There is a cash-flow statement which helps small transportation companies to track the inflow and outflow of trucking expenses.
In this way, you will be anticipating in the revenue control allowing you to plan the money ahead.
This is important because in this way you will significantly decrease or avoid the trucking expenses in your business.
3. Not Calculating Cost Per Mile
As a trucking company, one of the biggest trucking expenses you will ever find is the cost per mile.
In your constant effort to increase the profit, you are in fact killing it without even realizing.
As a company owner who is still new to the business, you may consider the industry as a rather unknown field.
Due to this matter, you make mistakes with cost per mile trucking expenses, although you are not allowed to, especially when it comes to startups.
More importantly, your miscalculation leads to nothing but increase the costs in your business.
