Haulin Assets

#91. Annual Planning for 2022


Listen Later

Planning for the coming year is one of the most important things you can do for you company. My brother Chet is going to cringe when he reads this, because he hates over used cliches, but I am going to use it anyway. If you fail to plan, you plan to fail. Or a the very least, you are not going to be as successful as you could have been. Over the years I have become a big fan of planning. It's not my favorite thing to do, but I have seen how much of a positive impact it has had on all of my businesses over the years. I attribute a lot of my success to annual planning. If I break it down by how much time I spend doing it vs the benefit it brings, it is probably the most valuable thing I do. Let me say that again, it is the most valuable thing I do. That's saying a lot.

What To Expect From Episode 91

My philosophy with planning is that you should only have 2-3 big goals for the year. These should be very impactful for your business. If you have too many, you'll get spread too thin and either won't do them all or you won't do any of them very well. Each goal will typically have 3ish tasks associated it. We have done some of the main planning for Haulin Assets for 2022 and I want to share with you our main goals and their tasks.

  1. Grow by 5 trucks
  1. Decide Direction
  1. Owner Operators or Hired Drivers
  • Purchase, new/used
  • Brand of trucks and trailers
  • Work on Financing
  • Make sure we are able to attract and retain quality drivers
  • Improve Scalability
    1. Start using a TMS (Transportation Management System)
    1. Evalute different TMS's
  • Implement the one we choose
  • Use a better method to track and issue driver pay
  • Establish direct shipper relationships (Probably 3rd or 4th Quarter)
    1. Create an outline with targets and dates to accomplish this goal (1st quarter)
  • Hire someone to help us build relationships and possibly start a brokerage
  • Improve our financial strength (This one doesn't really take much time, but is incredibly important so I want to make sure we have it as a defined goal)
    1. Savings
    1. $15,000 in operating capital per truck
  • Build savings to 10% of outstanding debt
  • Accomplish 1 & 2 before we take any distributions
  • Pay down debt
  • In this episode, Craig and I go into more detail about planning and we talk about the Haulin Assets goals for 2022.

    Impact Tip

    Just Do It. Annual planning is not the most fun or glamorous thing you will do in your business. I would argue that it is one of the most important things you can do and possibly the most important thing you can do. Make it a priority and do it!

    ...more
    View all episodesView all episodes
    Download on the App Store

    Haulin AssetsBy Motor Carrier HQ

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    304 ratings


    More shows like Haulin Assets

    View all
    The Ramsey Show by Ramsey Network

    The Ramsey Show

    38,704 Listeners

    The Joe Rogan Experience by Joe Rogan

    The Joe Rogan Experience

    225,807 Listeners

    Under The Hood show by Nordstroms Automotive Inc.

    Under The Hood show

    692 Listeners

    The EntreLeadership Podcast by Ramsey Network

    The EntreLeadership Podcast

    4,342 Listeners

    The Dale Jr. Download by Dirty Mo Media, SiriusXM

    The Dale Jr. Download

    9,152 Listeners

    Paranormal Mysteries by Nic Ryan | Paranormal Mysteries Podcast

    Paranormal Mysteries

    1,953 Listeners

    Bedros Keuilian Podcast Show by Bedros Keuilian

    Bedros Keuilian Podcast Show

    2,232 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    562 Listeners

    Front Row Seat with Ken Coleman by Ramsey Network

    Front Row Seat with Ken Coleman

    2,526 Listeners

    UNSHACKLED! Audio Dramas by UNSHACKLED! - Pacific Garden Mission

    UNSHACKLED! Audio Dramas

    310 Listeners

    Ranching Returns Podcast by Jared Luhman

    Ranching Returns Podcast

    214 Listeners

    Barn Talk by This'll Do Farm

    Barn Talk

    1,567 Listeners

    Trucking Business & Beyond by Kevin Rutherford

    Trucking Business & Beyond

    34 Listeners

    Freight Nation: A Trucking Podcast by Truckstop

    Freight Nation: A Trucking Podcast

    83 Listeners

    Concrete Mama: The Podcast by Unincarcerated Productions

    Concrete Mama: The Podcast

    76 Listeners