Stressed!!! Please help my anxiety.

No.

But it's not hopeless. You should have made some contacts by now. Reach out to them and chat them up. If that goes well, they'll remember you and load you.

Regardless, you will now have to put yourself out there and sell. It gets easier with practice.

I bet right about now you're thinking what a great deal that 10% was LOL

 

If I were you I would hire someone to do all your paperwork for you...or get your broker license and broker your own freight...75% we dont get the real quote on the load anyway...but yea I would pay a family member or someone business minded to help you through until you get stuff under control...

 

Welcome to the real world. Best get to filling those packets out I guess.
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Your carrier was your credit reference, did all your broker paperwork, IFTA, invoicing, factoring for $20,000 a year? Not a bad deal.

 

I have a standard form that I use to send to people who want me to fill out their credit packet, which This is just a word doc with all the info people usually ask for, this satisfies the need 90% of the time. I assume you could do same with carrier packet.

 

I'd say you had it pretty good at the other place, too. But surprised that some of the companies you mention wanted your authority to be active for so long - maybe you do flatbed or something other than van. I only reactivated my authority in August after years of it being dormant and I work with JB, Coyote, CHR, and a lot of smaller brokers and some did require a month or even three, but plenty to work with out of the gate. Yes, the packets are a pain...and your insurance company will be busy sending out certificates to most of the companies, but it can be and is done all the time. Just time consuming, that's for sure. My multi-page printer and scanner has been well worth the small investment. Big difference is I don't drive....so, like others said, get someone to do a lot of that stuff for you, will help with the stress. Might consider joining NASTC or OOIDA, they can assist with the permits/paperwork, fuel taxes, compliance and all the other assorted crap that is required of you now. As I said, that 10% was a really good deal....

 

10% I believe is right on the money for a quality owner operator. If you take a quick pay of 3% say, now you are really only ahead 7% over where you were before ... Were they also floating you a fuel card while waiting for payment to come in so you can continue rolling? It is a lot of paperwork for the monthly/quarterly filings .. but once you get it down there is no real need to pay other people to do it. Is your end goal to eventually have drivers or owner operators under your name so you can drive the desk?

 

It's just gonna take time no matter how you slice it. If you're on sound financial footing just rough it for 3-6 months and in no time it'll be behind you. So what if you miss out on a load because you aren't set up. You never missed one when you were set up? Wasn't the end of the world right? Besides, when you do this on your own you may find out it's not so wise to quickly set up with whoever ASAP. Are you on a first name basis, have worked regularly for, any particular JB Hunt agent? Talk to them about possibly doing some power only loads, that will get the one year thing waived with them. I'm not saying go exclusive to JB Hunt under your numbers. Just do a few PO loads for them, discuss it with an agent. There are ways around the "must be in biz a year" with most any of them. If you are on a first name basis with a LS agent(s) they can waive that and get it approved on a load by load basis no problem. Talk to the people you know at these different brokerages.