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Thinking to buy some trucks & open company

Discussion in 'Experienced Truckers' Advice' started by toomuchcash, Dec 1, 2013.

Page 3 of 6
  1. Dec 1, 2013 #21
    Guitar Man

    Guitar Man Medium Load Member

    553
    467
    Sep 29, 2006
    State Of Confusion
    0
    Now that's funny!!! :cool:
     
    Guitar Man, Dec 1, 2013
    Guitar Man, Dec 1, 2013
    #21
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  3. Dec 1, 2013 #22
    kwloo

    kwloo Medium Load Member

    336
    246
    Nov 3, 2011
    eh?
    0
    my wife was reading this post over my shoulder. Her response-" too bad he doesn't have a million, he could operate twice as long"
     
    kwloo, Dec 1, 2013
    kwloo, Dec 1, 2013
    #22
    OJTTrucker, mickeyrat, blairandgretchen and 1 other person Thank this.
  4. Dec 1, 2013 #23
    toomuchcash

    toomuchcash Bobtail Member

    4
    1
    Dec 1, 2013
    0
    That is true and i'm very well aware of it but as i stated in first post, my real profit lies somewhere else.
    My plan for beginning was like this:
    1: get around 10 trucks from a dealer with a discount on whole package, paid in cash
    2: recruit drivers through friends recommendations, people i can personally rely on, i'll pay a little more than industry average and bonuses
    3: get loads from boards like truckersedge.net and similar
    I know is not going to be easy but i'm not ashamed of learning, also my edge and true profit in this business lies somewhere else so my only concern with this scheme is not going in minus, negative deficit but i guess that would only happen when having a very bad luck :)
     
    toomuchcash, Dec 1, 2013
    toomuchcash, Dec 1, 2013
    #23
  5. Dec 1, 2013 #24
    Oi!

    Oi! Road Train Member

    1,233
    935
    Jun 20, 2011
    Florida
    0
    If I had half a mill I would pay cash for a home and go to sleep for a few months.
     
    Oi!, Dec 1, 2013
    Oi!, Dec 1, 2013
    #24
    luvtotruck and blairandgretchen Thank this.
  7. Dec 1, 2013 #25
    Ridgeline

    Ridgeline Road Train Member

    20,736
    101,047
    Dec 18, 2011
    Michigan
    0
    OK here is my advice,

    get realistic.

    That said - go spend about $40k into research and planning, do not do it yourself but go to a company like Plante Moran, Deloitte, Ernst and Young to have them do the work for you and set up a plan.

    get a law firm behind you, you will need it. pay their retainer and then use them to do all the legal stuff for you.

    Remember this is a highly competitive business and $500k with 10 trucks will drive the business into the ground. Just your back up cash will be half if not two thirds of that amount.

    it is obvious you are clueless about the industry so go get a CDL and work for a company first just to understand the basics - most bad and going to fail start ups are that way because the people at the top don't do what the people at the bottom do.

    Stop planning on trying to figure out where to get loads, what trucks to buy and if a dealer will give you a break. Just getting a loan may be hard to do, 10 trucks at $120k each will be $1.2M plus taxes and then you have other expenses for each of them.
     
    Ridgeline, Dec 1, 2013
    Ridgeline, Dec 1, 2013
    #25
    full speed, blairandgretchen and Dark_Majesty_06 Thank this.
  8. Dec 1, 2013 #26
    Tonythetruckerdude

    Tonythetruckerdude Crusty Deer Slayer

    2,904
    41,379
    Dec 8, 2012
    hunting...../ retired
    0
    DON'T FEED THE BEARS.......OOP'S TROLLS......even a rookie can see this is Jr in his Mom's basement with nothing better to do.....
     
    Tonythetruckerdude, Dec 1, 2013
    Tonythetruckerdude, Dec 1, 2013
    #26
    full speed, blairandgretchen and Cetane+ Thank this.
  9. Dec 1, 2013 #27
    Lepton1

    Lepton1 Road Train Member

    12,647
    25,584
    Nov 23, 2012
    Yukon, OK
    0
    I have a foolproof way to make a small fortune playing slot machines.

    Start with a big fortune....
     
    Lepton1, Dec 1, 2013
    Lepton1, Dec 1, 2013
    #27
    blairandgretchen Thanks this.
  10. Dec 1, 2013 #28
    gokiddogo

    gokiddogo Road Train Member

    8,781
    14,753
    Mar 5, 2012
    Ontario Canada
    0
    Want to buy my one truck company? It grosses 250k-300k a year ... For 0.5 mil it can all be yours!
     
    gokiddogo, Dec 1, 2013
    gokiddogo, Dec 1, 2013
    #28
    blairandgretchen Thanks this.
  11. Dec 1, 2013 #29
    yessir

    yessir Medium Load Member

    492
    223
    Apr 17, 2013
    queens, ny
    0
     
    yessir, Dec 1, 2013
    yessir, Dec 1, 2013
    #29
    full speed Thanks this.
  12. Dec 1, 2013 #30
    KE5WDP

    KE5WDP Road Train Member

    1,587
    1,030
    Mar 11, 2010
    Caddo Lake, Texas
    0
    Fake or Fail!

    Only reason why people go into business is to make money. MAKE MONEY. MAKE PROFITS. Why else go thru such expense? See you at the hunger line....
     
    KE5WDP, Dec 1, 2013
    KE5WDP, Dec 1, 2013
    #30
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