Father and Son Company

Hello, my name is Denis and I'm new at this forum. I'm 22 years old and start operating my own trucking company in 4 days. I'm the company owner, and my dad is a registered owner operator that i just hired. I have never driven a semi, but my dad has for over 9 years. I always wanted to open my own business, and thought it would be a great opportunity to start a trucking company since my dad is an experienced driver and can give me a few pointers.

I'll be hiring only Owner operators at this time, and charge 10 percent off their gross for dispatching. My goal is to have 5 drivers before June,2011. I got all my paper work, and authority, insurance etc. Do you guys have any advice for me? I really want this endeavor to work, because my dad always put his family first, even before himself. And I think this would be a great way to say thank you if I succeed in operating a good company. Oh my company is called Susac Express. Any advice would be great, thanx in advance!

 

thank you for all the advice. I appreciate it!
@Person: My dad and i are financing it. Also what i meant by their gross is that I take 10% off the total amount of money they make in a week. For example, if my dad makes $4000 I take 10% wich is $400 for me, as I hire and dispatch more drivers the more money i make.

@Krooser: Good advice, ill keep that in mind. My dad told me that drivers do not get the respect they deserve, so my big thing in my company will be customer service for drivers. I will never push any of my drivers to run a certain load if they dont want to, because I know drivers have families and are very stressed out sometimes because they don't see their families very often. So my big thing will be a non-stressful work environment. Although i do charge drivers 10% service fee, and insurance, or trailer rental if they do not have one wich are pretty common fees in this industry.

@Rocknroll nik: yes I agree, driver is the most important asset for a company, im grateful that my father will drive for my company, he is a very good driver, he also said he has a few friends that might join my company later so yeah, I'm really excited.

 

Congrats for being in business for three years!! I'm glad everything is working out for you, keep up the great work. Haha and yes, dads are the best.