Set up for the future

Discussion in 'Ask An Owner Operator' started by dream$, Mar 12, 2017.

  1. dream$

    dream$ Light Load Member

    103
    15
    Dec 8, 2016
    0
    My goal is to be a fleet owner maybe 8 or so trucks. I'm currently a heavy duty diesel tech. Although I'm looking into becoming a driver. I was wondering what any current fleet owners or owner operators as far as advice as to what I should do to set up for the future to be a fleet owner.
     
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Ridgeline

    Ridgeline Road Train Member

    22,379
    116,150
    Dec 18, 2011
    Michigan
    0
    Learn how to properly run a business.
     
    ExOTR and Broke Down 69 Thank this.
  4. Chinatown

    Chinatown Road Train Member

    74,742
    170,076
    Aug 28, 2011
    Henderson, NV & Orient
    0
    www.OOIDA.com is a business website for the owner-operator and small fleet owner.
     
    dream$ Thanks this.
  5. dream$

    dream$ Light Load Member

    103
    15
    Dec 8, 2016
    0
    What would be the best way to do this? Books? And business class is unfortunately out of the options for me.
     
  6. dream$

    dream$ Light Load Member

    103
    15
    Dec 8, 2016
    0
    I'm also attending the mats truck show anyone in particular I should try to get information from?
     
  7. gokiddogo

    gokiddogo Road Train Member

    8,786
    14,768
    Mar 5, 2012
    Ontario Canada
    0
    Bill Hood
     
    snowwy Thanks this.
  8. dream$

    dream$ Light Load Member

    103
    15
    Dec 8, 2016
    0
    I'm assuming this is a person? Does he run a booth or write a book or something?
     
    OLDSKOOLERnWV Thanks this.
  9. HopeOverMope

    HopeOverMope Road Train Member

    1,801
    3,210
    Feb 25, 2016
    I-20 LOUISIANA
    0
    If this is really what you want to do, you just kind of got to saturate yourself with as much trucking and economic information as you can. Even one good college textbook on management can do a lot. Never know what you might find at goodwill. I bought a college textbook on Management for $3.99 and have been skimming through it, re teaching myself the way I look at management; terms and corporate structure. Then you got taxes and learning how to interface with federal and local government. Break it down into categories and find who's the best in each category and learn from them.

    There's really no one stop shop, and a hundred different ways to do it.
     
    scottlav46 Thanks this.
  10. tnevin225

    tnevin225 Road Train Member

    1,166
    1,601
    Jan 1, 2014
    0
    Go to the Letstruck website. Kevin Rutherford has a week long seminar designed for people just like you. Its called the CMC. Its in September and costs $1800 to attend. Kevin will be at Mats doing some seminars so try and attend them and get a feel for what he is all about. A word of warning, there are people on this website that hate his guts, thats why you don't here much about him on here. Thy seem to think he is some kind of snake oil salesmen but to each his own opinion. I have been to the CMC and it's well worth it, I don't think I will get back this year but maybe someday. Good Luck
     
  11. Dryver

    Dryver Road Train Member

    2,818
    2,575
    Nov 30, 2008
    Sioux Falls, SD
    0
    What HopeOverMope said. ^^^^
    Learn how to run a company. Being successful in this industry really has nothing to do with the day to day duties of a trucker. Learn accounting, tax structure, business law, government rules and regs. Have a strong understanding of assets, expence, profit & loss, balance sheets.
    With what I see coming in the next 5 -10 years, I would stay in your current line of business and open your own shop and stay out of trucking and fleets.
     
    Broke Down 69, scottlav46 and dream$ Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.