#77. April 2021 Financials

Iron Maintenance I just had a PM completed by Iron Maintenance, check out this time-lapse video I shot. They have 12 locations all across the country, you can find out where all of them are by clicking here.  Their prices are super competitive and more importantly they are fast. I was in and out in under an hour and that included dropping my trailer and hooking back up. They are going to give Haulin Assets listeners a 15% discount off their already great pricing. To qualify, all you have to do is give Mike a call at 801-678-4749 before the end of June and then have the PM done before the end of 2021. You can get the discount no matter what location you go to. ----------- Numbers never lie, but this month, I don't think they tell the full story either. So, was April a good month or a bad month? On the surface, it looks like a bad month, but I don't feel like that is really the case. Operationally, it was a good month. We did have a loss, but that loss is all attributed to investing in growth. Craig and I break that down and explain in detail what drove the numbers. This is a really good financial episode to listen to, especially if you ever plan on growing your trucking company. What To Expect From Episode 77 Here are the numbers for the month. Total miles ran – 10,437 Deadhead miles – 800 (7.7%) Total revenue - $30,775.14 All-in rate-per-mile - $2.94 (Skewed a little because we had $3,600 in revenue from leasing a trailer for a week and we only had to drive about 100 miles round trip) In the end Haulin Assets realized a loss of $4,828.77. Listen to the episode for the details about the loss and we talk about what the numbers would have looked like if the expenses tied to our growth would have been backed out.  Impact Tip After you follow through, follow up. It is always a good idea to maintain regular contact with people you do business with, or want to do business with. You should jump on any chance you have to talk to them. If you committed to do something for them or help them with something, once you have completed that task, follow up with them and let them know it's done. It is a way to casually brag about how well you are taking care of them. Follow up once you have delivered a load, let them know it's done and how everything went.