Things to do as a lease operator before winter.

Newtrucker48 · Jul 24, 2016

Someone is trying to dig so they can work on personally attacking me. I assume next they will be asking who do I lease with so they can sleep better at night after attempting to belittle everything I say from here on. But alas, it is a futile search. I've never posted whom I'm leased to. Just trying to save you guys some time cause I've seen it done in other threads. Kind of sad really.

donkeyshow72 · Jul 24, 2016

It trucking lady, not a military invasion.

Newtrucker48 · Jul 24, 2016

donkeyshow72 said: ↑

It trucking lady, not a military invasion.
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I see what you did there but nope not falling for it. I've made my point and gave my reasons

Newtrucker48 · Jul 24, 2016

It must truly eat at the lease haters who say it can't be done successfully seeing people doing so.

donkeyshow72 · Jul 24, 2016

How about throwing some numbers out for the haters?

Newtrucker48 · Jul 24, 2016

donkeyshow72 said: ↑

How about throwing some numbers out for the haters?
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Don't need to, it's like arguing with someone who will never admit to being wrong. We have all been there. Had someone asked earlier before all the crap thus far I would have. I've done it before at Raven. But now, no. I will not, as the parable goes, " cast my pearls before swine." You can thank those before you for not getting those numbers. ^.^

Dave_in_AZ · Jul 24, 2016

First thing to do) Sell truck.

Newtrucker48 · Jul 24, 2016

Dave_in_AZ said: ↑

First thing to do) Sell truck.
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Question. Why would I or they sell truck that I or they want?

Dave_in_AZ · Jul 24, 2016

I work as a lease, not at the moment, but did, and will do very well again.
Made great money last winter while tens of thousands of you cried poor. Just a van. Unless 100K plus is not good, with no e log or other mega garbage hassle.

Now if you're leased to a mega the second thing to do is sell truck.

tinytim · Jul 24, 2016

Newtrucker48 said: ↑

As a business owner planning ahead and forecasting is almost a given as a "best practice" formula. As a professional driver we are taught to trip plan and make sure we have time to pickup, deliver and or head to next shipper location or head to find a place to park after our driving shift. Planning ahead as a lease operator is very smart and to very successful business owners a logical step in pursuit of your business and personal goals.

Recently I was down for about 5 days. But the difference between a driver who plans and one who doesn't plan ahead was I was not worried about business or personal bills coming up because they were already taken care of. Successful business owners set back funds for "rainy days". We have all heard and read the stories about how new l/p and or o/o drivers see higher weekly paychecks and just go on a spending frenzy not thinking of items such as quarterly taxes and or future repairs. It's a sad thing to see when someone fails at business. It's even sadder to see someone who failed blaming others rightfully or wrongfully for sad failure. Learning from failure is a key component to the road to a successful business.

This leads to the topic at hand and that is we have let's say 4-5 months before freight slows down in its yearly winter cycle. As a lease operator and with truck notes it would do these drivers well to think ahead to this timeframe and to prepare business and personal finances now, so that when tell slow period comes the stress of making payments is not there.

Setting aside 2-4 weeks of truck payments aside from what is taken out for maintenance and tires is a smart business move. Also planning on changing your tires before the winter season so that your tires has enough grip as possible in snow is a great idea. As a business owner, gone or I should say, the days SHOULD be gone where living paycheck to paycheck is your rountine. Business owners should plan in months and even years, not in terms of week to week. In an emergency, thinking in terms of weeks can put you under fast. One bad week and it's in the hole you go trying to claw yourself and business out of it.

As a business owner I aim for 6 months of truck payments in the bank and 6-12 months of personal bills accounted for. It's a big goal but taking one step at a time and reaching this goal little by little is attainable. The main point is.... You cannot fail if you're months ahead of payments. Speaking in terms of this, I've started smart credit building tactics. Personal and business. I've also started lowering personal expenses. I've started paying things off so that the following month I owe less. Get rid of the ankle biting expenses in your finances. Take the smallest out and work your way to the highest expenses. One day you will look up and you will not have that burden you currently carry on the personal side weighing you down. Start to plan now for winter. Don't wait until it gets cold and rainy before you start thinking about which lanes to run, and regretting not preparing sooner for bad weather. If you're dispatched start planning on how you can save weeks worth of truck payments for those slow weeks. There is no excuse for not being prepared for winter. It happens at the same time every year. And we all know it can cause havoc on the interstate.

As a business owner the business comes first. If you want to own your truck it comes first before anything else. That's why having your personal side taken care of is so important. Focus is extremely important in business. Set goals, work to reach those goals and then set more goals that move you and your business along. There is no such thing as a successful business owner who didn't plan things out.

No one can get over on you or your business if you prepared in advance. Set yourself up for success and don't make excuses if you make a misstep. Get up and start on the path again. Successful business owners don't make excuses.
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So many words to say 'plan ahead'.

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