Some companies start off with a rich, financially sound backing due to investors. Some founders launch new businesses off of successfully built and sold companies. Others are brand new startups, just being launched from an idea. In all cases, profits should matter. Companies must pay close attention to not just if they are selling product […]
Getting Paid: 4 Effective Collection Strategies
You’re already having success finding work, but you’re finding the back-office and bill collection on loads delivered is taking too long or your communicating with the customer only after the bill is past due. At that point, cash flow is non-existent and you’re either dipping into your reserves, borrowing for operating expenses, or even worse, […]
Make More Money in Trucking by Controlling Your Fuel Costs
One of the most unavoidable, and substantial, expenses for anyone in the trucking business is fuel. When you have a commercial truck and trailer that gets 5 miles on the gallon, you can easily spend thousands of dollars at the pump each month. Fortunately there are several tried and true methods for controlling your fuel […]
Save Money Through Negotiated Insurance Rates
When you’re the owner-operator of a trucking business, saving money is as important as making it. One expense that can add up quickly is insurance. For a trucking business, the main insurance types to consider are general liability, workers compensation, commercial auto, property, and excess liability. All of these types of insurance can potentially be […]
3 Tips for Growing Businesses
You no doubt caught the headline and were intrigued; either searching for business growth strategies or are a regular reader of our posts. One item to note: there is no “silver bullet” approach to business growth except through smart decisions, hard work, and a little luck. What we’ve pulled together is a handful of tips […]