
Episode #104
Mike Riccio, Work the Plan: What Brokerage Owners Miss as They Scale
Mike Riccio, Founder of More Than Miles Consulting and Co-Founder of Open Road Ventures, joins Will Jenkins to talk about scaling a freight brokerage, building a business plan your team can follow, and preparing for growth or an eventual exit. Mike brings nearly four decades in transportation, including helping build Leonard’s Express and later working directly with brokerage owners through More Than Miles Consulting. He explains why owners sometimes need to slow down before moving faster, define where the business is going, reverse engineer the steps to get there, and stay focused when day-to-day problems start pulling the team off course. They also talk about getting employees connected to the bigger direction of the company, freight brokerage acquisitions through Open Road Ventures, succession planning, business valuation, partial exits, and what owners should think about before selling. CHAPTERS: 00:00 Meet Mike Riccio 01:05 Nearly 40 years in trucking 04:24 From family business to consulting 06:11 Helping brokerage owners avoid common mistakes 09:30 Why simple processes work 12:50 Setting the vision before scaling 14:42 Control what you can control 16:46 Turning goals into a plan 17:46 Slow down to speed up 19:05 Getting employees connected to the plan 21:39 Open Road Ventures and freight brokerage acquisitions 23:57 How the Open Road Ventures model works 29:48 Finding the right acquisition partner 35:36 Preparing for a partial or full exit FIND MIKE: Mike Riccio on LinkedIn: / mike-riccio-5a8a4bb More Than Miles Consulting: https://www.morethanmilesconsulting.c... LISTEN TO THE JOURNEY PODCAST: Spotify: https://buff.ly/4aTO9Lu YouTube: https://buff.ly/3UBLjFO Apple Podcasts: https://buff.ly/sEonaKX EPISODE CREDITS: Host, Will Jenkins Creative Director, Erin Sweeney Edited and mixed by Keenan McCarthy Music licensed through Envato LINKS: Be sure to follow and tag @JourneyDelivers on LinkedIn Instagram Twitter Facebook TikTok YouTube ABOUT THE JOURNEY PODCAST: Welcome to The Journey Podcast, where we talk freight, sales, tech, the market and everything in between. Hosted by Will Jenkins, CEO and Founder of Journey, this show pulls from years of building & scaling freight brokerages along with the work our team does with hundreds of clients. We break down how brokers grow, how teams sell, how leaders hire, and what it takes to perform at a high-level in this industry.

