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56 minutes | 18 hours ago
#76. A Listener Who Started His Trucking Company - Bubba Blackwell Interview
Click through for the full show notes for this and all past episodes. For me personally, this is one of the coolest episodes Craig and I have done. We interview Bubba Blackwell, a listener who has taken what he has learned from the podcast and started his own trucking business. When I started this podcast, one of the biggest reasons I did it was to help other people improve their lives by taking the big step into owning their own business. It was really cool to hear how we have been able to be a part of Bubba's journey. Don't forget you can watch this episode on YouTube. What To Expect From Episode 76 Talk about a career change, Bubba Blackwell went from an American stunt performer and motorcycle jumping world record holder to an Owner Operator. He is happy with where he is at and excited about where he is headed. Craig and I interview Bubba and talk about his journey and how the Haulin Assets podcast has helped along the way. There is a lot to learn from Bubba's experience and it is nice to hear from someone else that the jump to being an Owner Operator is something within reach for just about anyone with the guts and determination to give it a try. Check out some of Bubba Blackwell motorcycle jumps on YouTube or follow him on twitter, @hdjumper.
25 minutes | 15 days ago
#75. March 2021 Financials
Click through for the full show notes for this and all past episodes Check out the YouTube channel March was Haulin Assets' best month ever. Craig and I will go over what made it such a great month. Also, the annual CVSA (Commercial Vehicle Safety Alliance) Roadcheck is coming up May 4-6. We talk about what they are looking for this year and why you might want to not avoid it. You can learn more details by clicking here. What To Expect From Episode 75 Here are the numbers for the month. Total miles ran – 24,488 Deadhead miles – 1,741 (7.1%, higher than it has been) Total revenue - $69,039.09 All-in rate-per-mile - $2.81 In the end Haulin Assets realized a profit of $20,350.74. What really makes this exciting is that we made that large of a profit and we even started paying ourselves some non-driver pay for running the business.
33 minutes | a month ago
#74. Truck #3 and Facing Challenges
Click through for the full show notes for this and all past episodes Check out the YouTube channel I start off this episode talking about a family road trip we took and some adventures we had along the way. What To Expect From Episode 74 This is another two topic episode. Topic #1-More about truck #3 Craig and I answer some of the following questions: Why a freightliner? Are we going to get accident avoidance equipment on the next truck? The two biggest reasons we decided to go new verse used How our long term plan with the truck is a little different than most fleets Facing Challenges Haulin Assets has had its fair share of challenges over the last two years. We are currently facing another one. I talk about some of the lessons I learned from a book I really like called “The Top 10 Distinctions Between Millionaires and the Middle Class” by Keith Cameron Smith and how they help me get through some of the challenges I face as a business owner.
32 minutes | a month ago
#73. A New Truck and Strong Freight Market
Click through for the full show notes for this and all past episodes I've been on the road the last couple of weeks. Listen in to hear why I'm back in the truck and how things have been going. What To Expect From Episode 73 During this episode Craig and I talk all about my first couple of days driving my new truck. It's a 2022 Freightliner Cascadia. Listen to hear about what I like and don't like about it. I also talk about what is going on with the freight market and how to make the most of it so you are successful now and even more successful in the future. Impact Tip Make sure your company is financially ready to hire a driver. Drivers are the most important thing in your business. The correct timing for hiring them is critical. I give my 2 cents about doing it smartly.
25 minutes | 2 months ago
#72. February Financials
As always, for this and all past episodes, click through for the full show notes. February was a great month and another month with some big changes. Listen to the podcast to hear all about what it going on. What To Expect From Episode 72 Here are the numbers for the month. Total miles ran – 16,320 Deadhead miles – 663 (4.06%) Total revenue - $31,925.18 All-in rate-per-mile - $1.96 (In line with January, still a pretty good rate for February) In the end Haulin Assets realized a profit of $7,713.76. You might notice that I am no longer including the number of days on the road. That's because with two drivers, and soon to be more, that metric is no longer as meaningful. Impact Tip Do quarterly draws. Once you are ready to take profit from your company, don’t do it every month. Do it once a quarter. Doing so accomplishes two main objectives. Listen to the episode to hear what they are.
29 minutes | 2 months ago
#71. Go On the Offensive
Check out the full show notes and drop a comment at HaulinAssetsLLC.com John Steinbeck said: "The purpose of fighting is to win. There is no possible victory in defense...The sword is more important than the shield and skill is more important than either. The final weapon is the brain...All else is supplemental." What To Expect From Episode 71 I recently stepped into a new role in the Utah Army National Guard and the process I take when I start a new role got me thinking about two things, using your brain and going on the offensive. In this episode Craig and I dive deep into how using your brain and having an offensive mentality can have a positive impact on your business. Impact Tip Establish an emergency fund. How much depends on you and your business. I think $10,000 for your first truck is a good start. As you grow you probably don't need as much per truck because the chances of having two trucks needing a major repair at the same time is slim. I explain this concept a little better during the episode, so be sure to listen.
22 minutes | 3 months ago
#70. January 2021 Financials
January was another pretty good month. Mike was on the road more days than ever before, and you can see he was able to get in a pretty good number of miles. Listen to the episode to hear all the details. What To Expect From Episode 70 Here are the numbers for the month. Total miles ran – 12,929 Deadhead miles – 451 (3.49%) Total revenue - $25,575.32 All-in rate-per-mile - $1.98 (Not as good as December, but pretty good for a January) Full days on the road - 25 (Busiest month ever) Partial days on the road – 4 In the end Haulin Assets realized a profit of $6,554.69. Impact Tip Be intentional about what you do with your money. Every dollar needs to have a purpose. You have a certain amount of money set aside for fuel, a certain amount for maintenance and repairs, a certain amount you pay your drivers and if you are an O/O, you should pay yourself a certain amount. One of my biggest pet peeves is when business owners use their business as a personal piggy bank. It’s a terrible practice.
29 minutes | 3 months ago
#69. Big Changes Coming
There are some exciting changes coming to Haulin Assets. Check out the full show notes and drop a comment at HaulinAssetsLLC.com What To Expect From Episode 69 Haulin Assets has been pretty stagnant for the last year. So what is the problem? It's me. With everything I have going on, I just don't have the time, and if I am being honest with myself, the energy to do what it takes to make it grow. There are two common ways to solve that problem. I could hire someone to run and manage the business or I could bring on a partner. We chose the partner route for a lot of different reasons. Listen to the episode to find out why we decided to go the partner route and what the partner we chose brings to the table. Impact Tip Be careful with merchant cash advances. They can really blow up in your face. They look like a loan, but technically are not a loan so there are not many rules and regulations protecting you. Listen to the end of the episode to learn a little more about them, including how to recognize them. FMCSA On-Duty Not Driving Yard Moves The FMCSA is proposing a change to the yard move HOS rule. I like the changes and give my opinion at the beginning of the podcast. The comment period ends on February 3, 2021. Go to this link and tell the FMCSA what you think https://beta.regulations.gov/document/FMCSA-2020-0118-0001 Here is the comment I submitted: I think yard moves should be any move on private property that is less than 20 MPH. It would also be fair to include public roads adjacent to private property. It is common to be parked on a public road that is used exclusively for access to a private shipper or receiver as you wait for your turn to be loaded/unloaded. It would be nice to be able to use yard move as you drive from your parking spot to the dock where you will be loaded/unloaded, as long as you can safely maintain a speed less than 20 MPH. The private property would also include truck stops so you can move from the fuel island to a parking spot without using drive time.
14 minutes | 4 months ago
#68. December Financials
Check out the full show notes and drop a comment at HaulinAssetsLLC.com December was a great way to end a very challenging year; it was one of our best months of the year. Numbers all looked really good and there wasn't much out of the ordinary happening. Listen to the episode to hear all the details. What To Expect From Episode 68 Here are the numbers for the month. Total miles run – 8,719 Deadhead miles – 481 (5.5%) Total revenue - $21,400 All-in rate-per-mile - $2.45 (Best we have ever had) Full days on the road - 15 Partial days on the road – 3 In the end Haulin Assets realized a profit of $6,040.36. Impact Tip Don't use your checking account balance to decide if you’re making money or have money to spend. This is a huge mistake, listen to the episode to find out why and learn more.
34 minutes | 4 months ago
#67. Introducing Impact Tips
Check out the full show notes and drop a comment at HaulinAssetsLLC.com I'm going to start including what I call an Impact Tip of the Episode with every new podcast episode. I am hoping to share a simple tip that can be summarized in one sentence, but will be something you can implement in your business that will have a positive impact on it. In this episode Craig and I will introduce the concept. What To Expect From Episode 67 For a while, the Impact Tips will focus on finances. Finances are the foundation of a business. If your financial situation is weak, at best, the business will never reach its full potential, at worst, the business will eventually go under. I feel like the first tip is so important, I am going to focus an entire episode on it. Here is the tip: Impact Tip Make sure your personal finances are in good shape before you start a business. I know, this sounds like a no brainer, but listen to the episode and I bet you will learn about ways your personal finances affect your business that you'd never thought of.
27 minutes | 5 months ago
#66. November Financials
I want to go back to an average month, Novembers are not very kind to me. We had some issues in November and experienced our second month with a loss. It was a bit of a perfect storm, a lot of things happened. Listen to the episode to hear all the details. What To Expect From Episode 66 Here are the numbers for the month. Total miles ran – 7,490 Deadhead miles – 295 (3.9%) Total revenue - $14,625.31 All-in rate-per-mile - $1.95 (Skewed low because of a 5 day load that delivered on 12/1) Full days on the road - 13 Partial days on the road – 3 In the end Haulin Assets realized a loss of $2,717.11. Check out the full show notes and drop a comment at HaulinAssetsLLC.com
34 minutes | 5 months ago
#65. American Association of Owner Operators
Check out AAOO here: https://aaofoo.com/MCHQ In today's episode, Chris and Craig interview David and Kyle from AAOO, the American Association of Owner Operators. Together, they talk about what truckers can do on the road to better themselves both professionally and personally. Check out the full show notes and drop a comment at HaulinAssetsLLC.com
34 minutes | 6 months ago
#64. October Financials
Another average month. Revenue was actually higher than normal, but net income was about average. There were some higher expenses than normal. We'll go into some of the details. What To Expect From Episode 64 Here are the numbers for the month. Total miles ran – 11,694 Deadhead miles – 443 (3.7%, I think a record low) Total revenue - $23,550.01 All-in rate-per-mile - $2.01 (About like last month) Full days on the road - 19 Partial days on the road – 6 In the end Haulin Assets realized a profit of $2,631.57. Check out the full show notes and drop a comment at HaulinAssetsLLC.com
23 minutes | 6 months ago
#63. Don’t Succumb to Temptation
Making good money can be a blessing, but it can also be a curse. I have seen too many people in my career who have become blinded by a little early success and then ending up getting themselves into a lot of trouble. Craig and I talk about not falling into temptation when rates are really good and you are making good money so you avoid some pitfalls that commonly mean the end of companies that were once successful. Check out the full show notes and drop a comment at HaulinAssetsLLC.com
25 minutes | 7 months ago
#62. September Financials
Check out the full show notes and drop a comment at HaulinAssetsLLC.com In addition to talking about financials, we talk about adding a truck. I'm about 90% sure I am going to do it, so I have started to look for another truck, trailer and driver. Craig and I talk a bit about that. What To Expect From Episode 60 Here are the numbers for the month. September was an average month and that is perfectly okay with me. Total miles ran – 10,145 Deadhead miles – 687 (Two months in a row that it was low) Total revenue - $20,720.01 (Funny we keep ending on $0.01, listen to the episode lot learn why) All-in rate-per-mile - $2.04 (Hope we can do that every month) Full days on the road - 19 Partial days on the road – 5 In the end Haulin Assets realized a profit of $3,054.35.
34 minutes | 7 months ago
#61. Look to the Future
Check out the full show notes and drop a comment at HaulinAssetsLLC.com Or find us and reach out on facebook A couple of episodes ago I talked about being deliberate. One of the best ways to ensure you are deliberate in all that you do is to have a clear vision. All great leaders have a good vision. Whether you are an owner operator or the owner of a large fleet, you have to have a clear vision of the future if you want to maximize your success. What To Expect From Episode 61 Craig and I talk about what it means to have a vision and why it is so important for a business owner. Along with vision comes personal responsibility and doing the things that will help you realize your vision. I use an example of the old Briggs and Stratton engines I used when moving irrigation pipe when I was a kid to illustrate the point. At the end of the episode I also give my perspective on some of the new Hours-of-service changes that just went into effect. You can learn more about them here.
34 minutes | 7 months ago
#60. August Financials
Another month gone by and it was a unique month, we get into why. We also answer a couple questions from listeners at the end of the episode. What To Expect From Episode 60 Here are the numbers for the month. Craig and I go over them and talk about why the numbers are lower than normal. Total miles ran – 4,764 Deadhead miles – 199 (4%, I think that is my lowest ever) Total revenue - $12,440.01 All-in rate-per-mile - $2.51 (That number is very skewed because we delivered a load around the 1st, but all the miles were run in July, if you take that load out, the number is $1.98. Still the best we have seen in a while) Full days on the road - 8 Partial days on the road – 3 In the end Haulin Assets realized a profit of $2,136.93. To see the P&L and balance sheet, as well as full notes and past episodes, CLICK HERE.
42 minutes | 8 months ago
#59. Be Deliberate
Check out the full show notes and drop a comment at HaulinAssetsLLC.com Or find us and reach out on facebook It has always been a desire of mine to be financially successful. Since I was in my early 20's, I have had two big financial goals. The first was to have a net worth of $1 million by the time I was 40. The second is to be financially independent by the time I turn 50. I'm a very driven person, my wife both loves and hates that fact, and I have met the first goal and have 8 more years to achieve the second one. I don't tell this to brag, but in this episode I am going to talk about one of my habits that I think has had the biggest impact on my success and I hope it can help you out too. What To Expect From Episode 59 It's been a while since we have had an episode that focuses on the mindset of an owner operator. It's a reoccurring theme on this podcast, but the mindset of an owner operator has to be different than that of a driver. Over the years, I have gotten to know a lot of successful business owners, both in and out of the trucking industry. One thing that just about all of them have in common is that they are very deliberate in all they do. What does that mean? The dictionary defines deliberate as, "Done consciously and intentionally." In this episode, I use a lot of examples in my life that show how I have been deliberate in just about all that I do and how that deliberate mentality has impacted my success. We give some examples related to the trucking industry. I also show why that is an important habit to develop in order to realize your entire potential.
26 minutes | 8 months ago
#58. July Financials
As always, head to HaulinAssetsLLC.com for full show notes and documents from this and other episodes! Things seem to be getting better and better as the months go by, but we are clearly not out of the woods yet. July was better than June, and the freight market seems to continue to move in the right direction. Rates toward the end of the month were better than the beginning of the month. What To Expect From Episode 58 Here are the numbers for the month. Craig and I go over them and talk in detail about what made the monthly profit lower than we like to see. Total miles ran – 11,223 Deadhead miles – 931 Total revenue - $20,160.01 All-in rate-per-mile - $1.66 (Still not very good, but $0.10 better than last month) Full days on the road - 19 Partial days on the road – 5 In the end Haulin Assets realized a profit of $1,537.53.
33 minutes | 9 months ago
#57. How An Owner Operator Should Grow A Trucking Company
As always, head to HaulinAssetsLLC.com for full show notes and documents from this and other episodes! Chris and Craig tackle the topic of how (and more importantly, how NOT) to grow your company from one truck to more. The basic principle is this: Chris has seen too many owner-operators try to grow their company too fast, and to step away from a driving role too soon. Chris breaks down the numbers, showing how you can grow your company--and your fleet--in a sustainable, healthy way.
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