Profile For Dan T.

In my research, I found many O/O's that were willing to disclose their profit and loss statements for the preceding year with candid announcements. Everyone has different home life bills and everyone must file taxes, but I cannot get a barometer of financial health from statements intended for the IRS that do not include GAAP and internal accounting language (which I know I cannot find online). Example: An O/O might claim $60,000.00 in fuel expenses when reporting to the IRS, but may have received a fuel surcharge from the company he was contracted to, with no IRS requirement to report that. If his bottom line, net income was only $20K for the year, but the company he was contracted to paid for 50% of his fuel, then his true net was $50K for the year...According to his wife (who spent it all anyway). I am wading through the reports and stories to see what the managerial accounting looks like. How much will the wife REALLY get to spend, if any?

If one has high business acumen and a large amount of capital, what is to keep one from generating a respectable cash flow as an O/O? Call me Beelzebub, but there must be a reason that some people succeed at it. Is there a basic template to follow? I am curious about becoming an O/O as well.