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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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.
Great question Kevin, and thanks for being a long-time listener. Hiring your first driver is one of the biggest steps you’ll ever take. That is exciting. I found Mike through a local classifieds company. It is kind of like Craig’s list but for just Utah and Idaho. If you have something like that in your area, that is where I would start. Craigslist itself is either free, or fairly inexpensive. In my other businesses, I usually have the best luck hiring someone I either know or someone that someone I know knows, like the friend of a friend. The more… Read more »
Thank you Chris.