Welcome Unyime.
What I heard you say was, "I hate having money and happiness and I think I've found the quickest way to eliminate both from my life. I'm going to jump head first into a cutthroat business I know absolutely nothing about and see what happens."
Listen, you need to get a few years experience in the industry before you lay money on the table and try to compete against those guys. This is a brutal industry. You can lose a lot of money in a hurry. You have to learn both the driving side and the business side if you want to have a prayer of getting anywhere with it. I personally wouldn't dream of telling someone to start their own trucking business without at least a couple of years of driving and a couple of years in the offices learning how a trucking business operates.
It's all rather complex and risky. Get a few years of experience in the industry before you try something like that.
Unyime, Reading your post took me back a few years when I was assigned my truck and began running solo. At that very point in time I had about 25,000 miles of experience. The first three months were extremely challenging, lots of mistakes managing my clock, finding empties, and learning the Qualcomm. Good news I didn't break anything but avoided many close calls.
Obviously I got through it and learned how to run my truck. You see there is a huge difference between driving a semi and actually learning how to run one to maximize your earning potential. The learning curve is steep and unforgiving.
My sincere and emphatic suggestion is to learn on someone else's dime. The big carriers are experienced and well equipped to teach you the basics and prepare you to run solo. Take advantage of it, knowing the worst thing that could happen is you conclude it's not for you as opposed to dealing with financial disaster.
Read Brett's Book to get a truthful and unfiltered summary of the trucking business.
Good luck.
Operating While Intoxicated
If you are not going to be driving then I would not do this. I have seen a couple of guys do this in the 80's and it didn't go well. If you will be driving start out with a company
How does a truck driver make a million dollars? Start with 2 million.
I think you guys are misreading his post. It sounds like he has no desire to drive, he just wants to own the trucks and "contract them out" to a trucking company.
That being said, this is a ridiculous idea. For one thing, profit margins are way too slim to provide decent profits for the company, the driver, the brokers, and you on top it. And who would be the one responsible for all the maintenance and repairs? My guess would be you.
You'd be better off stuffing your cash in a mattress and forgetting about it. At least that way you won't lose any.
I think you guys are misreading his post. It sounds like he has no desire to drive, he just wants to own the trucks and "contract them out" to a trucking company.
That being said, this is a ridiculous idea. For one thing, profit margins are way too slim to provide decent profits for the company, the driver, the brokers, and you on top it. And who would be the one responsible for all the maintenance and repairs? My guess would be you.
You'd be better off stuffing your cash in a mattress and forgetting about it. At least that way you won't lose any.
That's what I read also. Sorry but this is just a really bad idea
I think you guys are misreading his post. It sounds like he has no desire to drive, he just wants to own the trucks and "contract them out" to a trucking company.
That being said, this is a ridiculous idea. For one thing, profit margins are way too slim to provide decent profits for the company, the driver, the brokers, and you on top it. And who would be the one responsible for all the maintenance and repairs? My guess would be you.
You'd be better off stuffing your cash in a mattress and forgetting about it. At least that way you won't lose any.
That's what I read also. Sorry but this is just a really bad idea
Sorry, my mistake. All the more reason "not" to do this. At least if he drove for a while he would begin to learn the business.
Since nobody else took the opportunity. If you're that serious about throwing away a couple hundred thousand dollars, please contact me because I'll gladly take it off your hands lol. I promise to spend it wisely (pay off my house, my Pete, spoil my wife, daughter and furry family members)
Operating While Intoxicated
Since nobody else took the opportunity. If you're that serious about throwing away a couple hundred thousand dollars, please contact me because I'll gladly take it off your hands lol. I promise to spend it wisely (pay off my house, my Pete, spoil my wife, daughter and furry family members)
Ladies and gentlemen The Dragon has spoken.
Operating While Intoxicated
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I am a complete newbie... never owned and never drove a truck. I am looking at buying a couple of trucks and placing them with a trucking company.
I live in Houston, Texas... can anyone, please, offer some thoughts on
1. The trucking companies to contact (possibly in Houston)? 2. Will they accept truck without driver... or must I provide driver with truck? 3. Any other advice you feel would be useful in my quest?
Thank you so much, everyone.