Partners in Business

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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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: 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: 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: 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: Keep your records

Maintain your receipts and other tax records for at least three years. Here's why...

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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: Have a reserve account

The best owner-operators have at least $5,000 in reserve before they ever go into business.

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Get owner-operator tips during Partners in Business seminars at GATS

Seminar attendance will also include a free PIB manual, a $20 value that includes a variety of practical financial tips, tax and equipment management strategies and more.

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