Failed the 1st time

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

  1. SteveScott

    SteveScott Road Train Member

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    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.
     
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  3. black_dog106

    black_dog106 Road Train Member

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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.
     
  4. Tug Toy

    Tug Toy Road Train Member

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    Lol we got a guy, same thing. Constantly complaining about work and pay while driving company. Bought a truck and doesn’t work because no one pays enough to turn the key?

    He took all the government money handed out this year and haven’t left the yard since March.
     
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  5. 062

    062 Road Train Member

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    :bootyshake:
     
  6. TallJoe

    TallJoe Road Train Member

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    In what time period and how is that failure decided? That 85 should be accompanied with time to be more meaningful.
    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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  7. kimbosa

    kimbosa Medium Load Member

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    I think if it's in your crawl! Do it. And you didn't fail the first time. It just didn't work out. People fail that never try. Go for it.
     
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