#20. Understanding Cost Per Mile

This is another topic that's important enough that we'll revisit it a few times over our first year or so. Cost per mile is a vital number to know for your business, and if you know it, you've already got a leg up on about 80% of the other owner-operators out there.

So why do you need to know your cost per mile?

• It helps you make important business decisions
• It ensures you take the right loads
• It helps you know if you're spending too much in certain categories, like fuel or repairs

What goes into cost per mile?

• Number of miles you drive
• Your fixed costs and variable costs

Knowing the difference between fixed and variable costs will really up your game as a business owner, and that's what we'll discuss on today's episode.

Check out our Cost Per Mile Calculator at MotorCarrierHQ.com. And visit the Haulin Assets website to hear previous episodes and view full show notes.