question about own authority

Landstar, Mercer, and Fed Ex are examples that I would say do pretty well.

 

These carriers that I mentioned started out just like every on else, with a dream.. The hard part is finding customers that will give you work, if an O/O can make money then he might have an interest in leasing to you, then the hard part will become "can you keep" the customers? Everyone that walks through the door is going to be hitting on your customers. Relationships are everything in this business, your relationships with your customers, your employers, your employees, your leased operators, your vendors etc. etc. It usually takes a sharp pencil and good relationships to make it in this business.

 

One step at a time, then another step, then another step. Only you can make that determination about your particular business. There are many questions involved, insurance, customers, income, payables, financing, business plan in general, only you have the answers to this about your particular circumstance. You are the one that has to set down with a calculator and decide whether it will work, put yourself in an O/O shoes, does it pay well enough for the circumstances involved to make it worth your while, if so, then someone else might see it that way also. Are you going to be able to pay the O/O promptly while your customer takes his time paying you? Will you be able to offer enough for someone else to consider leasing on to you rather that another company? Figured it out using your current circumstance, how long does it take to collect what you are owned, now multiply that times the amount of trucks that you are going to have leased to you, and then figure in the approiate interest that the bank will charge you for the use of the money until your customer pays. same way with motor carrier insurance, with each additional truck comes a higher premium. Then what happens when you can't seem to keep up with your job and the managerial duties? Time to hire office help, how much are you going to pay for that? On and on the questions will come as you work your way through the business plan. Just take it one step at a time, and always ask yourself, well what happens if this happens, all the way throught the planning stages. Then in the end you should be able to walk in the bank and convince the loan officer that your plan will work. One step at a time...