Partners in Business

Partners in Business tip: Change your own oil

A one-truck operator can save almost $200 a year by moving from gallon jugs to 55-gallon drums for oil purchases.

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Partners in Business tip: Properly spec your tires

Smart tire spec’ing can save money in two ways: reducing tire cost per mile and fuel cost per mile.

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Partners in Business tip: Get an engine inspection before you buy used

For any truck you’re looking at buying, try to get an engine inspection by an original equipment manufacturer shop for that engine’s brand.

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Partners in Business tip: Practice proper oil filtration

Use good oil filtration practices. Choose a filter that meets all the engine manufacturer’s specifications. Always change it at the recommended interval to extend oil life.

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Partners in Business tip: Log maintenance records

Only with complete records can you track the work done on your truck and, when necessary, prove that required maintenance has been done.

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Partners in Business tip: Buy oil in bulk

The do-it-yourself oil change is a standard for many owner-operators, especially those with their own authority. A one-truck operator can save almost $200 a year by moving from gallon jugs to 55-gallon drums for oil purchases, assuming 125,000 miles per year with an oil change every 25,000 miles.

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Partners in Business tip: When to upgrade your truck

Rules of thumb on when it's time to trade your old rig for a newer one.

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Partners in Business tip: Obtain a monthly earnings statement

All of your records should be converted into a profit and loss statement at the end of every month to show miles, revenue, costs and how much money you made or lost.

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Partners in Business tip: Open a separate checking account for your business

Run a one-truck owner-operator business? Separate your business account from your personal account -- here's why.

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Partners in Business tip: Use overdraft protection

There are options that are much less costly than bouncing a check.

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