Have 80K to invest and want to start a trucking company looking for advice

I considered doing the same thing he is doing and after I realized the problems I would have with finding a driver I decided to fill that seat myself. As i stated it wont be easy but it can be done. Sounds like a smart guy, sure he will not do anything without looking at it hard beforehand.

 

That includes new truck and trailer payments. If I have someone else driving it, the useful life of it may very well be 4 years, right when the payments end. Anything beyond that I consider a bonus. If you do not continue putting that same amount aside after your equipment is paid for, you will be up the creek when the truck eventually dies and now you have to figure out where you are going to pull that money from. It is staying in business by consuming your asset.

 

Straight truck will be difficult ... you would have to have enough expedite or LTL freight to keep it busy enough to make money at it. I would think it'd be very difficult to start that way and make it.

He will also most likely be allowing you to charge fuel to his account which he deducts later, do not try to buy your own fuel. If he closes the doors, you do not want to be out that money.

 

Always be careful of people offering you something that sounds like a good deal. While you are looking at the shinny object, they will be picking your pocket.

 

BigBadBill, the owner of farm2fleet is an active and reliable contributor to this board. You would do well to read his threads/posts, especially the ones about starting a trucking business.

I have no affiliation with farm2fleet. Heck, I'm not even in the same country, but I would look very favourably at leasing on with them if I could.

 

I did wat ur about to do last year and I spent 7 years driving for someone else and learned a lot, I think u should go to a mechanic shop and find out that part of the puzzle and wat kind of $$ ur gonna spend on a regular basis an plug those numbers into ur profits weekly which should and could be around 800-1200$ a week, iam doing ok and the future looks bright but its a ruff road and ur drivers u want to b like family its recipe for success good drivers good maintenance and don't forget uncle sam and pesky permits

 

Very encouraging fastshadow...