Yea that seems like the route I am going with. I have a mentor and I’m still researching this industry and will continue researching for a while. I’ve been a company driver for 7 months so far and I’m not planning on becoming an owner op and leasing on with a company for at least for another year so I have time to build capital, learn more, and wait for prices to go down. And starting off slow and knowing I’ll never buy a new or used truck let alone rent. I’ve heard leasing from a dealership is the better move and then leasing on with a company
Starting Own Trucking Company Under Own Authority Advice
Discussion in 'Experienced Truckers' Advice' started by derekl56, Mar 23, 2022.
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If you go to www.OOIDA.com you can get a lot of advice from them..
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I like your idea of becoming an owner operator first, gain experience, get a tractor ( and trailer if needed acquired ) and pay for them both.
If you lease to a fairly small company (less than 10 trucks), you will be close enough to management to watch over their shoulder and see how they are doing things.
A good company driver is competent at driving, managing his time, and being good with the customers and other stakeholders
A good owner operator adds maintaining the truck and watching those expenses carefully
An individual who is running his own numbers adds finding loads, managing cash flow and profit and loss, staying compliant (legals), and several other small business related duties.
BTW, your personal finances and situation needs to be under control. This endeavor is going to consume 125% of your time. If you have relationships, mortgage etc, it is all going to suffer. If you are alone, it will impact no one but yourself. When you are rich and famous, then we will talk about it...
Good Luck.
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