Help me deicide if leaving my job to become an owner operator is a good idea.

Discussion in 'Ask An Owner Operator' started by T.J., Jan 5, 2014.

  1. T.J.

    T.J. Bobtail Member

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    Mar 27, 2013
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    I'm sure everyone see's these postings all the time. Guys wanting help deciding what to do with there lives. I'm no different. I don't have anyone I can personally talk to about becoming an owner operator. All I can do is search online and watch videos, to hear peoples opinions. What I'm facing now... My wife (it always starts this way right!!), she is going to school for medical and wants to move out of the high plains of eastern Colorado. She is in Colorado springs with my folks for several months until she finishes. When she does, she does not want to live back here, not saying its because of me, but this place is a dirt and corn wasteland. I want out too but my job is pretty good to me! I drive an average of 8500 to 9000 miles a month. I'm salary at 40,000 a year. I get 3 full days off a week. I go out loaded and return empty. Yes I am a company driver. I should have started with that. I like the job, but I cant take it with me anywhere I decide to live. So I am looking into possibly buying a truck and hauling for a company. I want to be brutally honest here. I have FAIR credit. I am getting by just fine but I would like to be able to pick and choose when and what I haul to where, all while being profitable and doing what I must to keep payments. I would love to take this job with me. I think I can make better wages elsewhere though. Any thoughts or maybe recommendations? Anything I can add? Is this a terrible idea?
     
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  3. cabwrecker

    cabwrecker The clutch wrecker

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    I'm a company driver. I know enough of this buisness to let you know you're not going to make it, unless you work in this industry a while BEFORE you go O/O.
    I'm not trying to insult you here; how do you even know you will make it? This is a tough industry. I've seen good men get thrown out of it, like it was nothing.

    With that said, you're not gonna make 40k your first year unless you're fudging logs, and that's a bad idea these days.

    I think you should stay where you are, but if the driving bug has really bit you, I wish you the best of luck; you're gonna need it.
     
  4. russtrucker

    russtrucker Road Train Member

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    If u are going for o/o, u must be sure what truck u r going to take. You will have to pay the insurance, registration, commission, take care of the truck, and fuel bills. If your truck is very efficient, u can be lucky.
     
  5. Trukfit813

    Trukfit813 Light Load Member

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    I wouldn't be so sure of you saying he won't make it every driver is different its all about budgeting and managing your fuel economy as far as the truck being sufficient get it checked the min. You get it to avoid problems in the future in order for your truck to be sufficient there is no perfect truck out there, and if your are running a truck/business and you manage you should be profitable, I don't see why you wouldn't make 40k in one year, I've made that my very first year in trucking as a company driver and that was with swift
     
  6. TripleSix

    TripleSix God of Roads

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    Before you go out and buy a truck, go and visit Colorado Springs and see what companies and what freight is in the area. that will at least give you a direction. Going out buying a truck with no idea what you're going to do next is financial suicide. If you're going to be successful in business, you have to have a game plan. So go spy out the promise land.
     
  7. speeedy

    speeedy Light Load Member

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    Start of with truck and trailer it will be a ##### at first but will be well worth it in the end .leasing on to a company mean they still own you and the truck but if you can't i suggest land star or mercer
     
  8. T.J.

    T.J. Bobtail Member

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    Yeah I have family there that I visit occasionally. Have been looking online to see whats available, and I get these job listings from indeed.com that are from companies like roadrunner. They don't show a home office in the state. So not sure what to make of it. This is just a plan to make a plan lol. Im scouting for the future. The wife finishes school in June so I have some time. I believe I am pretty good at keeping record of repairs, mileage, etc. Only had the one driving job for 4 years so I don't know if its different for you guys at swift, or schnider, but I have to turn in mileages, within each state. Keep maintanence logs.
    Also I have been looking at used trucks. They are all spec'd differently and I haven't decided yet what it is I will be hauling. So I am establishing an order to the problems lol. I mean I assume most loads are around 80,000 lbs. Not all but im sure every company will push that limit if its a problem, so I am thinking that most trucks will do basically the same job. I know a light duty truck is not going to haul oversize and overweight loads, I get that. I guess I will ask those questions when it comes time to go shopping. I do have faith that I can at least match my current income after expenses with the right job and a little hard work. In five years I will own the truck and make that much more. Maybe, Im just ignorant of the truth of that side of the industry. I hear a lot of horror stories of guys leaving the job due to something like a payroll check of 38 cents. Thanks for the info everyone!
     
  9. steaburn

    steaburn Bobtail Member

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    I'd just stick with what you have for now. When she has graduated and you have agreed on where you want to move, make the decision then. With her additional income you will be in a more stable condition to take the dive. Between now and June you will have plenty of time to do research and to see if it's really what you want to do.
     
  10. T.J.

    T.J. Bobtail Member

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    Yep that's a good idea. I have until june. That's when she gets finished. I mean, shes going to be doing an externship for 6 weeks but I know when shes done, were definitely going to be moving. If she can afford to cover out vehicle payments on her own, I will probably move down with her. Been looking at Roadrunner. Heard a few decent things about them.
     
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