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Tag: business plans
Business
Aug. 26: Learn owner-operator business skills
Don’t miss this free two-hour seminar, with presenter Kevin Rutherford, on how to run a profitable owner-operator business.
August 25, 2011
Business
TONIGHT: The latest on driver pay trends
Learn more about owner-operator and company driver compensation in a free webinar produced by Overdrive and Truckers News and sponsored by Freightliner Trucks.
August 15, 2011
Partners in Business
PIB TIP: GET ONLINE ACCESS. Even if you don’t pack
PIB TIP: GET ONLINE ACCESS. Even if you don’t pack a computer on the road, once you’re signed up at your bank or credit union for online access, you can check your balance and cleared checks anywhere you have online access to guard against your own or your spouse’s failure to record to record a […]
April 5, 2011
Partners in Business
PIB TIP: USE OVERDRAFT PROTECTION. Most banks offe
PIB TIP: USE OVERDRAFT PROTECTION. Most banks offer this service, which automatically draws from your savings or credit card account to cover a bad check. If savings, you obviously need to keep a good stash to make it work. Linking to a credit card is a less favorable option, but paid off quickly it’s still […]
March 28, 2011
Partners in Business
PIB TIP: MANAGE CASH FLOW. The best practices for
PIB TIP: MANAGE CASH FLOW. The best practices for managing cash flow include using a business operating account and never taking cash advances. Avoid overdraft fees by recording every check as soon as it’s written. Don’t forget debit card purchases, and develop a system for logging automatic monthly drafts, such as utilities. The Partners in […]
March 21, 2011
Partners in Business
PIB TIP: HAVE A RESERVE ACCOUNT. The best owner-op
PIB TIP: HAVE A RESERVE ACCOUNT. The best owner-operators have at least $5,000 in reserve before they ever go into business. That amount should be maintained and increased, especially with a truck that ages. The purpose of the reserve account is to set aside money for large or unforeseen items that could put a large […]
March 15, 2011
Partners in Business
PIB TIP: MAINTAIN PROPER INFLATION. Maintaining co
PIB TIP: MAINTAIN PROPER INFLATION. Maintaining correct inflation is free and is the highest saving maintenance you can perform on your truck. Improper inflation is by far the greatest reason that tires fail or wear out early, also wasting fuel. Daily pre- and post-trip inspections give owner-operators the chance to check pressures and look for […]
February 22, 2011
Partners in Business
PIB TIP: PERFORM ROUTINE MAINTENANCE. Proper maint
PIB TIP: PERFORM ROUTINE MAINTENANCE. Proper maintenance of tires, wheels, axles and the steering column also will help keep your tire costs down. Wheels naturally lose alignment and balance. Bushings, shocks, bearings and valve stems wear out. Checking wheel alignment periodically can pay big dividends. Whenever you start seeing a heavy spot or a flat […]
February 16, 2011
Partners in Business
USE RETREADS. Premium tire makers design casings f
USE RETREADS. Premium tire makers design casings for retread use. Theoretically, undamaged casings can be repeatedly retreaded, although the tire maker’s casing warranty might run out at, for example, 750,000 miles or after three retreadings. On the downside, some carriers restrict retread use on steer axles, and some states limit the number of times a […]
February 1, 2011
Partners in Business
PIB TIP: SHOP FOR THE BEST VALUE. Get the most for
PIB TIP: SHOP FOR THE BEST VALUE. Get the most for your money in tires, whether you spend a little or a lot. It’s tempting to shop primarily by sticker price, but cost per mile and retreading potential are more important considerations. Making an informed choice means keeping written and dated records of purchase, fuel […]
January 18, 2011
Partners in Business
PIB TIP: SPEC FOR YOUR APPLICATION. Effort put int
PIB TIP: SPEC FOR YOUR APPLICATION. Effort put into careful spec’ing will pay off in any of the four main tire applications: long haul, regional, on/off road and urban. The different applications mean different tire lives. Specific steer, drive and trailer tires are available for each application. If you’re spec’ing a new truck, you can […]
January 11, 2011
Partners in Business
PIB TIP: CHECK TIRE WEAR. Pre- and post-trip inspe
PIB TIP: CHECK TIRE WEAR. Pre- and post-trip inspection of your tires is a great time to check for irregular wear, flat spots and other indications of tire maintenance needs. Since tires are the second biggest variable cost, adopting cost-cutting practices, such as careful inspections of the tires, really pays. The Partners in Business program […]
January 5, 2011
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