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Partners in Business
The leading business training program for owner-operators.
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Latest Stories: Page 29
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: 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: CREATE SEPARATE BANK ACCOUNTS. It’s impor
PIB TIP: CREATE SEPARATE BANK ACCOUNTS. It’s important to open a separate bank account that will be used to manage the income and expenses of your business. All your income from your trucking business should be deposited into this operating account. Trucking expenses should be paid for out of this account. The Partners in Business […]
March 8, 2011
Overdrive Extra
Transform your business
It’s time to take your business to the next level. Time to create the business you really want. Time not to settle for anything less.
March 1, 2011
Partners in Business
PIB TIP: GOOD DRIVING HABITS PRESERVE TIRES. Speed
PIB TIP: GOOD DRIVING HABITS PRESERVE TIRES. Speeding, hard braking, curbing and tight turns cause tires to wear faster or even develop irregular wear. On the other hand, steady acceleration, braking and steering can extend the life of your tires. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the […]
February 27, 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 WIDE SINGLES. Wide singles weigh less than dou
USE WIDE SINGLES. Wide singles weigh less than doubles and save fuel. They also cost less than the two tires they’re designed to replace, although you have to buy new rims to get in the game. Wide singles are retreadable, too. An automatic tire inflation system can help keep the tires inflated to proper pressure. […]
February 9, 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
Overdrive Extra
Why early tax prep is best
There are many advantages to getting your income tax return completed as soon as possible.
February 1, 2011
Partners in Business
PIB TIP: WARRANTY A FACTOR IN TIRES. Most standard
PIB TIP: WARRANTY A FACTOR IN TIRES. Most standard new-tire and retread warranties have coverage limited to normal-use defects in workmanship, product and material. Warranties are based on time or wear, not mileage. Some fully cover the tire’s lifespan, or until tread wears to a specified thickness. Most warranties have buy-back plans for retreadable tires. […]
January 25, 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
Overdrive Extra
Idle-reduction strategy
Understand your habits before choosing the tool to power your downtime.
January 3, 2011
Partners in Business
PIB TIP: YOUR IFTA ACCOUNT. You must get your own
PIB TIP: YOUR IFTA ACCOUNT. You must get your own International Fuel Tax Agreement account to do your own fuel tax reporting, whether you do it yourself or through a third party. You do not have to have your own operating authority to get an IFTA account, but independent owner-operators must have such an account […]
December 29, 2010
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