For individuals breaking into the trucking industry in hopes of becoming successful owner-operators, it is essential to familiarize yourself with DOT numbers and MC numbers. These are important credentials to obtain, necessary for the majority of trucking business owners. However, if you’re still in the early stages of drafting your business plan, you might be […]
Freight brokers play a crucial role in the logistics and transportation industry, acting as the middlemen that connect shippers with carriers. But how do you ensure that the freight broker you’re working with is financially reliable and trustworthy? The answer lies in checking a freight broker’s credit score, a vital step that could mean the […]
Cash flow is the lifeblood of business. It not only showcases the financial health of an organization, but it is also one of the primary variables that will help you decide how to prioritize your company’s next moves. There are a few different subsidiaries of the general cash flow term, such as net cash flow […]
Before arranging a transaction with a buyer, your prospective customers will likely want to negotiate the critical terms of the arrangement, such as any potential discounts, delivery timelines, and price. When this stage of the negotiation is complete, it’s typically considered good practice for your business to send an initial draft of the invoice to […]
