How do I get my own authority?

Discussion in 'Ask An Owner Operator' started by Gucci25, Dec 25, 2015.

  1. Broker Bob

    Broker Bob Light Load Member

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    That was for you Stay!!! LOL!!!!

    As you know they run cheap. I've got as much as a 30 percent margin on them. They will put 2-4 in a truck and just run. They come over and run for 6 months make a boatload of money (an amount that they think is a lot) go back to their home country and live like kings!!
     
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  3. Gucci25

    Gucci25 Light Load Member

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    Noooo lol maybe i worded everything wrong. What I was saying is if my business makes $100k a year. I will only pay myself 3% of it as my personal paycheck. The other 97% will go to my business bank account.
     
  4. G/MAN

    G/MAN Road Train Member

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    Before doing anything, I would recommend you check around for insurance. It can be challenging to find insurance for a startup. Your age may also make it more challenging. Some insurance companies will not insure anyone who has less than 2-3 years experience and/or at least 25 years old. Without insurance you cannot get your authority. You might be able to do power only with someone like JB Hunt or a couple of other companies. It would be to your advantage to get your own trailer. You will seriously limit yourself unless you own a trailer. You might be able to rent or lease a trailer to get started. Most insurance companies require at least 20% down. Some may require as much as 30%. Running your own authority, you will also need working capital to run your business until you can get money coming into your back account. Good luck.
     
  5. truckthatpassesyouby

    truckthatpassesyouby Road Train Member

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    For those of you who buy your own fuel, do you use cash or a fuel card or what?
     
  6. G/MAN

    G/MAN Road Train Member

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    I usually use a credit card. I also have a fuel card that I can use.
     
  7. WisconsinF150

    WisconsinF150 Light Load Member

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    They have all sorts of co's. that will do all the paperwork for you. Just google how to get my own authority.
     
  8. WisconsinF150

    WisconsinF150 Light Load Member

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    They have all sorts of co's. that will do all the paperwork for you. Just google how to get my own authority.
    Other co's. do it for just a few hundred. Don't get insurance through OOIDA, they charge thousands more than Lancer does.
     
    77fib77 Thanks this.
  9. WisconsinF150

    WisconsinF150 Light Load Member

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    Just get a nice big beach towel and drop it on the ground near the pump and then squeeze it into the tank.
     
  10. WisconsinF150

    WisconsinF150 Light Load Member

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    I found this site for both fuel and tire discounts:
    http://truckerssolution.com
     
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