Ive been driving tri-axle and end dump for 5 almost 6 years. Im looking in to purchasing my own truck. Ive got contacts in the landscape industry and in the bulk aggragate so finding loads shouldnt be an issue. Basicly my question is, is it woth it with all the paperwork and the other B.S. at the end of the day are you happy that your an O/O
Is it worth it???
Discussion in 'Ask An Owner Operator' started by countryboy1365, Mar 27, 2012.
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You're the only one that's going to be able to answer that for yourself, because it depends on what you're looking for out of owning a truck, and whether or not those wants outweigh the burdens and risk.
countryboy1365, BigBadBill and SHC Thank this. -
never thought of it that way
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As far as being "worth" it, define "worth" for yourself. If you are talking straight up financially, that is a very easy scenario to cover. Take your worst case revenue scenario and subtract your worst case expense scenario (including the pay your getting now +20-40% depending on the benefits you receive working for someone) and see what the profit is? Is worst case worth it?
Now, add in billing, compliance, maintenance, and keeping the truck booked. Is it still "worth" it. Sometimes having freedom can allow a lower profit margin, however if you're only hauling for a couple local places, you can be at their beck and call and easily lose that same freedom or they'll call someone else.countryboy1365 Thanks this. -
In this economy; I would wait. Work for someone not 'connected' would be sparce. You should be able to do some maintenance work yourself. Shop, tools and equipment, etc. Just my two cents.
countryboy1365 Thanks this. -
thanks for all the great advice yall. I think i need to do more research before i jump into any thing.
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Contacts fuel sur charge expetations number of loads there are good contracts but few and far between these days make shure there s enuf work to keep you going
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other then my contats what is the best way to find bulk loads is there a broker for something like that. All the ones ive talked to were either flat loads or van stuff.
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A lot of us make a very good living at this, so don't take it as we're discouraging you. However, the above statement can't be repeated enough.
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I'm not getting discouraged at all, nor am I ready to jump head first into anything with out being able to make and informed decision.
The problem i have is i worked for a large construction company ( they have aprox 900 mack trucks ranging from 1960's to new) and mostly haul their own product so finding work was not an issue. I don't have a complete grasp on the management side of things I was basically a take this here with this truck guy with some dispatching.
I have business management classes so i do have the basic knowledge just not the business specific knowledge of FMCSA requirements and operations and the like.
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Every month 400 people find a job with the help of TruckersReport.