I am busy, very busy. Picking up 120-140 a month with 1 truck and starting to think about a second truck, but along with a another truck comes payment most likely, maintenance and salary for some one to drive it and more fuel, tires, etc.
what I am most curious about is as a percentage how much of gross revenue do you spend on labor? fuel? lot? Do you have a general rule of thumb for how much labor should cost for example?
Admittedly I do not know my numbers like I should, something I am going to work on. I would say that payroll is pretty close to 30% which I think would be about average and I think with running spotter cars I probably use less fuel than most, but you never know till you compare with peers.
I know many of you on here are much bigger companies than mine, but the percentages should stay pretty close to the same.
I just want to make sure before I invest in another truck and more salary that I am not way off in other areas so that I don't get in a bind or regret growing.
what I am most curious about is as a percentage how much of gross revenue do you spend on labor? fuel? lot? Do you have a general rule of thumb for how much labor should cost for example?
Admittedly I do not know my numbers like I should, something I am going to work on. I would say that payroll is pretty close to 30% which I think would be about average and I think with running spotter cars I probably use less fuel than most, but you never know till you compare with peers.
I know many of you on here are much bigger companies than mine, but the percentages should stay pretty close to the same.
I just want to make sure before I invest in another truck and more salary that I am not way off in other areas so that I don't get in a bind or regret growing.
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