business plan

PIB TIP: PLAN AHEAD IN YOUR DOWNTIME: While you have to wait, plan ahead by wiping off reflective tape or by updating your log book, especially the recap, which if maintained can keep you abreast of your hours of service. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, Schneider National ...

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PIB TIP: UNDERSTAND YOUR EARNINGS:  Determine a reasonable amount of miles you expect to run. Consider your age, experience, motivation, financial goals, health, personal and family needs, and your tractor’s condition to make that determination. Establish miles to run each week, month and year, and you have goals to work toward. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored ...

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PIB TIP: KEEP UP WITH A CHANGING MARKET. Use your personal profit and loss statement to compare your performance with your business plan and budget. Your profit and loss statement should show weekly, monthly and annual costs and revenue, as well as miles driven and cost per mile. Compare your profit and loss report with your budget and figure out what changes you need to make to be profitable. The Partners in Business program is ...

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PIB TIP: TRANSPORTATION. For use of a personal vehicle for business, you should include the cost of the car and improvements, the date you started using it for business, the mileage for each business use and the total miles for the year. You should include your business destination and purpose of the trip. These details can be kept in the notebook you carry with your receipt envelope. The Partners in Business program is produced by ...

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PIB TIP. HAVE A PLAN:  A business plan helps you make ends meet. It shows you how much money is needed for expenses, where it will be spent and how much you can afford to pay yourself. Your business plan should show all sources of income and cost, while taking into account industry averages, personal expenses and cash flow. It should provide a complete financial picture in weekly, monthly and annual detail. The Partners in ...

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Speakout: The Voice of the American Trucker

Truckers speak out on business plans, military personnel, having faith, truck parking and shipping rates.

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