Getting a debt investor into your company

You don't even own a truck yet, why are you talking about investments? Everyone likes to dream, but you gotta work on your own for a year or two, to see if you can even make it yourself

 

Back up to about 30,000 foot...... Why would they "invest" in a trucking business? To make more money than they can somewhere else, or it wouldn't make sense, right?

You can just take your money to the stock market, buy an S&P500 index fund and get an average return of 11% per year. Very, VERY little, if any, long term risk.

Investing in your trucking company would be much riskier, so the returns would have to be much higher for your investors to be interested. For high risk investments, 20 to 25% is a good base line number.

Are you interested in paying that much interest, especially when you can borrow from a conventional lender at less than half that rate?

 

I have four uncles that started our company. One was an engineer, one a handyman, one a airline maintenance, one a O/O. Two had money to start, other two didn’t. My mom fronted them a large amount to start, and expected no return. (She had no bad blood throughout any of it).

forward now after 20 years. Two of them took the lead on almost everything. The other two screwed off and looked busy. One of the two now is down big with a brain aneurysm, the other one is aging rapidly from handling almost all dispatch (to 30 O/O) and booking. The other lazy two are fine. They all agreed to draw the same income, and end of year profit split. They all hate each other. None are in the position to retire.

no family, no friend in business. Too much entitlement, too much personal sacrifice to avoid stirring the boat.

 

YEP!

The two that worked hard had they enough money to hire more people they would see better health and success but couldn’t because the two Jack offs were sucking those profits.

 

exactly! And now the two jack offs can use so much leverage in terms of “how will this affect my family?” “What about my retirement?” Etc etc

 

Very sound advice!

 

If you want to expand your business, come up with a business plan and get a loan. Just so you understand, you don't start to see a real profit until you put on a third truck.