Owner-Operator Budget and Projections

Why Cash Flow Projections and Budgets Are Critical to Your Success

A budget serves as a road map to help you get from where you’re at today, to where you want to be with your business tomorrow.

Sometimes that road map shows you that you should have smooth travel to your destination, and sometimes, the road map shows you that you simply cannot get there from here based on the facts at hand. In either case, utilizing objective and factual information, the budget will help you create solid financial expectations for both your business and your personal needs.

OOBT will help you get your expectations closely aligned with the facts allowing you to make successful decisions

An Owner-Operator budget exercise with OOBT will help you…

• See projected financial results – We can help before making a life-altering commitment to a truck purchase and/or before leasing on with a particular carrier.
• Understand the “Revenue Pie” – Mileage (Loaded & Deadhead), Percentage Pay, Fuel Surcharge, Accessorial Pay, etc., with all segments measured on a “per mile” basis as well as a percent of total revenue.
• Recognize and Measure the Details –  There is a lot more to consider than just fuel, tags and insurance. OOBT will help identify the less prominent yet inevitable expenses. No more, “they didn’t tell me” or “I didn’t know” when it comes to income, deductions and out of pocket expenses
• Establish benchmarks – To help you stay on track with all that you want and need to accomplish. You’ll be able to compare your actual results against the budget and make needed adjustments accordingly.
• Understand Fixed and Variable Expense Impacts – Understand the effects from both a cost per mile (CPM) and on a percent of revenue basis.
• Understand the “break-even point” in your business – Know your benchmarks and where you need to be in any scenario
• Identify Future Expenses – dollars that need to be put aside weekly in order to pay impending expenses: Taxes, Repairs & Maintenance, FHUT, etc.
• Earnings to Expenses Projections – Project how well net earnings will cover your personal expenses.
• Peace of Mind –  Understanding and managing the numbers will bring peace of mind instead of wondering what your check will be like on a week to week basis.

Contact Us

Owner-Operator Budget and Projections can be complicated, let us take the pain out of it for you and provide a convenient and useful way to improve your Owner-Operator business. Contact us by phone above, or through our contact form and we’ll get you set up on the road to success.