No… Cash is NOT KING… Cashflow is king.
Cashflow is simply the amount of money coming in versus coming out of the company. It is your inflow and outflow of cash.
If you have positive cashflow, this allows you to pay bills, reinvest into the business, and build a safety net for maintenance issues, low freight rate cycles, and more.
If you have negative cashflow, you can try to survive while living in debt and hope your negative cashflow doesn’t kill your business.
Our guest is Ken Goss – trucker, retired firefighter/EMT, and Safety Manager at George A. Kint, Inc, as well as a board member of...
There are a lot of things you need to actually start your trucking business. So, lets split this into three compliance sections: business compliance,...
When you’ve spent 43 years behind the wheel as a professional driver, you’ve seen just about everything this industry can throw at you —...
