Tom Jackson (TLC)Tom Jackson is the executive editor of Equipment World magazine and has been writing about construction and related fields for 26 years. A 1979 graduate from the University of Alabama, Jackson is also a U.S. Army veteran and a father of two.BusinessFirst Lesson: O&O Compact ExcavatorsNovember 29, 2013BusinessStep 3: O&O Compact ExcavatorsNovember 29, 2013BusinessStep 2: O&O Compact ExcavatorsNovember 29, 2013BusinessStep 1: O&O Compact ExcavatorsNovember 29, 2013BusinessHow To Calculate Skid Steer Owning & Operating CostsPeople who work with big equipment have a saying: “You can be going broke in this business and not know it for six months.” And the one cost that can be very hard to gauge, if you’re a small contractor or new to this business , is the owning and operating cost of your equipment.November 25, 2013BusinessFourth Lesson: O&O Skid SteersDo the math. The big boys do. That’s how they got big.Put everything into a spreadsheet and rigorously and regularly analyze and refine your numbers. This will give you valuable insights into how your business is doing, prevent you from over or under bidding, even help you spot fraud. Remember: If you don’t know your […]November 25, 2013BusinessThird Lesson: O&O Skid SteersUnit costs are a great analytical tool. Take your machine O&O costs per hour, apply that to how many hours it takes to move X amount of dirt, lay X amount of stone or gravel, what have you. Then add whatever your costs are for materials in unit costs as well–yards of dirt/gravel, square feet […]November 25, 2013BusinessSecond Lesson: O&O Skid SteersMoney never sleeps. If it isn’t making you money, it’s costing you money. If you buy stock in a company and after a few years it quits growing or paying dividends, you get rid of it. Right? The same is true of equipment. Letting equipment sit idle is like stashing money under a mattress.November 25, 2013BusinessFirst Lesson: O&O Skid SteersYour operator is always going to be your biggest expense. * Invest in training for productivity improvements * Enclosed cabs, newer equipment help retain quality employees and keep them productive. * Match the machine capabilities to the job. You don’t want an underpowered machine-that’s another waste of labor time. * Quick attach work tool systems […]November 25, 2013BusinessRule 3: O&O Skid SteersNovember 25, 2013Previous PagePage 6 of 9Next PageTop StoriesHomeTop-selling new and used construction equipment in the first half of 2025What are the hottest new and used financed construction machines? Find out in the latest data from Fusable's EDA.HomeTop 12 things to see and do at Equip Expo 2025HomeBobcat’s largest, most powerful compact track loader, the T86Home2026 Nissan Frontier revealed: 4 trims, 2 cabs, 2 beds, lots for off-roadHomeThe history of Labor Day