Small business tracks savings with cheap high tech
http://www.globetechnology.com/servlet/story/RTGAM.20050922.wxtracks0922/BNStory/Technology/
Make an extra $500 a day? Sure, sounds good, doesn’t it? However, you’d be surprised how many small business owners can’t see the forest for the trees.
Here’s a nice article about a small, family-owned business who were able to do simple math. Instead of sending trucks and drivers out to visually see if the bins they needed to haul were full … and letting the trucks drift elsewhere if it wasn’t time for a pickup yet _at_$75_per_hours_!, they invested in low cost technology that costs about a dollar a day per truck.
No matter what the size of the business, saving $75 a day (or more) for a dollar a day is a no brainer, but sadly many business men think that the object of their business is only to spend nothing. Clue: you can save 100% of your business cost by just going out of business, but I don’t think that’s the most desirable way to proceed.
Wise investments can really pay off in real dollar terms, not to mention the fact that this form is now a recognizable leader in their field … that’s certainly worth something in intangible bucks.
The trucking industry is really challenged by fuel prices, environmental rules, hours of service regulations and a host of other challenges. The way to cope is to figure out ways to improve the bottom line within the scope of existing problems.. you can’t make $1 a gallon fuel come back no matter how hard you wish.
Move cautiously, demand proof, compare systems and service, but do _something_ … and for the trucking industry that _something_ is tracking your assets … no one who ever made a well-researched decision has lost money yet and the future just seems to be wide open for expanding profits as well.
It’s often been said that one makes their own luck … work on improving yours today.
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