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Ep. 17 // Running the Numbers: Bill Wettstein, CFO
We’re running the numbers in this episode. Ben Virkler, from our IT department, shares their team goals to produce quality project deliverables and facilitate a smooth GeoTab transition. Plus, we feature Nussbaum CFO Bill Wettstein and unload ESOP, projections, and company growth.
Spring Clean Your
Inbox
Raise your hand if your inbox could use a good spring
cleaning. Ben Virkler and the IT team did just that to support their 4DX WIG.
Have you noticed a cleaner inbox? Send a thank-you note to the IT team because
they whittled automatic emails down from 65,000 to 20,000 per week!
GeoTab Questions?
Now they’re your go-to for the new GeoTab system. Their goal? Make the transition as easy as possible. If you have your new GeoTab, you’ll be hearing from the IT department soon for a one-on-one chat!
Navigating the
Numbers
With 18 years as Nussbaum’s CFO, Bill Wettstein has helped
navigate Nussbaum through everything from temperate waters to tumultuous waves.
Overseeing accounting and sales is in his job description, but he broadens it
to reach every employee individually.
Mainly, probably my favorite part, is just spending quite a bit of time with employees from all the departments and learning what their joys and fears are and seeing what we can do different.
Keeping the Engine
Running
Bill’s pushed Nussbaum through some scary times. Take a step
back in time and relive times of transition and uncertainty and how crisis only
pushed management and employees to knuckle down and get creative. That’s what
keeps this company running – outstanding people who strive for success.
Bill: At that point we were pricing freight to make bank payments, not to make money.
Phillip: Ouch…
Bill: Yeah, that was interesting.
Talking ESOP
You heard it here first – the valuation is complete, and our first ESOP statement is arriving in May! The first year is exciting but wait ‘til you hear Bill’s projections for the future. You may have to pull over because the shock and excitement could be too much!
It’s very exciting – it could be a huge wealth-building tool. It’s like working for yourself, having an ESOP, and it’s like owning the house, rather than renting it.
Quotes
“Mainly, probably my favorite part, is just spending quite a
bit of time with employees from all the departments and learning what their
joys and fears are and seeing what we can do different.”
Bill: At that point we were pricing freight to make bank
payments, not to make money.
Phillip: Ouch…
Bill: Yeah, that was interesting.
“Crisis leads you to think out of the box.”
“This is just a benchmark. Now we go from here, and we need
to drive that number up.”
“This number here is just basically the starting point.”
“It’s very exciting – it could be a huge wealth-building
tool. It’s like working for yourself, having an ESOP, and it’s like owning the
house, rather than renting it.”
“It’s always this angst over have we got this timed right,
is everything going to come together again? It’s more of an art than a science.”
Phillip: What are you focusing on?
Bill: Are you asking what’s stressing me out today?
“We often talk miles per day; I’m liking revenue per day
more. If we get the revenue per day right, we can make the pay right for the
drivers – I’m convinced of that.”
“Does that mean we need more freight? Does that mean we need
to better manage the freight we have? Does it mean we have the wrong freight that isn’t meshing well?”
Pictures
Links
- ESOP Brochure
- CFO With a CDL
View all episodes
By Nussbaum Transportation
4.9
2121 ratings
We’re running the numbers in this episode. Ben Virkler, from our IT department, shares their team goals to produce quality project deliverables and facilitate a smooth GeoTab transition. Plus, we feature Nussbaum CFO Bill Wettstein and unload ESOP, projections, and company growth.
Spring Clean Your
Inbox
Raise your hand if your inbox could use a good spring
cleaning. Ben Virkler and the IT team did just that to support their 4DX WIG.
Have you noticed a cleaner inbox? Send a thank-you note to the IT team because
they whittled automatic emails down from 65,000 to 20,000 per week!
GeoTab Questions?
Now they’re your go-to for the new GeoTab system. Their goal? Make the transition as easy as possible. If you have your new GeoTab, you’ll be hearing from the IT department soon for a one-on-one chat!
Navigating the
Numbers
With 18 years as Nussbaum’s CFO, Bill Wettstein has helped
navigate Nussbaum through everything from temperate waters to tumultuous waves.
Overseeing accounting and sales is in his job description, but he broadens it
to reach every employee individually.
Mainly, probably my favorite part, is just spending quite a bit of time with employees from all the departments and learning what their joys and fears are and seeing what we can do different.
Keeping the Engine
Running
Bill’s pushed Nussbaum through some scary times. Take a step
back in time and relive times of transition and uncertainty and how crisis only
pushed management and employees to knuckle down and get creative. That’s what
keeps this company running – outstanding people who strive for success.
Bill: At that point we were pricing freight to make bank payments, not to make money.
Phillip: Ouch…
Bill: Yeah, that was interesting.
Talking ESOP
You heard it here first – the valuation is complete, and our first ESOP statement is arriving in May! The first year is exciting but wait ‘til you hear Bill’s projections for the future. You may have to pull over because the shock and excitement could be too much!
It’s very exciting – it could be a huge wealth-building tool. It’s like working for yourself, having an ESOP, and it’s like owning the house, rather than renting it.
Quotes
“Mainly, probably my favorite part, is just spending quite a
bit of time with employees from all the departments and learning what their
joys and fears are and seeing what we can do different.”
Bill: At that point we were pricing freight to make bank
payments, not to make money.
Phillip: Ouch…
Bill: Yeah, that was interesting.
“Crisis leads you to think out of the box.”
“This is just a benchmark. Now we go from here, and we need
to drive that number up.”
“This number here is just basically the starting point.”
“It’s very exciting – it could be a huge wealth-building
tool. It’s like working for yourself, having an ESOP, and it’s like owning the
house, rather than renting it.”
“It’s always this angst over have we got this timed right,
is everything going to come together again? It’s more of an art than a science.”
Phillip: What are you focusing on?
Bill: Are you asking what’s stressing me out today?
“We often talk miles per day; I’m liking revenue per day
more. If we get the revenue per day right, we can make the pay right for the
drivers – I’m convinced of that.”
“Does that mean we need more freight? Does that mean we need
to better manage the freight we have? Does it mean we have the wrong freight that isn’t meshing well?”
Pictures
Links
- ESOP Brochure
- CFO With a CDL