By how much does the speaker say markets are down?

Louis Massaro25 Years of Moving Industry Mastery | Founder of MoverOS™

Knock, Knock. Who's There? Opportunity!

19 Oct 2024 · 1 min

Watch on YouTube

0:59

A single-speaker YouTube talk by Louis Massaro addressing recent turmoil in the moving industry and broader markets. The speaker notes significant market declines (about 30%), widespread business closures among movers, and admits his own company showed weaknesses that required a turnaround. He frames the current environment as both a winnowing of weak firms and a strategic opportunity for new or adaptable entrants to build faster, cheaper, and more profitably, warning that fear-based decisions are typically poor.

Questions this video answers

About 30%.

Chapters

Who knows? Moving companies in your city or elsewhere that have gone out of business in the last six months or year. Let's see it. Put those hands up. I just want everybody to look around. Look around. You know how many emails we got back from this event that said, I'm going out of business, I'm going out of business. It's unfortunate, but it is what it is. All right, so markets down 30%. The companies that were built like my company was weak. I thought I was doing great, but it wasn't strong enough to survive. I had to turn it around. So it's going to weed out some of the weaker companies. But we've also got the silver lining in this whole situation right now, and we've got the ability to do things much faster, much cheaper, much more productive, much more profitable than we ever have in the past. Somebody just starting out right now. It's a great time to be in this business. It really is. Everybody else is turning, running. And the thing is, when you are making decisions out of fear, they're usually not the right decisions.