“When starting our own business, Fleet-Tax Services knowledge of the industry helped us know what was needed, when and how to do it. This was invaluable to us and still is as everything is kept up to date and enables us to focus on what we need to do without the stress and expense of missed deadlines and documentation. We appreciate the quick and dependable advice as well.”
Maureen / Crossroad Transportation Services / Stoney Creek, Ontario
“Thanks Fleet-Tax Services for all your hard work throughout the past 10 years!! It’s nice knowing you have someone you can count on to
get the job done.”
ConCreate USL (GP) Inc.
CannAmm Testing has now partnered with Fleet Tax Services to handle drug testing services in the Grimsby Ontario area. Our location at the Fifth Wheel Truck Stop makes a convenient location for those in transportation that may need truck access to a facility. For more information please visit the Fleet Tax website at www.fleettaxservices.com
Fleet Tax Services in Grimsby Ontario is now an official testing site for Millennium Compliance Services. We now handle all the drug testing for Millennium in the Grimsby Ontario area. Located at the Fifth Wheel in Grimsby there is plenty of truck parking and our convenient location means you will be on your way in moments.
As I meet many owner operators in my travels many of them have lofty ideas of starting their own small fleet of two or three trucks. There is nothing wrong with that dream and since I am a big goal person I would rather work with someone who has goals than to work with those that have nothing planned out for the future. Having specific goals are great and that is the way everyone should work. It allows you to focus your business on items that will help you attain your goals. There is one problem for those of us that are extremely focused, sometimes we can grow too fast and cause more problems than needed. Adding trucks onto your business will drastically change the dynamics of how you operate, the amount of investment required, and develop roles in the company that you may be handling all by yourself.
Think about it, right now you are the owner, the office manager, the dispatcher, the driver, the janitor, the mechanic, and any other job you can possibly find for yourself. Once you start adding other people into the mix the dynamics change and that can make you take on positions you weren’t planning on. For instance think about expanding your fleet to just one truck. You now have to hire another driver which will now add payroll duties, possibly dispatch (if you are totally independent) vacation fill in and so on. You may still be driving and able to handle that but your administration work will double with two trucks possibly causing you to outsource it.
Let’s assume you move to two extra trucks, you may find you are starting to work outside of the truck. That’s fine if you are planning on that but if you wanted to continue to drive it may be an area you are uncomfortable with. At this point you may also need more administration staff and depending how your business is set up you may find yourself now doing sales to find enough work for the trucks. You may also have to start adding more overhead to your business, parking issues, maintenance issues, and office space can add more overhead than most people plan on.
Now going back to the beginning of this article I don’t want to scare you. Many of these issue may go away depending on how you are operating your business. If you’re leased on with a carrier then maybe parking, maintenance, dispatch, and sales may not be an issue. Bookkeeping and other office administrative tasks can be outsourced. The trick is to have a plan in place of how you will handle expansion.
Planning is the best thing you can do for your business and your future.
About the Author
Bruce Outridge is a business and leadership consultant for the transportation industry. He helps Owner Operators run successful businesses. For information on Fleet Tax Services please visit www.fleettaxservices.com which helps independent operators set up their operating authorities among other services.
Coming up next Tuesday September 18, 2012. Attend and get a copy of Bruce’s new release “Running By the Mile”
See Everyone there
Now that the summer is over we will be resuming our informal seminar series called “Ask The Expert”. The next program will feature a question and answer period with transportation consultant Bruce Outridge on things you can do to run your company profitably. Trucking companies are expense heavy operations and it is crucial to keep your eye on the ball in order to be profitable. To learn more and register for this free session please contact Fleet Tax Services or view the event poster below.