50 10-4 Magazine / May 2025 current payments and could you take on more responsibility in the near future? Does your banker even know who you are or what your options are? There are a few of you with a blank stare on your faces. One of the pitfalls of modern online banking is the loss of personal service. If you went to the financial institution of your choice, would they know you? And not just your account number, but you, the business owner? This is a serious question if you have any intention of expanding your current operations or seeking future business opportunities that will require additional funding. It is of the utmost importance they, your bank, are on board. Many of our readers are O/O’s and most of them are financed through their lease company or one of the larger manufacturers lending institutions. This is not the same thing as having a personal banker. Just because your bank doesn’t hold the lien on your truck doesn’t mean you should not be in contact with a loan officer. This is one more choice you have to advance your business to the next stage. There are many reasons to be connected with them. The most common use is for major repairs or upgrades to existing equipment. Not too many years ago, you could purchase a reasonable tractor for $50,000. Today, that’s the cost of just a new engine. Most single truck owner operators don’t have cash reserves to cover that and still have any reserves for lesser repairs. I’m no financial advisor and I don’t recommend taking advice from your buddies over a couple cold ones, but I use my personal banking staff to recommend potential avenues or options to achieve my financial goals. Remember, money is their business. They are also an excellent sounding board for your ideas when seeking information about business opportunities when the time comes to change. Change can be a scary thing if it’s done for all the wrong reasons. But, through planning and preparation, most of the negative effects can be eliminated or at the very least reduced down to an acceptable risk. We are hearing positive messages from most of the government agencies, and they are now talking about big things to come in the near future. I’m not sure when or “if” the money will start to flow, however, we are getting the message that plans for expansion in the manufacturing sector are in motion. How soon before these new projects will turn dirt I don’t know. I’m leaning on the side of prior preparation prevents missed opportunities (or something like that). For those of you wondering if I followed up on the potential lead for more and different work, yes, I did, and through the process of a chance meeting I made the choice to change things up. So, if you see me strolling with a new, shiny tanker, don’t forget to wave. If by chance good fortune shines on your path and you choose to intervene in your own life, the choices you make now can and will change the direction of your work, your personal satisfaction, and your finances, too. Chance, choice, change. It’s all up to you, 10-4. n 909-452-8064 • www.dcrinconline.com We also have the equipment for your crankshaft needs! 10557 Juniper Ave. Unit M, Fontana, CA 92337 DIESEL CAMSHAFT REPAIR “Best in the West for Over 40 Years” Exchange Available • Hablamos Español • PU & Delivery SPECIALIZING IN: CAT • CUMMINS • DETROIT • VOLVO
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