Curious --Trucking Business

Big picture is: Lots of people make money in the trucking business and lots do not. Set a plan on paper and work the plan. When you deviate outside the plan you risk losing money. Plan on paper= a budget reflecting all expenses and all income = proforma. Know your $/mile that you have to sell a load for, driver pay/mile, insurance/month, miles per month (realistically per truck), overhead (office, phones, salesmen, etc), license, tags, depreciation, truck payment.....etc.....throw it into a big ugly spread sheet, set your formula's.

This is the money side. Now how are you going to hire and keep employees and drivers? They have to want to stay at your company and its not all about money. How are you going to sell truckload? What does that sales process look like? How much do you pay a salesman? How many appointments with traffic managers before they call you for pricing? 2? 3? How are you going to hire, pay, and train a salesman? How are you going to hire, pay, verify training of a driver? Have the job description for every position in writing before hiring them. Adjust from there. Work one dynamic at a time. set the financial, sales, company culture plan, work the plan. What is your business structure? I recommend a corporation. what if you have an employee that careens into a school bus full of kids? An llc has its limits (note the pun)

This is all the fun part, seriously, i love this part! Now dig in and make it work! All that said, I am embarking on the same adventure you are. I have done all the above and then some and I still have butterflies. Just trying to help. Each one of these aspects and questions have many rabbit holes to go down. Many, many different ways to skin that cat. How do you eat an elephant? One bite at a time...

Good luck, I love entreprenuership

 

Start with leaning how to drive a truck so you understand what is really going on.