Do I need a truck before I get my own authority?

Discussion in 'Ask An Owner Operator' started by JLMorgan, Feb 3, 2017.

  1. Pepper24

    Pepper24 Road Train Member

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    Well that's nice that you have such a high opinion of yourself.But business loans?Are you under the impression because you own a truck and maybe even your own athority you can qualify business loan without your social security number tied to it. it seems you don't have as much figured out as you think.And you are talking about truckin I'm guessing if you own j b hunt your still being paid a load at a time.
     
  2. warrocgman

    warrocgman Light Load Member

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    no im just not a ####### that gonna run a sole proprietorship. it s not my 1st rodeo. right you smpleton one load a t a time but not living that way. and when you have capital you get loans you get credit. you obviously are not a business minded person.
     
  3. Pepper24

    Pepper24 Road Train Member

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    If your still talking about a business loan where your
    well now settle down scoter. You get loans by making timely payments,you also get equipment loans with collateral.Business loans solely on a business it needs to be a structured business I'm guessing you know what a structured business is .by the way it's not a truck or even several trucks ran out of your resident.I ask what I thought was a pretty simple question what do you put in a business plan for a one truck operation.which by the way you still haven't answered.Now you wanted to know if you can get your athority without a truck.I have a truck and my athority.So buy a truck then you can tell how great a business man you are.Lol
     
  4. warrocgman

    warrocgman Light Load Member

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    lol I dont need payments until I am ready. A plan on running a business is just common sense. I dont recall mentioning my residence to run trucks out of. What i put in a business plan is a market analysis for the niche i will enter into. A competition analysis. What do i need to do as well or better than the competition. What is the necessary revenue generation from said market. Corporation, LLC, Sole proprietorship, S Corp, what is the most accurate starting point for me. What are my goals in 1 year, 3 years, 5 years. Will i have employees. You get loans by having capital. You get credit based upon your payments. I prefer not to use a business loan, but having business credit at start up could be a deal maker or breaker. Will i do taxes myself or hire it out. The deeper i get into the planning stage the more questions i generate and then go find the answer to. That is why i have a business plan. And I like scooters
     
    redoctober83 Thanks this.
  5. Always learning

    Always learning Bobtail Member

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    Do you need special Insurance to transit the truck from where you buy it to your home?
     
  6. aussiejosh

    aussiejosh Road Train Member

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    Try the O/O section i'm sure someone put up a post that answers this question. With all the needed processes.