Howdy yall, my father has been in the industry for about 30 years. I am planning on making my own company and my father is supportive of it. My Business plan is quite simple, hire owner-operators and pay 90% but with no bonuses. I have a few questions.
*Best factoring company(most reliable, and rate cheapest)?
*How would I find Owner-operators.?
*How do I build credibility because I never won and deliver a load?
*What's My Liability?
*What is all of the fee cost. (mainly rust belt states, northeast and the south(USA only)?
*What are the holes in this plan?
Any Criticism is welcomed, and much appreciated
Howdy ya'll making my own Company.
Discussion in 'Ask An Owner Operator' started by Newguy2004, Feb 24, 2022.
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Obvious that you have no money to pay anyone if factoring is at the top of the list.
Have to look for O/O's that will work not knowing if they will be paid.
You have no idea on how to find loads.
100%
No idea what you're talking about
All holes, nothing solidlarry2903, Coffey, Crude Truckin' and 10 others Thank this. -
Your dads 30 years is great but means nothing if he didn’t pass down all knowledge. The fact that he supports what you are doing with the questions you asked here are troubling to say the least. It really isn’t as easy as you like to make it sound. I’d say good luck, but then it may appear I’m supporting this awful idea.
Here. Go run your own truck for 5 years. Then come back around and revisit your current plan. You know who the absolute worst Managemet is in the trucking industry????? Guys who never drove a truck.larry2903, Vampire, Crude Truckin' and 8 others Thank this. -
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My last week of running and doing out of FL of all places I did 12,200 and that was easy to do.
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Little bit you have won't go very far.Dino soar, Big Road Skateboard, Siinman and 1 other person Thank this. -
Solutions and good management fix problems, not money. You don’t have enough.
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@Newguy2004 ...The guys are trying to tell you something. You need more of just about everything, experience, contacts, money, and a general knowledge of the business before you start off on your own. Why not run with your Dad for awhile and get a better idea of what you really need?
One thing about this place...you'll get the advice you need even if it isn't the advice you want. That's a good thingVampire, 86scotty, exhausted379 and 9 others Thank this.
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