04.12.2023 - By Overdrive
If you haven’t checked in at OverdriveOnline.com lately, get over to the Partners in Business section for our newly-updated, 2023 edition of the owner-operator business guide of the same name: http://overdriveonline.com/pib
Weighing in at a grand total of 140 and more pages this year, the Partners in Business manual covers owner-operator business from start to finish, all the way from the basics of business planning before start-up to going independent, growing a small fleet and prepping adequately for a comfortable retirement.
New this year:
**A brief primer on avoiding -- and combating -- the huge rise in double-brokering of the past few years
**Further resources on saving taxes and gaining business management dividends via the S Corp tax filing structure for LLCs.
**Updates on lending markets given the rise in borrowing costs for new and used equipment purchases of the last year
**New strategies for how to approach fuel surcharges as an independent, and maximize efficiency whatever your operation, given 2022's historic fuel-price inflation
**New ways to protect your business and personal data from wholesale identity theft running rampant
**Updates on planning -- and saving -- for retirement.
And more. Today, sit back and listen in on our live seminar from the Mid-America Trucking Show’s Pro Talks stage that was held Friday, March 31. There’s a full video of session available at OverdriveOnline.com, but we wanted to make sure the podcast listeners had a window on it. Here's a link to the video and News Editor Matt Cole's report from the session: https://www.overdriveonline.com/business/article/15382511/how-to-boost-profitability-in-challenging-times-the-extra-load
And here's a link to where you can download the slide deck to follow along with the audio in the podcast: https://www.overdriveonline.com/partners-in-business/document/15382515/partners-in-business-presentation-at-mats-2023
Those slides feature huge amounts of data from business services firm ATBS on cost, revenue and income performance on average for owner-operators clients in the last year. ATBS is Overdrive's longtime partner on the Partners in Business project, and a Vice President there, Mike Hosted, presented at the seminar with our own contributor and longtime owner-operator, now retired from the road, Gary Buchs. Buchs also serves as mentor to aspiring and current owner-operators with an eye toward helping them sharpen their business performance.