Do not allow others to take a large portion of profits.
Smarter transportation business operations starts with having a strategy. There are core areas of business development that can help you preserve more of your hard earned profits. Say “no” to those providers that dig into the “Bottom Line”.
There are a lot of areas that put pressure on a transportation business. From government regulations to the cost of financing, you can lower net profits or even be operating in the red. Take control with Advanced Business Builder. Take steps to improve margins.
TARGET AREAS FOR IMPROVEMENT
Financing Transportation Business Operations
If your goal is for “Smarter transportation business operations”, you need to take a look at how your industry is financed. Many hard-working owner driver’s run into issues as they are squeezed by both the customer (or Broker) and financing.
Some of the transportation financing models involve:
- Invoice Factoring
- Equipment Financing
- Fuel Factoring
- Merchant Cash Advance
- Small Business Administration lender programs
- Business Credit Line
- Accounts Receivables Financing
- Corporate Credit Cards
- Term Loans
All these types of financing have their place in business development. The key is to receive the right terms that make sense based on your financial ratios. Every business has a different structure.