I was asked a while back about this. I said if I was 25 again I would try to work under a successful fleet owner for maybe 10 to 15 years learning the ins and outs of making this work. Very few people make start ups work for much longer then 2 or 3 years.
^^^^^ nailed it. Doing business in general has more failures then not. Go study how many time Milton Hershey failed.
Need some advice on starting a trucking company.
Discussion in 'Ask An Owner Operator' started by Adapter, Nov 8, 2018.
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The problem is most who get into this do not see the other side of it, the bad side until it happens to them.
AND by the way, I prescribe to the plenty theory, there is plenty of work to go around.201 and BigDog Trucker Thank this. -
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Out of that 10 you might have 5 after two years. God help you when two are left standing after 30.BigDog Trucker Thanks this. -
x1Heavy Thanks this.
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I've been thinking about the same thing, starting a trucking company.
USDA loan guarantees go up to 25 million, with 60% being guaranteed. That should be enough to buy 50 new trucks, set up a terminal and hire staff.
Make it employee owned, esop, because as much fun as driving is, I'd rather be lounging on a beach somewhere in southeast asia.
Make the main terminal an independent truck stop as well. "Fatty's Truck Stop", named after myself. With an open "soy mouth" smile of me for the logo. Because, why not?
Since it's employee owned we'll do lease purchase in house for used trucks. Then we just expand across the country with our "Fatty's" soy smile logo truck stops/terminals.
Maybe contract with Mahindra to make our own brand of trucks.
Open mobile home parks across the country along with our truck stops so "hometime", and more revenue.
I'm going to the bank tomorrow, wish me luck. -
if everything goes right for your business you can be bidding your autonomous electric trucks against the megas autonomous electric trucks in 10 years or so
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Totally Stolen from us Boat builders. Very very very few boat building companies ever made any Real Money -
But if the company is completely employee owned, then the employees will be the ones owning the autonomous trucks.88228822 Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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