Give me the truth please...

Discussion in 'Ask An Owner Operator' started by Independent wanna be, Oct 18, 2012.

  1. Independent wanna be

    Independent wanna be Bobtail Member

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    Oct 18, 2012
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    I have been a male nurse for over 20 years and have a great job making almost 6 figures for (3) 12-hour shifts a week. I have always wanted to explore the trucking industry. I have money saved (over 100k) and have thought many time about the possibility of starting a trucking business. I of course would need to get my CDL. I could either buy a couple used rigs or 1 new one. I could employ other drivers and pay them a salary or really I would just want to broker my own loads and drive either long haul or local with a dump trailer on my other 4 days off each week. I am looking for an honest opinion from this forum as to whether or not any of you think this is a good idea and is their plenty of opportuity to make it work or not. Are the regulations and taxes as well as gasoline prices in the future prohibitive to this kind of business venture. The business aspects are easily covered since my significant other is a tax accountant and small business advisor. I am a hard worker and have always thought this might work and possibly be succesful. If 4 days a week hauling local or trying to secure loads out of state (NM) is not enough to make it worth owning my own rig, dont be afraid to tell me the truth. Thanks in advance folks!
     
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  3. Lilbit

    Lilbit Road Train Member

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    OK, first off, you would not be able to drive much while still working as a nurse. The time you work elsewhere counts towards the amount of time you can drive. It is possible to make it work as a business, but you would either have to hire someone to help you that knows the industry or spend some time in the industry yourself. It's practically impossible to get insurance to own and drive a rig without any experience under your belt. Just owning and putting someone with experience in the seat no problem, but you driving with no experience, good luck. You need to be able to book loads, and until you get some relationships built with some brokers, you'll be using load boards.

    The fuel prices are a bit of a problem, but it can still be done as long as you book freight that gives you a profit above your operating expenses. There is a lot that you would need to learn to make this work, and with absolutely no experience or background in the industry at all, it's definitely not going to be easy. You need to learn the regulations and understand them first.
     
  4. Mommas_money_maker

    Mommas_money_maker Road Train Member

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    Stay with what you are doing. Everybody, their brother and their cousin thinks the same crazy thoughts that you are having and why? You have to know this business in and out before you will make any money otherwise you will lose everything. I have seen (and others have too) many folks with no idea of the trucking business come and go, they usually cant make it a year and they always think and say "gosh, I didnt know it was going to be like this" You have no idea of what trucks and or trailers cost to buy otherwise you would save more money. This is not a get rich quick kinda business and it gets worse all the time with rising costs of fuel, tires, parts etc and of course the jerks that try and shove new regulations down our throats all the time.
     
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  5. snowwy

    snowwy Road Train Member

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    not to mention mega carriers cutting the rates. and repair shops jilting a truck repair for everything they can.

    don't be spending your money on something you know nothing about. like the above mentions. you'll lose everything.
     
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  6. luckytx52

    luckytx52 Light Load Member

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    I drove for an owner who had his truck leased on with CR England. He was a professional (disabled) airline pilot. He didn't have a CDL and hardly knew anything about the truck or trucking. So much to the extreme, when my team driver quit, he refused to adjust my pay to a solo driver rate. I felt bad for the guy and drove for him until I got another job.

    I called him about a year ago and he basically lost his butt because of drivers. He got talked into putting the truck on with a cattle hauling outfit and would lose a driver every time something broke on the truck.

    I plan on walking down the mini fleet path soon. But I also bring 10+ years of experience along with having driven for a couple non-driving owners, one successful one not so much.

    My .02 would be hire well qualified teams, lease on to a major company. Why? They have loads for teams. Hire locally so if and when your drivers quit there is an incentive to not leave your rig away from where you are.

    You're off to a good start by posting here. Feel free to PM me if you need anything.
     
    Last edited: Oct 18, 2012
  7. Iwllnotlaydown

    Iwllnotlaydown Light Load Member

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    Let me say its diesel not gas, lol, but yes you will do good if your smart , from your post I can tell your smart , but not only smart but you have a plan and it's not any plan , whether someone tells you yes or no you my friend already have a answer its yes , go for it to be successful one must take chances with your situation my god that's my dream, you wrote my dream situation I just lost a job due to my benifets and today it's officially , I am in a dream job , but you can make great money, also sorry for the dream crap it is way too funny though , but if I was you #### it I would do good , it's all about knowing the right people , that's your struggle not knowing the people to avoid and the little things , detention pay , but hey good luck , hope you go for it !!
     
  8. lorha1159

    lorha1159 Light Load Member

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    alright.......whos spiking the water supply?
     
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  9. Iwllnotlaydown

    Iwllnotlaydown Light Load Member

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    You know he is almost in a situation where he is close to retiring if he wanted you pick and choose loads and see the Country , you know it is a risky buisiness that man was right on a lot of people come go , it's not for the weak either , but you know I say no one takes any risk these days and that's what we are all doing wrong we need to all start taking more risks these politicians screwed things up and hard working American men and women always saved the day , so go for it , lmfao
     
  10. Brownsfan16

    Brownsfan16 Medium Load Member

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    Here's the bottom line. If you research everything you are going to need for expenses on a new truck and all the costs it takes to run this truck as a business then go for it if you have the money. I am trying to figure out how to do the same thing except I already have my license. I would suggest getting your license through a accredited truck driving academy/school type thing.

    I also want to drive the truck so the business side if I do this will be handled by other people. Right now a new truck goes for about 160K or so. It is suggested you have about 20 to 25K set aside for any repairs or miscellaneous expenses.

    The biggest obstacle is getting insured in the beginning.

    If you have the funds to go this route then go for it because it can be DONE if you know what you are doing going in.
     
  11. Keyster

    Keyster Light Load Member

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    If a trucker walked into a hospital and was made head nurse with no training or experience, how do ya think he'd do?
    If a nurse walked walked into a trucking business with no training or experience, how do ya think he'd do?
     
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