By the time you get set up again, the spot market could crap out. There is never a good time to get in, and there is never a bad time to get in. How much you have in the bank, and how good your business plan is are the only things that matter. You saw what an old truck and trailer cost you the first time. Will you repeat that mistake, or can you afford to buy newer equipment? The failure rate is so high in this business not because of market trends, but because of people getting into it who don't know what they're doing.
Failed the 1st time
Discussion in 'Ask An Owner Operator' started by Seaport chuckie, Sep 9, 2020.
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Know a guy, complained constantly about working his butt off, driving everyone else's truck, making them the money. He had enough! He quit, bought a truck. Couple weeks into it complained no one is paying......lasted 2 months.
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He took all the government money handed out this year and haven’t left the yard since March.94coupe, feldsforever and Brettj3876 Thank this. -
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I understand business failures are ultimately defined by financial insolvency to be able to continue operations so if someone backs off in time to do something else, it is not entirely a failure.
For instance, if someone had neither good nor bad run for a few years and was able to provide for his family but then decides to close and start something more lucrative then it isn't a failure at all.Last edited: Sep 10, 2020
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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