Question about investors in the trucking business

I’m not going to say you won’t succeed. Excessive capital to start is a plus. BUT I would TOTALLY FORGET about that buddy investor. You will almost guaranteed lose a friend and likely a business if he sees it starting to sink and withdraws his share. Buy a truck, run it til you see a profit, then add more as you can afford them, as the work becomes available, and as you can find good drivers. The last one there is gonna be the hardest part

 

What breed? I my wife raises some registered dogs

 

If you can start and run without him, do it. And keep him out, if the market improves you won’t need him anyway. If he cannot accept no for an answer, he will be an awful business partner. As far as borrowing money, use the bank. If they say you can afford something, they have full faith you can. A private investor is more easily buffaloed into losing propositions. If the bank says you can’t afford something, accept it, and do your crying in private. I have personally experienced both sides of that equation, with commercial lending and private lenders, and trust me, you will be better off IF YOU AT SOME TIME NEED AN INVESTOR if you stick with a bank

 

does the OP think a driver is going to take care of his truck. doubtful