January was a good start to the year. A couple of episodes ago I left a teaser about $7,000 in preventable damages we had to payout and Craig and I start the episode off diving into exactly what happened. It’s a pretty good story with a lot of nuggets of wisdom you can gain from the experience. The other great news, Truck 05 is finally on the road.
What To Expect From Episode 96
As usual, we cover the ins and outs of what happened financially this month. Here are some of the highlights.
- Total miles ran – 47,017 (Pretty high, just 4 trucks, but they all ran hard)
- Deadhead miles – 2,452 (5.2%)
- Total revenue – $114,170 (This was actually lower than I expected)
- All-in rate-per-mile – $2.43 (A pretty big drop from where we were in December, but that is to be expected. The encouraging thing is that we were still able to run hard in January, wasn’t hard to find loads and our deadhead was pretty low.) February is probably going to be in the same ballpark.
Haulin Assets realized a profit of $29,339.41.
Profit & Loss Sheet
Focus on scalability. How do you make a trucking company scalable? Don’t know what scalability is, listen to the episode, we break it down. One of the common problems I see that cause serious problems in our client’s companies that sometimes cause them to go out of business to have to do with scalability. When a company is small the owner(s) can usually manage the little problems and little inefficiencies. But when they get bigger those little problems became so numerous they are hard to handle and eventually become unmanageable causing an incredible amount of stress. You want things running smoothly before you take the next step.