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You are here: Home / Truck Tractor Trailer / Accounting for Seasonal Fluctuations in Your Trucking Business

Accounting for Seasonal Fluctuations in Your Trucking Business

October 17, 2022 By New York Truckstop Leave a Comment

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Running a seasonal business is always tricky. Even if your business runs all year, having periods that are busier and periods that are quiet is hard to manage. You need to be able to balance your workload at all times, no matter how large it is, and keep your finances in order. Many trucking businesses have to deal with seasonal fluctuations, often getting busier during important holidays or at other times, depending on which industries they’re linked to. If you struggle to manage the seasonal fluctuations of your business, there are things you can do to ensure you can stay on an even keel all year.

Make Use of Temporary Drivers

Temporary workers are often key to running a business that experiences seasonal differences. When you might not need the same size workforce in July as you need in December, it doesn’t make sense to have permanent employees all year. Instead, making use of truck driver leasing can be a lot more useful. You can take on the drivers that you need when you need them most, without having to make any permanent hires. An external company will handle the employment side, and you benefit from using their services.

Seasonal Trucking

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Know Your Busy Periods

It’s always important for seasonal businesses to know when they’re busy and when they’re not. You don’t want to be taken by surprise by a sudden increase in business or by a quiet period that leaves you with too many resources and not enough money coming in. If you’re not sure when you’re busiest, you should take a look at your past finances and other records to determine when you typically have more business. Even new businesses can do some market research to find out about their likely busy periods so that they can be prepared.

Get the Right Support Staff

Hiring enough drivers is always important for trucking businesses, but it’s also necessary to consider other staff. When business is booming, you also have to have the appropriate support staff to deal with the office side of the company. You need people who are going to be taking care of sales, admin, customer service, and other essential work. These might be hired on a temporary and seasonal basis when you need more support, but it’s also essential to have a core team that can help to keep the business running all year. You need people who know the business and can provide guidance for temporary workers.

Diversify Your Services

If your business struggles due to seasonal changes, you might be looking for ways to increase your income. One of the ways you can do this is to consider diversifying so that when one of your services isn’t getting much business, another service can help to pick up the slack. Diversifying could include targeting different industries and launching new services to gain new clients and plug the gaps.

Seasonal trucking businesses can be challenging to run, but there are various things that can be done to make them more manageable.

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