Back in Episode 36 (you can listen to it by clicking here) we talked about the cost of sitting for a day to wait for a better paying load. If you are like me, I can’t remember what I ate yesterday, so it might not hurt to go back and listen to that episode again. In this episode we are going to analyze a similar question, but instead of looking at if from the front end of a load, we are going to consider the back end of a load.
Ahhhh, the ups and downs of trucking. I started the last financial episode show notes with the same phrase. The roller coaster continues, we went from a record profit in June to a loss in July to another record profit in August. last month to a loss this month. Hold on tight as Craig and I explain it all.
Your company’s cashflow can either make or break you. It is very important to understand the difference between cashflow and your net income or profit and loss. Some people treat them as the same thing, and that can get you into a lot of trouble. In this episode we’ll try to bring some clarity to the subject to help you avoid some of the more common missteps people take when it comes to managing cashflow.
Ahhhh, the ups and downs of trucking. We went from a record profit last month to a loss this month. The situation is not as dire as it might sound. There were some one-time expenses that created the loss. Craig and I will explain it all.
Drivers are such an important part of your business. Two of the common descriptions that truck drivers use to describe each other are professional drivers vs. steering wheel holders. What we cover in this episodes dives into the difference between the two.
It was another great month for Haulin Assets, I’m super excited to share our numbers with you this month. We need to keep this momentum going for as long as we can. There are some great financial nuggets in this episode so make sure you listen all the way to the end.
I’m out of the country on a military assignment so this episode is short and sweet, it’s just an impact tip.
The word “lease” in the trucking industry is incredibly confusing, because it means so many different things. Craig and I start off by breaking down some of the most common ways the word lease is used in the industry and which type of lease usually creates the most horror stories. This episode’s focus is going to be on the type of lease that is similar to a car lease.
Back in the saddle again. After a month with two trucks sitting we had all three trucks running for about half the month of May and that was enough to get us back in the black. I am super excited to see what will happen in June.
Most people can’t start a trucking company without using credit. There are both similarities and differences between personal credit and business credit, we’ll cover some of the nuances. If you want to learn more about how business credit works, some of the pitfalls to avoid, and steps you can take to help establish good business credit, this is the episode for you. Craig and I try to shed some light on this confusing and often misunderstood subject.