How much seed money????

Here's a good general rule of thumb. Enough funds to cover household expenses for at least 3 months minimum, and truck expenses for the same. That of course will vary from one household/operation to the next.

 

I started with nothing , which was stupid and I dont recommend it. If its possible I would say for the truck, enough money to rebuild the motor. Its the most expensive to fix, so you will be ok no matter the trouble. I agree with rollincoal, three months household expenses.

 

I would recommend experience first and foremost. There is no substitute for it. With the benefit of hindsight I can see many ways that I take for granted, things that came from experience. When you have some you'll be able to answer your own question.

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Your very right, hindsight truly is 20/20. I would have done things very differently starting out. But then again I wouldnt have the knowledge I have now.

I would give yourself a few years in the industry to learn the ins and outs. Find an O/O that will be willing to take you under thier wing and help teach you. It would be a good idea imo to lease to a company starting out.

 

What business have you run? Trucking can bankrupt you in a hurry if your not careful. The guys that typically do well are able to develop a couple of direct shippers, with no brokers involved. Some broker loads from load boards exclusively. Both have benefits. You can negotiate with most brokers to get good rates. But a lot depends on what trailer you haul and what lanes you want to run. If you find a good broker and do a good job for him, before long they will call you before you call thsm. You will need to be in a good enough position to go 30 to 60 days before being payed. Some brokers are faster. Also check a brokers rating before working for them.

When you want detailed info, you need to be detailed in what info you specifically want.

 

Everything else aside, a mere $20k for fuel will be about right to keep you rolling for 2+ months. You'll want to keep running and not have to wait for your customers to pay in order for you to refuel. If you are forced to wait for your accounts receivables to be satisfied in order to pay for fuel, then you'll be fighting against that lag time, and won't be available for the load opportunities that come to you cold, like brokers calling for your truck.

$20k for fuel
$15k for repairs
$5k for living expenses
$3k for emergency only
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$43k would put you in a fairly comfortable, stable spot. $15k for repair is not much, either. You can barely get an in-frame done for that, and that's shopping around, doing it at home where you're not stuck. Get stranded somewhere like Wyoming, and you're at the mercy of the one shop capable of doing a big job, within 200 miles. What happens if you exhaust the repair fund and end up needing a new turbo, or a head, or rears, etc. Then you're really screwed, and had better have decent credit for the loan you'll need to keep your business afloat. Don't ask me how I know this, haha.

 

given that.how much gross for that 3 month investment.Ball park? Return on investment ? Last co. I leased with fuel would be at between 20 an 25% of gross roughly so 20k fuel= 80k - 20k=60k net less all other expenses.Sound close or not ? Iam talking nd oil fields I hope