Dollars & Sense – April 2009

Updated Mar 3, 2025

Towards a strong bottom line
Last month I wrote about the importance of setting concise written goals. If you want to set a goal of making more money, first you need to know how much money you’re really making. You need to be able to measure the bottom line.

What does bottom line really mean? To generate a profit and loss statement, first list total income (gross revenue) at the top. This is the money you generate in your business before subtracting expenses. Under that line would go expenses – costs like equipment payments, fuel, maintenance, tolls, etc.

Total those business expenses, subtract them from gross revenue, and the result is what’s left on the bottom line – net income, or profit.

Pride & Polish
Overdrive’s annual Pride & Polish virtual truck show attracts entries from across the nation showcasing show-quality design, mechanical ingenuity and plenty of trucking-business pride. Find recent-history awards shows, in-depth features about the winners, and more.
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