I'm looking to start my own business my wife is pretty much a stay-at-home wife who works part-time with a college looking to get her into becoming a freight broker and eventually buying my own truck and haven't heard run my loads for me I've been driving for a little over 2 years I don't have very good knowledge in the trucking industry have other family members that also drive and own truck's so my question is do you think it is a good idea to have one truck and have your wife get all the experience to become a freight broker and running and set up your business in that aspect I also have about 10 grand ready to put down on a truck do you think that's enough I'm looking for some advice and help and tips thank you if you're going to be rude please do not comment thank you
Starting a businnes creating a plan!!
Discussion in 'Freight Broker Forum' started by kwan2323, Jul 18, 2018.
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I do not want to sound insulting. However, 10k is nowhere near enough to start. I do wish you luck you gonna need it.
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I think it’s best you lease on to someone first and learn the lanes of your intended segment. If you’re leased on, you’ll have immediate cash flow and having the 10 grand will be ok for that. Having your own authority; it’s not enough.
Eventually if you went fully independent and having her brokering loads you have to get brokerage license and bond. Unless you intend to add trucks I wouldn’t worry about the extra hassle.
Before you take advice of family you’ll want to see their books to back up what they’re saying. You don’t want to learn practices that put you in the poor house.
If you have good credit you can get a used truck with no money down and a good rate. -
How about you open your MC and your wife can be your sales agent, going around to shippers and get you loads. If you succeed and make good money, then you can start thinking about brokerage
SavageMuffin and kwan2323 Thank this. -
Thanks that's why I'm asking for advise !!
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Thanks that's definitely what I was thinking of doing , leasing with a company first so would my wife be able to help any way if I lease with a company like becoming a dispachter or freight broker or just a home secretary ? ?
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OK that sounds good as well can you explain a little more ??
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Yea I want one truck for now any other advise how we can do that toghter ???
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With 10 grand?, you will just be building when you run out of cash, look for at least a year of cash flowing out faster than coming in.
kwan2323 Thanks this. -
What do you mean ?? And that's what I'm trying to do is create cash flow ??
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