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Need help with a business plan

Discussion in 'Ask An Owner Operator' started by Antler, Feb 23, 2011.

Page 1 of 2
  1. Feb 23, 2011 #1
    Antler

    Antler Bobtail Member

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    Jan 11, 2010
    0
    I'm still around and still wanting to become an owner/operator! I have talked to several companies lately and can get several rates. One company is very serious and is offering $1.13CAD per mile for loads under 52,000lbs, and $1.17CAD per mile for loads over 52,000lbs, with all O/O averaging 10,000 miles or more per month.
    How do I put this into a business plan for a banker? I've looked everywhere online for business plan templates, but cannot find anything where a owner/operator hires his truck under the authority of another company.
     
    Antler, Feb 23, 2011
    Antler, Feb 23, 2011
    #1
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  3. Feb 23, 2011 #2
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

    10,373
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    May 28, 2009
    Rancho Mirage, Ca.
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    I would say you need to show the banker dude some facts, such as, initial cost of your truck, fuel cost (current and projected), fixed costs, such as registration, insurance etc. How you plan to pay for repairs if needed, how much you have in savings right now for back-up, how much you need to pay expenses monthly, such as food, rent, utilities etc. and the company you will be leased to with proof. And your experience level will help too.
     
    Allow Me., Feb 23, 2011
    Allow Me., Feb 23, 2011
    #2
  4. Feb 23, 2011 #3
    canuck in da truck

    canuck in da truck Road Train Member

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    check on ooida web site--not sure if it is what you are looking for--it isnt a real business plan that you would take to the bank--but it might help some
     
    canuck in da truck, Feb 23, 2011
    canuck in da truck, Feb 23, 2011
    #3
  5. Feb 23, 2011 #4
    Patricksgirl

    Patricksgirl Light Load Member

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    Jan 26, 2011
    Toronto, Ontario or South Dakota
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    You will need to add facts such as fuel surcharge in the offerings etc. Also whether you will be solo or a team. Facts like that go a very long way.
     
    Patricksgirl, Feb 23, 2011
    Patricksgirl, Feb 23, 2011
    #4
  7. Feb 23, 2011 #5
    Antler

    Antler Bobtail Member

    28
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    Jan 11, 2010
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    Oh I know what goes into a business plan. Any and all business plans I can find for a trucking business is for someone who goes into the business with their own authority and finds there own loads, their own customers, etc. I'm basically looking for someone who has come up with a business plan who did or had planned to hire right on to another company, and see exactly how they wrote up their business plan.
     
    Antler, Feb 23, 2011
    Antler, Feb 23, 2011
    #5
  8. Feb 23, 2011 #6
    Flying Finn

    Flying Finn Heavy Load Member

    972
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    Jun 22, 2010
    Ontario, Canada
    0
    You have to do what I did with mine. Alter one of the existing trucking ones to suit your situation. Use it as a guide only.

    I ran numbers on mine being conservative on mileage income and liberal on the expenses side. Knowing full well that if it will not work in the spreadsheet then it will not work in life.

    At only $1.13 I sure hope you are getting a good fuel surcharge as well as not being deducted every pay period for the plates and insurance. You really need a copy of the lease contract in order to make sure you can account for every expense and piece of income. The more you can get, the better off you are.
     
    Flying Finn, Feb 23, 2011
    Flying Finn, Feb 23, 2011
    #6
  9. Feb 23, 2011 #7
    10 speed

    10 speed Light Load Member

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    Aug 3, 2010
    Alabama
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    Contact SCORE http://www.score.org/resources They have retired businessmen that will help you write a business plan no cost you.
    Good luck!
     
    Last edited by a moderator: May 2, 2011
    10 speed, Feb 23, 2011
    10 speed, Feb 23, 2011
    #7
    rookietrucker Thanks this.
  10. Feb 23, 2011 #8
    Antler

    Antler Bobtail Member

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    Jan 11, 2010
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    Fuel surcharge is 90% of average. Insurance is my own responsibility.
     
    Antler, Feb 23, 2011
    Antler, Feb 23, 2011
    #8
  11. Feb 25, 2011 #9
    BigBadBill

    BigBadBill Bullishly Optimistic

    4,599
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    Oct 2, 2010
    Chattanooga, TN
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    Does that rate include FSC? With all the talk in the news over the years about how bad fuel has hit trucking companies I would add a section on FSC - how it is calculated, history, etc. That is by far going to be the biggest factor in your expenses that you have no control over. So by point that out and showing how it is controlled you avoid that objection.
     
    BigBadBill, Feb 25, 2011
    BigBadBill, Feb 25, 2011
    #9
  12. Feb 25, 2011 #10
    Old Man

    Old Man Road Train Member

    4,597
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    Apr 3, 2009
    Oklahoma City, OK
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    What kind if ins?
     
    Old Man, Feb 25, 2011
    Old Man, Feb 25, 2011
    #10
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