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Partners in Business
The leading business training program for owner-operators.
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Latest Stories: Page 2
Overdrive Extra
'What do I do now to stay in business?' 5 tips toward reining in costs
W. Joel Baker answers the question in the title, one he's been getting increasingly from struggling small fleet owners. The answer? Part of it is to avoid the self-inflicted wounds common to trucking business owners who've grown too quickly.
June 20, 2022
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: Have a reserve account
Here's how much every operator should have -- at minimum -- in a reserve account, and why you need one.
July 15, 2020
Partners in Business
Trucking 101: Understanding fuel surcharges
There are no rules covering fuel surcharges. As with freight rates, anything goes. Understanding surcharges and having them in place with customers -- whether brokers, shippers or a leased owner-op's motor carrier -- is key to coping with price swings.
June 1, 2012
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
Business
How to speak your freight broker's language with confidence
Owners' spot freight negotiations should be viewed as a potential stepping stone to steady business. As evidenced in this report, tactics abound for getting better rates, but truckers who succeed consistently always keep an eye on the road ahead.
May 25, 2022
Partners in Business
Partners in Business tip: Work to improve your credit
Do not wait around and accumulate more debt over long periods of time. Pay off what you owe as well as any penalty fees. Pay off debt to improve your business.
December 2, 2020
Overdrive Radio
The cargo-van hustle: Break through limitations with business-systems focus
Cargo van expediter Breon Thomas is on a mission: To give a hand up to the generation of aspiring van business owners behind him with consultation that mere hustling won't get you where you want to go as an owner. Create your support structure to succeed.
May 24, 2022
Partners in Business
Partners in Business tip: Use overdraft protection
See if your bank offers any of these options that are much less costly than bouncing a check. Get all the information you need here on Overdrive.
November 20, 2020
Partners in Business
Partners in Business tip: Remember the warranty during truck loan negotiations
Partners in Business says to focus on understanding the warranty and making sure it will work for you. More information here on Overdrive.
November 4, 2020
Overdrive Extra
Safeguard your trucking business’ certificate of insurance to avoid becoming an ID theft victim
And more ... COIs can provide a gateway not only to identity theft but insurance fraud and other scams for would-be thieves. Truck owner and insurance agent W. Joel Baker outlines steps to take to protect your certificate from thieves' access.
May 5, 2022
Partners in Business
Partners in Business tip: Log your spending
In the latest Partners in Business program post, we're discussing how to keep track of your spending. This means every purchase.
October 22, 2020
Partners in Business
Partners in Business tip: Shop for insurance
If you're looking to get a truck loan, don't automatically include insurance in the contract. Take a moment to shop around to get the best insurance rates.
October 14, 2020
Partners in Business
Partners in Business tip: Keep an escrow account for maintenance costs
Partners in Business suggests calculating the cents-per-mile based on truck age to create a maintenance escrow savings account for preventive maintenance.
October 7, 2020
Overdrive Radio
Meet your regulator -- FMCSA chief Robin Hutcheson -- and post-PIB biz talk, part 2
In this edition of Overdrive Radio, track back through a half-hour session with reporters the FMCSA chief held at MATS, touching on trucking pride, regulatory change, and much more; also: Part 2 of our post-Partners in Business best practices roundtable.
April 15, 2022
Trucking Law
Trucking Law: What's appropriate as 'personal conveyance' in the logbook or ELD?
This video, part of Overdrive's Trucking Law series, explains regulatory guidance around "personal conveyance," making clear what is/isn't acceptable off-duty movement of the truck. If the enforcement community has its way, new limits could be coming.
April 13, 2022
Partners in Business
Partners in Business tip: Update your insurance basics annually
Talk to your insurance agent every year to adjust parts of your insurance policy — here’s why.
September 23, 2020
Overdrive Radio
Why drivers get into business as owner-operators
This Overdrive Radio podcast features a roundtable on business process issues with something of a cross section of trucking: Aspirational small fleet owner and fleet operations veteran Pete Anderson and leased owners David Nihart and Raeshawn Lucas.
April 11, 2022
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