden,Az yesterday.

IMG_20230913_125633455.jpg
IMG_20230913_125643352_HDR.jpg
 

MPHSystems

Hallett 240
Joined
Sep 10, 2021
Messages
3,767
Reaction score
9,079
I manufacture concrete block in Albuquerque New Mexico and we are currently slammed and can’t hire anyone worth a damn. Unfortunately the profit margin is not what it should be.
I hear you. The 4 guys I just laid off, I had spent a fair amount of money and time and effort training them. Not in the trade, but to understand how important safety and quality are to me. Yes, the got some trade skill sets. But mostly I first train that it’s OK to not know everything, and there was another guy, with a drug problem who robbed me for about $8k in tools.
 

1manshow

Well-Known Member
Joined
Dec 19, 2007
Messages
254
Reaction score
320
I get what you're saying. That's coming, no doubt. It's a calculated balance that is in motion for 10-12 months at a time. If sales slowdown I'm still feeding out living things that have an expiration date due to butcher appointments scheduled a year in advance. I'm not set up to sit on perishable inventory so reducing the number of steers in my program will come first, followed by a price bump to get my margins back in line.
I think you are making the right move in my opinion. These prices are not sustainable, we are getting paid 650.00 for day old Holstein/Angus steer then add 3.64 a day feed cost for 130 days your at 1130.00 for a 330-350lb animal. Highest price in history!!
 

wash11

Well-Known Member
Joined
Jan 24, 2011
Messages
2,519
Reaction score
7,598
I think you are making the right move in my opinion. These prices are not sustainable, we are getting paid 650.00 for day old Holstein/Angus steer then add 3.64 a day feed cost for 130 days your at 1130.00 for a 330-350lb animal. Highest price in history!!
And with high input costs, anyone that thinks we’re making big money is out of touch- even with these crazy high prices on the back end.
 

Done-it-again

Well-Known Member
Joined
Apr 3, 2016
Messages
9,205
Reaction score
11,495
And with high input costs, anyone that thinks we’re making big money is out of touch- even with these crazy high prices on the back end.
Are you guys set up for breading your own calf's? Could alwasy keep the ones you want to raise and sell out the others.
 

wash11

Well-Known Member
Joined
Jan 24, 2011
Messages
2,519
Reaction score
7,598
Are you guys set up for breading your own calf's? Could alwasy keep the ones you want to raise and sell out the others.
Cow/calf operations are a whole different world, requiring an entirely different infrastructure and crew. Most are generational, covering tens of thousands of acres. I like my side of the fence😊.
 

Done-it-again

Well-Known Member
Joined
Apr 3, 2016
Messages
9,205
Reaction score
11,495
Cow/calf operations are a whole different world, requiring an entirely different infrastructure and crew. Most are generational, covering tens of thousands of acres. I like my side of the fence😊.
I get it... My uncle did it in TX, very small (15 acres) and he worked for me full time travelling the US.

Not sure how many you slaughter a year, but if you only did 5-10 a year, could it offset some of the cost?
 

shintoooo

I'm Blessed
Joined
Oct 22, 2009
Messages
26,920
Reaction score
58,480
Checking back in to see how everyone is closing out the year. I'm doing year end tax planning for some clients now and most of them have slowed down and are painting a pessimistic picture for 2024. The one's in entertainment are firing back up on all cylinders now that the strike is over and they will be crazy busy by February. My cosmetic doctors are starting to slow down as well with their large procedures ($10K+). Large commercial and residential construction projects have slowed down as well. Professional services (mostly lawyers) are still busy with no end in sight.

What's going on in your industry now?
 

Thing One

Well-Known Member
Joined
Dec 19, 2022
Messages
126
Reaction score
308
Building material supply. 2022 was unsustainable growth (100% growth in 18 months). I knew that all along, it was just a crazy time, and we sucked up every ounce of gravy we could. 2023 is down about 13% from last year, I expected worse. I figure if we could get back to 2019 numbers plus 10%, I'd be thrilled. I was still profitable then.
 

NicPaus

Well-Known Member
Joined
Sep 15, 2010
Messages
13,400
Reaction score
13,324
Slammed the last 2 months. Worked 7 days last week 12+ hour days. Can't get the jobs done fast enough to start the next.

Just ran into another contractor I know at supply house. He said busiest December he has ever had. Same for me. He said he is usually slow December.

I was slow 2 months ago for the first time in 5 years. Put out a lot of bids. And now everyone wants it done.
 

LakeMeadLavey

Well-Known Member
Joined
Jun 18, 2008
Messages
405
Reaction score
758
Checking back in to see how everyone is closing out the year. I'm doing year end tax planning for some clients now and most of them have slowed down and are painting a pessimistic picture for 2024. The one's in entertainment are firing back up on all cylinders now that the strike is over and they will be crazy busy by February. My cosmetic doctors are starting to slow down as well with their large procedures ($10K+). Large commercial and residential construction projects have slowed down as well. Professional services (mostly lawyers) are still busy with no end in sight.

What's going on in your industry now?
Powersports industry is feeling the slowdown big time. We are a large manufacture in business for 53 years and supply dealers nationwide. Our holiday sales thus far along with our dealers is down between 20-25% from last year. Many of these dealers also sell online through their websites and 3rd party platforms which is also taking a hit. Some of this is related to the industry/dealers having a major inventory overstock issue from the COVID buying frenzy.

Also, our industry is directly impacted when construction and other blue collar industries slowdown. We are expecting a tough 2024 for the powersports industry but have planned accordingly with our forecasts and purchasing.
 
Last edited:

dread Pirate

Well-Known Member
Joined
Oct 22, 2010
Messages
6,909
Reaction score
10,947
Our county is dying. Several smaller businesses will go under after Christmas. Many hoped for a boost with Christmas sales, but it isn't happening. Lots of businesses for sale. Nobody is hiring. Hard to watch as I love where I live,,,,
 
Last edited:

lbhsbz

Putting on the brakes
Joined
Jan 11, 2010
Messages
12,232
Reaction score
30,713
Checking back in to see how everyone is closing out the year. I'm doing year end tax planning for some clients now and most of them have slowed down and are painting a pessimistic picture for 2024. The one's in entertainment are firing back up on all cylinders now that the strike is over and they will be crazy busy by February. My cosmetic doctors are starting to slow down as well with their large procedures ($10K+). Large commercial and residential construction projects have slowed down as well. Professional services (mostly lawyers) are still busy with no end in sight.

What's going on in your industry now?
I'm flat killing it. I sell on eBay and through my website, as well as a lot of direct B2B sales. I haven't had a break in the last month. I added about 350 new kits on eBay in the last 3 months, and my sales have almost doubled...just on eBay I've sold over $50K in the last 90 days. Website is a bit slower, B2B is a bit higher. Been ordering real heavy on inventory because I can and I hate running out of shit.

...still working outta my garage lol
 

Orange Juice

Well-Known Member
Joined
Oct 2, 2017
Messages
4,781
Reaction score
5,635
Isn’t this a normal cycle of interest rates? I lived through one in the early 1980’s.

Back then we blamed Jimmy Carter for the mess, after Nixon tried to pull a Trump back in 1973 and got caught. At least no one got killed back then. 😂
 

Done-it-again

Well-Known Member
Joined
Apr 3, 2016
Messages
9,205
Reaction score
11,495
Slammed the last 2 months. Worked 7 days last week 12+ hour days. Can't get the jobs done fast enough to start the next.

Just ran into another contractor I know at supply house. He said busiest December he has ever had. Same for me. He said he is usually slow December.

I was slow 2 months ago for the first time in 5 years. Put out a lot of bids. And now everyone wants it done.
That’s because a lot of business need to spend money at the end of the year for taxes.
 

jetboatperformance

Well-Known Member
Joined
Jan 1, 2008
Messages
7,948
Reaction score
16,706
We are "unseasonably" busy It seems for years we would wonder why folks waited to the week before Memorial day to drag thier boat out of mothballs , several big projects going forward Maybe theyre finally getting the picture ?
 

530RL

Well-Known Member
Joined
Sep 18, 2012
Messages
21,668
Reaction score
20,788
In all our businesses, growth is limited by available labor. And there is very little available labor that is willing to work.

Demand exceeds supply.

Demand would have to drop substantially to get back in balance.
 

NicPaus

Well-Known Member
Joined
Sep 15, 2010
Messages
13,400
Reaction score
13,324
That’s because a lot of business need to spend money at the end of the year for taxes.
These are all homeowners. I only do residential work unless it's for a repeat customer. I think most were price shopping.

I went back for another load at supply house. And the owner said it had definitely picked up compared to few months ago. Steady.

I just talked to my insurance agent though. Need to raise prices again. My personal truck policy went up a $1000 every 6 month from last year. He said 6.9% increase. More like 40%.

Adding another work rig to my commercial policy. It's going to hurt. Need some KY for the quote.
 

Done-it-again

Well-Known Member
Joined
Apr 3, 2016
Messages
9,205
Reaction score
11,495
These are all homeowners. I only do residential work unless it's for a repeat customer. I think most were price shopping.

I went back for another load at supply house. And the owner said it had definitely picked up compared to few months ago. Steady.

I just talked to my insurance agent though. Need to raise prices again. My personal truck policy went up a $1000 every 6 month from last year. He said 6.9% increase. More like 40%.

Adding another work rig to my commercial policy. It's going to hurt. Need some KY for the quote.
For sure, but how many business owners are paying for the work through their business?
 

RiverDave

In it to win it
Joined
Sep 13, 2007
Messages
124,688
Reaction score
157,213
Checking back in to see how everyone is closing out the year. I'm doing year end tax planning for some clients now and most of them have slowed down and are painting a pessimistic picture for 2024. The one's in entertainment are firing back up on all cylinders now that the strike is over and they will be crazy busy by February. My cosmetic doctors are starting to slow down as well with their large procedures ($10K+). Large commercial and residential construction projects have slowed down as well. Professional services (mostly lawyers) are still busy with no end in sight.

What's going on in your industry now?

Busier than shit, but not making any dinero.. lol. Working on changing that right now.. 😳🤪
 

Orangegazm

Well-Known Member
Joined
Apr 3, 2016
Messages
137
Reaction score
465
before 2008 we did 98% boats and 2% RV's, after 2008 we did 60% RV's and 40% boats, during Covid we where 70% RV's and 30% boats, RV sales went through the roof and boats definitely had a surge but not even close to RV's. Today we are slammed with boats and RV's have slowed substantially but we have 3 months worth of RV repairs in the yard and now equal that in boat repairs. I hope the trend continues, it's so much easier getting parts for boats... and boats are my true passion. We will make it through winter easily but a lot of my friends that have businesses are extremely slow and they see doom and gloom closing in.
 

whiteworks

Custom Shutters by WhiteWorks
Joined
Sep 25, 2007
Messages
15,512
Reaction score
9,727
Residential window coverings fell on its face 6-8 months ago, prices have increased and moneys not cheap so it’s not a great outlook. Commercial side will continue however the product is not a consumable item so once it’s done that’s it for a long time with my accounts. I get the occasional residential tire kicker but there is bottom feeders out there to service those folks needs, I don’t want to sell cheap products and I can only go so low on pricing with the food stuff, so I’m out of that market LOL

The simulator business, time will tell, for now I put my best sales guy on the floor 10+hours a day, 7 days a week to grind it out and feed the beast😂
 

golakers

Well-Known Member
Joined
Jun 11, 2008
Messages
554
Reaction score
1,170
Flooring industry is slowwwwww. Now Christmas 🌲are up. No one wants their floors/house tore up.
 
Last edited:

Ace in the Hole

Well-Known Member
Joined
Aug 15, 2020
Messages
6,161
Reaction score
14,510
Busy, but sales are WAY down in the industry.. Panel glut is hurting some players and they are taking a bath selling them at a loss..which hurts everyone else. Interest rates continue to wreak havoc on this industry, the only real winners on the IRA/interest rate hike's are the PPA firms right now. Lot of consolidation, business failures going on...even big names. I think q1 into q2 will be far worse than analysts expect in my field...but what do I know.

California's regulators are really screwing that market...especially now ties the multifamily export changes.

The big firms benefited from the IRA far more than little ones..they will continue to grow vs smaller players. They have the lobbyists, government backed guarantees, and growth is the only goal vs profitability.. Different set of rules/business models. I sat in a meeting back in May about this...it was baffling to hear a well known analyst say that for a specific handful of companies it doesn't matter if they are profitable..
 
Last edited:

Fabhouse

Well-Known Member
Joined
Jun 8, 2015
Messages
331
Reaction score
645
Flooring industry is slowwwwww. Now Christmas 🌲are up. No one their floors/house tore up.
Yup. Commercial flooring here-
I have my core crews busy daily, but not at the rate I would like. Not odd for this time of year though. May-September is our profit center, then times that companies and public works are on break-spring break, thanksgiving, between christmas and new years, etc. Our big box store accounts tend to fill in the slow spots. January is looking amazing, but February is looking like a great time to take the kids on a motorhome adventure.
 

CoolCruzin

Well-Known Member
Joined
Nov 17, 2008
Messages
3,412
Reaction score
2,999
We’re so backed logged with orders .
I don’t want to buy more machines .
 

stillhustlin

Well-Known Member
Joined
Jun 15, 2022
Messages
117
Reaction score
204
Home Builder in Northern Utah. We dropped priced all round another 15-20k on average in the last month and are giving 2-3% in incentives on top of that. Sales seem to chug along and the numbers are fine. Hard costs are down significantly which has helped. Some subdivisions seem like it’s hard to move things while others are going like hot cakes. Overall 2023 was a good year and things are looks up for 2024 with rates coming down a bit in the last few weeks. Models are all pretty busy.
 

c_land

Well-Known Member
Joined
Jul 14, 2016
Messages
1,804
Reaction score
3,855
Civil Engineering / CM / Land Survey - private firm serving public sector.

Can’t keep up. Can’t hire enough talent. Can’t work on the business.

Record margins and near record top line. Pretty miserable in the opposite direction for me right now, but definitely prefer this to the other miserable alternative

No updates. Big bonuses this year. More RFPs than we we have people to respond to them.

I would like some diversity in our CM/Inspection work, but that’s an Us issue more than a market issue.
 

CarolynandBob

Well-Known Member
Joined
Nov 22, 2016
Messages
2,423
Reaction score
4,312
Our resort has slowed a lot. Camp sites that are usually filled for 6 month are about 50% full. Bar is slow. Canadian snow birds has slowed, with the exchange rate I am not surprised. A lot more park models for sales. but the prices seam to be holding.
 

Meaney77

Well-Known Member
Joined
Feb 25, 2009
Messages
7,608
Reaction score
8,148
In all our businesses, growth is limited by available labor. And there is very little available labor that is willing to work.
I have to ask, how is this even a thing anymore? Post COVID- how are people still able to sit on their ass and not wanting to work??
 
Last edited:

Vib

Well-Known Member
Joined
Dec 20, 2007
Messages
310
Reaction score
890
Two businesses: rv park and commercial real estate brokerage in Colorado.

The rv park is doing great but we are new, serving only fully self contained rvs, mostly the over 55 crowd, and have really big sites.

The commercial brokerage sucked last year, had over 15m of deals fail mostly due to nervousness about the economy, high interest rates and pathetic lenders.

2024 looks better for both businesses from our outlook.
 

Shlbyntro

Ultra Conservative
Joined
May 27, 2018
Messages
7,744
Reaction score
22,568
My work has shifted from service to repair by a large margin. In fact I only had 4 services this year that were not connected to some kind of repair. Dollar for dollar, I am up about 15% but I am working for it. I am expecting a fair summer coming up as the Dems will try to restimulate the economy they f*ckered up going into the elections.
 

Boozer

Extreme Mist
Joined
Jun 17, 2011
Messages
2,355
Reaction score
1,655
One of my side businesses is selling misc. products at holiday and home shows.

I just did a Christmas show here in Denver. I did okay personally but most of the vendors I spoke with said they did about 30% of what they did last year and many lost money as a result.

I did a couple home shows earlier in the year. The numbers were decent but definitely not what I expected.

There’s a major shift in consumer spending and I think it will get worse in 2024. Money isn’t cheap anymore and people have maxed out their credit lines.
 

Cole Trickle

Member
Joined
Sep 25, 2007
Messages
23,594
Reaction score
16,140
Insurance industry in CA is still a disaster. Would not be surprised to see a big named carrier filing BK by next year, if not a few 😬
For sure....

Turning away a ton of business just no place for them in the timeline needed or due to risk.

Fun times.
 

ChumpChange

Commercial Banker
Joined
Dec 19, 2007
Messages
9,939
Reaction score
11,494
Home Builder in Northern Utah. We dropped priced all round another 15-20k on average in the last month and are giving 2-3% in incentives on top of that. Sales seem to chug along and the numbers are fine. Hard costs are down significantly which has helped. Some subdivisions seem like it’s hard to move things while others are going like hot cakes. Overall 2023 was a good year and things are looks up for 2024 with rates coming down a bit in the last few weeks. Models are all pretty busy.
Sounds like you’re still hustlin though.
 

regor

Tormenting libturds
Joined
May 28, 2010
Messages
41,385
Reaction score
131,232

arch stanton

Well-Known Member
Joined
Jun 30, 2011
Messages
866
Reaction score
2,061
Behind a paywall but I have read other places about jobs numbers not being reported accurately
Things like tax revenue to the government down even as the number of people employed are supposed to be going up
 

Markus

Well-Known Member
Joined
Aug 3, 2022
Messages
637
Reaction score
769
The jobs report was good. Not too hot and not too cold.

Don't get your financial news from poor people. :eek:
 

hallett21

Well-Known Member
Joined
Nov 9, 2010
Messages
17,666
Reaction score
21,980
I’ll say personally it’s only gotten better since I’ve adjusted what I’m pursuing.
 
Top