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Partners in Business
The leading business training program for owner-operators.
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Partners in Business
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.
July 29, 2020
Partners in Business
Partners in Business tip: Carry a notebook with your receipt envelope
This notebook — or alternately, a log kept in a document on your smartphone or other mobile device — will be used to record those expenses for which you cannot obtain a receipt.
July 22, 2020
Partners in Business
Partners in Business tip: Have a reserve account
TBS Factoring Service recommends having a reserve account of at lease $5,000 before owner-operators go into business. Learn more here on Overdrive.
July 15, 2020
Partners in Business
Partners in Business tip: Keep your records
Maintain your receipts and other tax records for at least three years. Here’s why…
July 9, 2020
Partners in Business
Partners in Business tip: Driving habits and tire life
Many of the problems caused by bad driving habits show up as uneven tire wear. Even absent poor driving, check your tires daily for irregular wear.
July 2, 2020
Partners in Business
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.
June 25, 2020
Partners in Business
Partners in Business tip: Save for retirement
If you don’t have a retirement account, start one. Here’s why.
June 17, 2020
Partners in Business
Partners in Business tip: Define your business
Before you buy or lease a truck, spend some time researching the type of freight you want to haul.
June 10, 2020
Partners in Business
Partners in Business tip: Develop a business plan
A business plan is very important for all owner-operators. It can outline many aspects of your operation such as freight types, pay rates, and much more.
May 27, 2020
Partners in Business
Partners in Business tip: Use a separate credit card for business expenses
Having a business credit card may help you reduce the number of advances you take from your carrier and will make it easier to keep track of business expenses.
May 20, 2020
Partners in Business
Partners in Business tip: Hire the kids
Provide tax-free earnings for age-appropriate work and help cut your tax bill. Check out all the details in the Partners in Business program produced by Overdrive.
May 7, 2020
Partners in Business
Partners in Business tip: Open a separate checking account for your business
If you're an owner-operator, be sure to check out this Partners in Business tip about the importance of separating business and personal checking accounts.
April 29, 2020
Partners in Business
Partners in Business tip: Perform regular PM
Preventive maintenance ensures your truck is running efficiently. Here are a few items to regularly check.
April 16, 2020
Partners in Business
Partners in Business tip: Save every receipt, no matter how small
Take advantage of all your business expenses by collecting your receipts no matter how small they might be. Get more details right here on Overdrive Online.
April 8, 2020
Partners in Business
Partners in Business tip: The benefits of trailer ownership
While leased operators don’t have the pressing need to provide a trailer that most independents do, they often find trailer ownership has significant earning potential.
April 1, 2020
Partners in Business
Partners in Business tip: Have a fixed residence
Run a single-truck business? You need to report a fixed residence. Here’s why.
March 26, 2020
Partners in Business
Partners in Business tip: Track personal miles for tax savings
You can deduct mileage on your personal vehicle if you make a business-related trip. It could help you cut your tax bill when tax time comes.
February 26, 2020
Partners in Business
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.
November 20, 2019
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