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Guys,
Here is some context:
- 1 month of authority
-Relying on loads from Truck Stop and Super Dispatch
I am trying to figure out how to manage cash flow. We want to grow the company and get more drivers but here is the issue. We are not using a factoring company just yet, because we have to pay $4500 to break the "contract" after Engaged Financial factoring company forced a contract on us (maybe that is mostly to blame).
I feel like most of the money from the load goes towards fuel, food, tolls and misc operating expenses, which I feel leaves little for net profit per load.
How do you guys manage cash flow? Is the answer to just get more loads? I was thinking that if the truck can do 2 loads per day @ $1500 a day, then there should not be a problem, but then I feel like it goes back to that very same issue of net profit.
I am just looking on guidance on this topic. Don't have a CDL yet so that is also limiting many loads that can be taken on.
Please help, because this is damn stressful. Officially been in business for 2 weeks. Building relationships with brokers that we do a good job for, but don't know where else to look for loads other than cold calling different brokers.
Maybe I am missing something that could give our company a fighting chance.
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- 5 months ago
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