Speed is sure good when you’re on a plane traveling 500 knots (575 mph) and you’re prepared for your well awaited vacation.
But, is speed good when you’re running a trucking company?
Just as growing to slow is pernicious to your success, growing rapidly is as well.
Moving at the speed of sound may work for the Lockheed SR-71 Blackbird jet, not for our business processes.
Growing to fast makes it difficult to handle the expenses that incur before revenue is produced.
Your top 3 expenses are:
- Driver payroll
Can you afford to pay those items for the next 45-60 days?
You may have a net 30 payment option. But, realistically it may take longer when all processes are complete.
It’s better to stay efficient versus over booked and breaking promises you’ve made to your clients.
Remain an efficacious entrepreneur and own the Day!