November Financials | Episode 31
Here’s another episode where we cover the financials for Haulin Assets.
What to Expect From Episode 31
November was an average month. The main reason was I was not on the road for as many days as I would have liked, and there is a reason for that, that I’ll get into in a future episode. Here is a quick overview, and Craig and I talk about all the details during the episode. Scroll to the bottom and you’ll see copies of the Profit and Loss Statement and the Balance Sheet.
- Total miles ran – 9,777
- Deadhead miles – 510
- Total revenue – $17,589.03
- All-in rate-per-mile – $1.80
- Full days on the road – 12
- Partial days on the road – 6
In the end Haulin Assets realized a profit of $2,065.39. Revenue was about the same as last month, but expenses were down, no repairs! Listen to the entire episode to learn more about the details.
Routes Traveled
Financial Sheets
Listen to the Full Episode
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What is the yearly total net income for 2019 and 2020 so far? Would you recommend hotshot over semi? Why or why not
Hi Maxwell, I am going to be going over my first 12 months of operation in an episode that will most likely launch on July 1st. I’ll answer the net income questions at that time. There are pros and cons to hotshots and pros and cons to semis. I would say the top pros and cons of Hotshots are: pros-Less money to get started and less operating expense. That makes them less risky. Additionally, you can operate some hotshots without a CDL, but if you do that, you are going to be limited in the loads you can take. If… Read more »