Minimum amount of cash in the bank to start O/O

I wonder how you would handle a possible $25,000 repair bill if your truck needed an inframe 6 months from now? I was down for a couple of weeks grilling steaks and drinking beers then wrote a check for mine several years ago.

 

I have cash and I do have reserves but I'm just trying a different Robert Kiyosaki says use Bank funds to leverage your business . (Other People's Money)
(Business Credit). Don't fear competition, it's OK it's enough room in here for everyone to profit.

 

Really its hard to say what is right amount, probably to be capable of handle any major repair any time is enough, but again I saw a lot of ppl to start as o/o giving last $ for their truck (get newer equipment and pray God that it will be ok for couple months so they can earn some money) , and there is a lot of companies that will step up and pay for any repair bill to o/o and deduct from check in payments

 

Yeah, I say at least have at minimum enough in an acount, maintenance fund or credit line that can cover the cost of an overhaul of your trucks engine, also a good warranty, that covers things like (Def, Turbos, and other detail items, besides the major enine and trans, would be nice, there's a couple good companies that I know of. They may cost a bit ,but it's better to be safe than sorry, because in this business time =$$$$. That's just my take on it. I'm starting off with just 1 truck, putting it on with either Interstate or Landstar, .

 

What do you guys feel the best way to pay my driver cpm or %?
And how much should it be approximately based on running 2100 miles.? Any I'm put is appreciated, thanks guys.

 

No Correction: Your driver must have a year of experience, not the fleet owner. Just spoke with them last week.

 

Right, what if you don't suck at picking freight?, What about cpm?

 

What's an overall good cpm to pay?