Another average month. Revenue was actually higher than normal, but net income was about average. There were some higher expenses than normal. We’ll go into some of the details.
Craig and I talk about not falling into temptation when rates are really good and you are making good money, so you avoid some pitfalls that commonly mean the end of companies that were once successful.
In addition to talking about financials, we talk about adding a truck. I’m about 90% sure I am going to do it, so I have started to look for another truck, trailer, and driver. Craig and I talk a bit about that.
A couple of episodes ago I talked about being deliberate. One of the best ways to ensure you are deliberate in all that you do is to have a clear vision. All great leaders have a good vision. Whether you are an owner operator or the owner of a large fleet, you have to have a clear vision of the future if you want to maximize your success.
Another month gone by and it was a unique month, we get into why. We also answer a couple questions from listeners at the end of the episode.
In this episode I am going to talk about one of my habits that I think has had the biggest impact on my success and I hope it can help you out too.
Things seem to be getting better and better as the months go by, but I we are clearly not out of the woods yet. July was better than June and the freight market seems to continue to move in the right direction. Rates toward the end of the month were better than the beginning of the month.
Growing a trucking company from one truck is a challenge, even under the best of circumstances. In this episode I hope to give you some ideas and things to think about if you want to go from 1 truck to 5, or even more. It’s a process that needs to be well planned out; hopefully, this episode will get your “wheels turning”.
We’re still experiencing the roller coaster ride of a tough economy and a volatile freight market. With that being said, we still made money in June, it just wasn’t much. Like my dad always says, “It’s better than a swift kick in the butt.” The biggest difference this month that really affected our financials were much higher than normal maintenance and repair expenses.
The Bible teaches that if you live by God’s Ten Commandments, He will bless you. Similarly, if you follow my Ten Commandments for Owner Operators, you’re likely to find success.