Business plan

Discussion in 'Ask An Owner Operator' started by biggi1996, Jan 8, 2018.

  1. biggi1996

    biggi1996 Light Load Member

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    Did any of you O/Ops use a business plan writing service to get a loan? If so who are some good ones and the typical price range.
     
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  3. Accidental Trucker

    Accidental Trucker Road Train Member

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    No. And I would not recommend it.

    Any loan officer with two weeks experience will spot the fact you didn't write it, and will have you tied in a knot trying to explain your assumptions, calculations and results.

    Put it together yourself. A couple of pages, who you are, what your experience is, what you will be doing, why you will be doing it that way, and where you get your numbers. Have someone edit it for legibility and flow. But you write it, you create the numbers, and you have to UNDERSTAND the numbers.

    If you can't put that together, you aren't ready to run a business.
     
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  4. biggi1996

    biggi1996 Light Load Member

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  5. MysticHZ

    MysticHZ Road Train Member

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    I was going to reply to the op ... But, this much more civil than what I was going to say.
     
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  6. Trainwreck88

    Trainwreck88 Bobtail Member

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    Jan 11, 2018
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    Best way to do go O/Op is to work company enough to save a minimum 20-25% of the total cost of the truck you intend to buy so that you have a nice cushion to fall back on, and to find a company that has a good track record of people going through lease purchase programs and owning the truck at the end of the contract. Small to mid sized companies tend to be the better choice
     
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