What the heck is it? By default, it cannot be much else but about hauling goods and getting paid.
Define it.
Give me examples. But don't bother with trivialities such as: be prepared financially, do the due diligence when buying a truck, research the freight market, when leasing to a company check on them first., etc.
My impression is that most of success stories are not the result of some algorithmic execution of a business plan but spontaneous, sometimes lucky, turns of events combined with a personal courage, which may or may not have anything to do with work ethics but more with boldness, ruthlessness and no fear to gamble with one's peace of mind.
What's a business plan?
Discussion in 'Ask An Owner Operator' started by TallJoe, Feb 26, 2021.
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Mostly fiction.
bzinger, Flint1, Rideandrepair and 1 other person Thank this. -
My plan. Book a load. Deliver. Get paid. Repeat.
Never had a plan on paper.
On a bad day. Do what has to get done to make to tomorrow.
On a good day. Enjoy the ride.
On a great day, bank it, cause you know a bad day is. Coming.KullenTrucking, Roger McG, Midwest Trucker and 11 others Thank this. -
Here's what I did, take what you want from it.
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clausland, 86scotty, RocketScott and 7 others Thank this. -
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Bringing more money in the front door than goes out the back.
MTN Boomer, KullenTrucking, mp4694330 and 14 others Thank this. -
Its not how much money you make, its how much you keep.
MTN Boomer, KullenTrucking, Midwest Trucker and 8 others Thank this. -
MTN Boomer, xsetra, bzinger and 1 other person Thank this.
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Midwest Trucker, bzinger and tommymonza Thank this.
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Once you get a Business plan, I think you need a Mission Statement. Then money magically falls into your pockets. Lol. Real answer send $9.99 and a SASE to PO Box..... Otherwise, I’m sure Kevin Whatshisname has the answer.
Dave_in_AZ, T.Rucker, Deere hunter and 3 others Thank this. -
This.
But I would quantify all this with numbers right down the fuel economy of the truck.
The amount of days you can go without a load and stay afloat
Contingency plans for downturns like moving your operation to a better market . This in particular if I were a lender, I would love to see that on paper because it shows a higher level of commitment. As a lender I might not even know that was an option if logistics is not in my wheelhouse.
When you write stuff down like this , you also get to figure out the limits of what you are willing to do. Many people have trouble visualizing all the potential twists and turns the future may hold . Helps to write it all down.
If you are a seasoned veteran , you can hold all this in your mind without any problem and the only reason to write it down is to get a loan.KullenTrucking, Midwest Trucker, gentleroger and 4 others Thank this.
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