Your company's cashflow can either make or break you. It is very important to understand the difference between cashflow and your net income or profit and loss. Some people treat them as the same thing, and that can get you into a lot of trouble. In this episode we'll try to bring some clarity to the subject to help you avoid some of the more common missteps people take when it comes to managing cashflow.
What To Expect From Episode 85
Managing your cashflow is one of the more important topics trucking company owners need to understand well. It's an important subject for any business owner, but incredibly important for trucking companies because it's a very cash intensive business and margins are thinner than they are in many other businesses. We start off the episode by explaining the difference between cashflow and net income. We spend most of the rest of the episode talking about the following times in a trucking company's life cycle when cashflow tends to be a challenge:
At startup
When you are growing
When you stop factoring
When freight rates decrease
When fuel prices increase, but rates don't
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#153. Independent Owner Operator vs. Leased Owner Operator
#152. March 2024 Financials
#151. Eating Marshmallows & Trucking
#150. February 2024 Financials
#149. Finding Loads: Keys to Success
#148. Finding Loads: Building Relationships
#147. January 2024 Financials & Chris's Dumb Mistake
#146. Finding Loads: The Process
#145. December 2023 Financials
#144. Finding Loads: The Systems I Use
#143. November 2023 Financials
#142. Cost Per Mile
#141. October 2023 Financials
#140. September 2023 Financials
#139. Dispatching
#138. Many a Mickle Makes a Muckle
#137. August 2023 Financials
#136. A Tribute to Truck Drivers
#135. Health and Fitness on the Road
#134. July 2023 Financials
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