It’s not as easy as Ridgeline said in being a real broker. (Although I did like his trucking responses for what that’s worth) You do actually need a business plan just like any business. That’s sort of like saying owning a trucking company means you get your authority then sign up to load boards and make lots of money. lol. So much more has to happen. There are good threads in the brokering section about getting insurance, surety bonds, authority, factoring, customers, carriers, load boards, etc.
It really just depends how in depth you want to go with this assignment. Do you want to just complete the assignment because it was assigned, or do you want to do a deep dive because your passionate and want to learn.
Entrepreneurship Class Assignment
Discussion in 'Ask An Owner Operator' started by CollegeStudent, Jun 10, 2019.
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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Before this assignment, I didn't have any interest in learning about any of it. Mostly because I really have no interest in actually do it. However, I am not the kind of student that likes to do the bare minimum. If I am going to do this assignment, I am going to do it right. I want to get a decent understanding of how it all works that my business plan is reasonable and not fluff.
I have been reading a lot of the posts in the broker forum and researching things that have been mentioned, like the licensing and surety bonds. I have looked up a lot of national and local brokers. I have gone on some of the websites for the load boards. Reading articles on trucking & brokering is how I found this forum.Midwest Trucker Thanks this. -
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Western flyer Thanks this.
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A/P Accounts Payable. Still Brokers can factor just like owners. I guess the surety bond is tough to come up with --- is it 75K? Can't they take a loan on that too? If so, starting a broker business with a little of own capital but plentiful of contacts could make sense. I can see an experienced ex CH Robinson or TQL broker who can pull off something like that successfully. Business from a home office sounds like a dream come true to me.
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I've known more than a few truckers that went broker after medicaly disqualified, it a great way to get in shape, but if your a heavy sleeper don't do it, late night early morning phonecalls happen every night
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Western flyer Thanks this.
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Western flyer and TallJoe Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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