Hiring Timing Matters for Small Firms

This is a news story, published by Yahoo Finance, that relates primarily to John Sutter news.

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average driver payroll cost

FreightWaves

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Business

Business & Economics

When to Hire and When to Wait in Your Trucking Business

Summary

Nutrition label

59% Informative

Too many small carriers hire too early, chasing growth without the freight to back it up or the systems to support it.

Hiring has to be a strategic decision, not a hopeful one, says John Sutter .

Sutter: Hiring a driver without knowing your cost per mile is like trying to win a race without knowing where the finish line is.

When you're operating profitably, consistently, with cash flow that supports 60 days of payroll, hiring is the right call.

If you’re still heavily dependent on load boards, still running inconsistent freight, or still managing everything out of a single spreadsheet, hiring isn’t going to fix it. It’s going to break it faster. Wait if: - You’ve got unpaid invoices that are 30+ days old .

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Informative language

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informal

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English

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not hateful