How did ya all get started?

Discussion in 'Ask An Owner Operator' started by hannafarms, Feb 6, 2017.

  1. hannafarms

    hannafarms Light Load Member

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    hello there I'd like to hear as many start up scenarios as possible. I have years of experience in many different aspects of trucking i.e. Sales, parts, dispatch, logistics management, and driving hazmat tank, bulk pneumatic, dry van, cement and dump truck, 40ft frameless end dump. Biggest curiosity is how to you get the financing to not only buy your first rig but startup capital, finding loads, leasing on, contracts etc
     
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  3. belowspeedlimit

    belowspeedlimit Medium Load Member

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    My dad told me If your gonna be a trucker the first thing you need to do is have surgery to get your brain removed.
     
  4. sourdiesel

    sourdiesel Light Load Member

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    My roommate was a trucker on summer break asked me if I wanted to ride for the summer and that was it the bug bite me, been trucking ever since that summer.
     
    blade Thanks this.
  5. DougA

    DougA Road Train Member

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    Retired,In my shop in Md.
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    Started on the farm,grain,hay trucking in the 60's.Always liked tinkering on equipment,trucks,cars,went to work as a mechanic at a factory IHC truck shop,out of high school.Worked there for a few years,learned a lot,saved some money,bought my first rig in 1974,stayed with it,retired last year.Whole lot easier to get a license and get into trucking back then,no truck schools or any of that bs.If you wanted to work,drive a truck,used your head,you could get hired.
     
  6. Ezrider_48501

    Ezrider_48501 Road Train Member

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    well mine is kinda a long story but i am a bit bored at the moment. i was working for a company that was in the construction feild, i was a lead supervisor/forman. i traveled allover country. a small part of my job was hauling our equipment from job site to job site. i was on a real screwed up job in Dallas Texas, the contractor had kicked another one of our foreman off the job and i was sent there to clean up the mess was managing our aspect of a project in Missouri witch was my project but i was in Dallas cleaning up that mess both projects were going to wrap up in about 3 weeks when i got a call from a family member who owned a couple trucks that were pulling tanker in north dakota (i live in ND) he was looking for a driver and wanted to know if i was interested. i agreed called my current employer and said when these jobs are done so am i.

    drove for my family member for about 6 months but my pay checks were constantly late he was under funded fuel cards would get declined ect so i quit and went to work for another company pulling tank in the oil feild. the whole time i was doing that i was tracking costs evaluating owning a truck and saving my money paid off the house i was living in at the time payed off my cars and all other debt. bought a old truck out of a farm feild got it road ready bought a old trailer both for cash then put them to work.
     
  7. hannafarms

    hannafarms Light Load Member

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    Hey where at in nd? The company I'm at now is out of buffalo nd. I'm from Iowa
     
  8. RustyBolt

    RustyBolt Road Train Member

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    To get startup capital, you save until you think you have enough. Then keep saving til you've doubled that number. As for truck financing, start at your local credit union.
     
    V c2c Thanks this.
  9. hannafarms

    hannafarms Light Load Member

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    Jan 4, 2009
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    Lol good thing I was born without one saves on surgery cost. Like I said Iv been in trucking 10yrs and in the industry in one way or another 13yrs.
     
    blade and Shock Therapy Thank this.
  10. hannafarms

    hannafarms Light Load Member

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    Minnesota
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    Agree except that's kinda the point of the thread exactly how does one save such a high amount of capital? Now I'm not saying it's not possible. let's look at an example situation. Male, 35yr old, two children, divorced, single, owns an average home $60k, owns an average pickup $16k, has normal amount of debt say under $15k so average monthly payments including debts, loans, food, gas Ect equals around $2,500. Has a decent credit score, works 70 hrs a week, makes 50k-55k per yr. which breaks down to just over 3k net a month. So average Midwest guy working above average hours, spending average money has $500 left a month and that is without any extras, no sickness, no clothes for him or kids, no entertainment or social expenses. So let's say he is lucky and gets away with only spending $250 a month on those things. Savings left $250 a month. Say it takes around 50k in capital to start which would include down payment on truck n trailer, ins, running money before settlements come in everything. It will take just about 17 years of saving, he will be 52yrs old and that's if he alive, if nothing set him back in those years, if there is even a country left, if truck driving is even still a human job. Basically what I'm getting at is in any other industry this man could get grants, or small business loans to startup but not in trucking. So the question stands in today's economy and banking world how does one start? Banks don't even wanna loan people used cars without a crazy amount down.
     
  11. rollin coal

    rollin coal Road Train Member

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    Sounds like a newly single man that needs to cut the fat out of his life and live more frugal. Unload the truck, eliminate the credit card debt, and possibly get rid of the mortgage too. Work the Dave Ramsey debt snowball. I was saving $500 a week minimum as a company driver in my early 20's, single, no life, and no major bills. It can be done but it is a sacrifice. I did it for years and went all cash in when I started up years ago. Still here too...
     
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