Failed the 1st time

Discussion in 'Ask An Owner Operator' started by Seaport chuckie, Sep 9, 2020.

  1. Seaport chuckie

    Seaport chuckie Bobtail Member

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    Has anyone ever attempted to be an owner op and failed at it ? I’ve tried it before I had my own authority with old equipment 10k truck 10k reefer trailer.I had a lot of maintenance issues from the start so it didn’t last long maybe a year.so I’ve been a company driver for a 4yrs now and I’m getting the feeling to step out again.Should I just step out there again? This time I have the capital and credit to get good equipment.help me out please no trolling.
     
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  3. blacklabel

    blacklabel Heavy Load Member

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    Might wait till after the election and holidays
     
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  4. Ridgeline

    Ridgeline Road Train Member

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    Just remember this number 85.

    the industry average of failures is 85%.

    so if you want to take another swing, remember what your mistakes were and try not to repeat them.
     
  5. Lite bug

    Lite bug Road Train Member

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    85% failure rate, dang. I had no idea about that rate.
     
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  6. Atlanta trucker

    Atlanta trucker Road Train Member

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    What does your business plan look like ?
     
  7. blairandgretchen

    blairandgretchen Road Train Member

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    Good call! Let’s see the plan.
     
  8. Tug Toy

    Tug Toy Road Train Member

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    I’m all about starting with inexpensive equipment but, a $10k reefer sounds like a death notice?
    Van or flatbed yes, but cant imagine much good comes from a cheap reefer.
     
  9. 86scotty

    86scotty Road Train Member

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    Only way I would ever pull reefer is if it was company/contract freight. I can't imagine reefer as an O/O. Sounds like a recipe for never sleeping nights and learning where every lousy and slow food DC is in the nation. Just get yourself a cheap van and get rolling. Heck, you can make an easy 1.25 a mile or so in this day and age. Go get em, tiger!
     
  10. Eddiec

    Eddiec Road Train Member

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    Thomas Edison and the Wright Brothers failed on their first attempts as well...
     
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  11. NorthEastTrucker

    NorthEastTrucker Medium Load Member

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    Yes, it happened with me in late '90's as I registered my business name & bough a older 'Pete'. Unfortunately, I was fairly new understanding O/O had my own Authority but understanding the aspects of the business was a challenge. Did a few loads whiles I didn't receive proper payment for one then had a major breakdown without a significant reserve had to close shop. It was a learning experience but that was over 2 decades ago. I'm planning on becoming a O/O again but trying to wait out this covid19 situation as well as selling one of my houses. I have enough of a down payment for a 'New' truck (less headaches & issues) as well as a reasonable reserve. Much older & wiser with my wife also encouraging me too. Once things balance out in the North American economy I will be ready.
     
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