January 2021 Financials | Episode 70

January was another pretty good month. Mike was on the road more days than ever before, and you can see he was able to get in a pretty good number of miles. Listen to the episode to hear all the details.

What To Expect From Episode 70

Here are the numbers for the month.

  • Total miles ran – 12,929
  • Deadhead miles – 451 (3.49%)
  • Total revenue – $25,575.32
  • All-in rate-per-mile – $1.98 (Not as good as December, but pretty good for a January)
  • Full days on the road – 25 (Busiest month ever)
  • Partial days on the road – 4

In the end Haulin Assets realized a profit of $6,554.69.

Profit & Loss Sheet

Impact Tip

Be intentional about what you do with your money. Every dollar needs to have a purpose. You have a certain amount of money set aside for fuel, a certain amount for maintenance and repairs, a certain amount you pay your drivers and if you are an O/O, you should pay yourself a certain amount. One of my biggest pet peeves is when business owners use their business as a personal piggy bank. It’s a terrible practice.

Routes Traveled

Listen to the Full Episode

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Kevin Leis

Chris, I have been enjoying your podcast since I embarked on my journey as an owner operator. Thanks for all your knowledge. I am ready to hire my first driver and I am wondering how you found Mike? Indeed is overwhelming here in Minnesota as there are 3500 jobs posted. Thank you in advance for your answer.

Kevin Leis

Thank you Chris.