As a trucking company owner/manager you need to always ask yourself is that cost I’m about to make really necessary for the company and is there a way it can be avoided. Is there a way I can choose a cheaper option for my company or what is the return on investment if I make that cost. For example if I decided to spend $10.000 what will be the benefit of that cost.
Being in that saving mode will help you to have the fixed cost at very minimum and to stay in business even when some unexpected or not planned thing occur. Being a successful trucking company owner is all about being prepared (and well funded) in cases when bad things happen.
If you are well funded when your insurance rate goes up or truck gets broken in the middle of nowhere you have a big chances of staying in the business and in long term have a successful company.
Trucking Industry Fixed Cost Examples
There is a huge number of possible fixed costs examples that are linked to the trucking industry but I will mention only most important ones among them. I’m sure guys all of you are familiar with them and every month you go trough a nightmare of paying them and making sure you have enough money on your company account.
