Are there any books out about becoming an owner op in Canada

Put it this way, most owner operators will tell you that they never had to pay taxes the last few years. Those tax returns is all you need to see.


The only people that don't pay taxes are people that don't make any money.

 

Kevin Rutherford has written about it... its more of a course than a book. I don't know how totally applicable it would be for someone running in Canada. Just Google his LetsTruck website, and look for the link to the store.

 

Ok. So you want to be an O/O.

From a business standpoint look at it this way.

You'll invest 50, 000 plus in equipment.
You'll most likely have to have some level of downpayment.
You'll invest around 4000 man hours operating the equipment.
You'll operate that equipment for the first 30 days with no cash flow from your client.

You're client will have full access to your assets with no money in escrow and no output of cash for the first thirty days.
Where on this planet is your customer going to find that type of financing option elsewhere than you?

Companies love brokers because they assume 100%of the liability all the while working for a fixed rate based solely on usage.

Now try walking into the dealership and saying "I need a truck.....zero down....oh.....and I am only willing to pay you for it when it is actually in use". They'll laugh at you.

Unfortunately drivers plug themselves into this system everyday and call themselves businessmen.

Ask any one of them if they have an escrow account with the company they're leased to.
Any real business man would never exspose themselves to the types of liabilities that brokers do on a daily basis for such marginal returns.

Go buy lottery tickets......its a better investment.