Total NOOB question

Yup. Quickest way to become ex friends

 

Rpgaent-----You really need to look at numbers and put out a lil information.....cuz unless they have an extremely high line haul rate and/ or picking up a ton of your expenses....60/62% of linehaul....Is NOT goin to cover your operating costs

 

No I understand it completely.....The truck gets 62% of line haul and y'all plan to split the 38% as if it's profit
What I'm trying to tell you is you NEED to take a much harder look at what that trucks ACTUALLY goin to cost you to operate
Cuz I'm still betting in today's economy with today's rates and real world costs
62% is NOT going to cover your operating costs

 

An owner-operator that runs his own truck won't run for 62% of the load if leased on.

That number doesn't allow enough for an owner-operator to put a driver into the truck it only allows enough for the owner-operator to run for a while until he's going to go broke.

But he'll go broke a lot faster if he put somebody in the truck at 62%.

Check your numbers. And whatever amount of money that you're getting ready to lay out to do this turn right around and go invest it in something that you can make money at instead of going Broke. I think Trucking holds the record for most people with ideas such as yours that have gone broke when they had a free choice to make a better investment.

If you had a different number to throw at us maybe there would be something different to say.

Your scenario is the same as a husband and wife that together they make $100,000, but the wife cost them $200,000 a year.

How long will that last? How do you think that will end up? Of course it will end up in ruin and destruction.

Simple math.

 

Also intelligent people when they invest money look at the risk factor.

Real estate, stocks, established businesses, each of them has a risk factor that you must take on to make money.

Whatever that risk factor is for those other Investments multiply the risk by 10,000 and that's the risk in the trucking business.

You have much much much more to possibly lose then possibly gain.

If you really really really really need to do something with all that money flowing out of your pockets, you might do better just to take whatever you would use to buy the truck and just put it on to the craps table and make one roll of the dice.

You will have much better odds of making money that way then you will in the trucking business.

And the house always has the advantage...

 

Not knowing anything about you or your partner you already are in a hole because you're willing to work for 62%.

When that's your starting point there is no help anyone can give you.

It's like watching a wreck unfold right before your eyes. Success is not possible at that rate.

The guy that's supposed to be your partner with the experience that's not putting up any of his own money and just reaping the benefits should have told you that.

It isn't apparent to me that you are the only one that doesn't know what's going on and that's an even worse combination.

I hope you don't take what I'm saying to you personally. It's just that plenty of people have gone broke in this business that knew everything about it and when I see two people that are trying to begin something that together they can't even figure out what the rate to the truck should be I'm very sorry to you sir but that is a colossal colossal failure waiting to happen.

If I were you I would be TERRIFIED that your knowledgeable experienced business partner apparently knows nothing about this and you unfortunately know less.

But apparently he's very willing to let you sign your name and your credit and your money to do this.

Red flags everywhere buddy.