i didn't say one is a pita...i said more then 4 would be....i'v hired employees before, not drivers, but i have had employees working for me before. I know it can be trouble some, but if I find the right ones and pay the right wages I can make it work.
($300k) To lease or not to lease? that is the question!
Discussion in 'Ask An Owner Operator' started by g&cinvestments, Feb 7, 2014.
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Yes but an employee at mcdonalds can burn a burger break a register steal some food etc a driver can cost you dot fines insurance deductables and god forbid take out your entire rig and get you.sued maybe better to just buy gold or run drugs
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Just send me the 300 G's and Ill get your trucking company going for you :smt096
whoopNride and DriverToBroker Thank this. -
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g&cinvestments Thanks this.
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Fears on drivers' intentions (non desired habits) are a common point among all the thread subscribers, I ask; which industry has a 0% presence of bad/wrong/fool/ intended employees? Someone mentioned Bill Gates worked in a garage workshop and began from there to where he is now a days, but didnt he work for Jobs and stole part of his ideas? Without going away from the initial conversation, besides finding the right company to lease to, hiring drivers under a structured recruiting process, which additional position would you create for your investment sanity? Supervisor, coordinator, Senior Driver?
Let me put it this way, if I can make this work in a period of 1 year, meaning I see numbers I will have tens, perhaps hundreds of small investors willing to trust my firm know how in the U.S trucking industry. I havent mentioned yet, but my main purpose is not to earn dollars to spend dollars, dollars will become a less valued currency which represents a more than a decent profit. Did I make myself clear? In other words the profits made will go out of the U.S. after taxes and will represent much more that they do in the U.S. -
Richter, dad went through a strange period in his life, nuts if you know what I mean. He called me up and told me he was think of putting in a television production studio. Great if we lived in a town that had a television channel within 100 miles. I told him no, so he bought the equipment. $500,000. That was back in the three tube camera days and 3/4 inch tape. Time base corrector's and such. He would take three people and do a wedding, spend 30 hours on post production and then sale it to the folks for 200 dollars. He also did the still photography and charged real world prices there.
The reason I drive a truck has nothing to do with money. Long story.
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Like above, in Bill's excellent and informative post, when he suggested to leverage the investment in trucks with financing to see a worthy return -- I cringed. There is no way I would use debt to start a new business, especially in trucking.
This economy is still on life support, in my opinion. Our leaders, still, are short-sighted and naive.
I own and operate one truck without leverage. I make a living. I have the ability to expand, but won't because I don't see solid economic ground to step onto. As a little guy, I would be wiped out with the smallest mistake.
The only investments I have now: I'm long gold ETF, double short SP500, long gold & other metals miners, and am always looking for small bank owned raw land properties.
Invest more in trucking? No. -
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