My 7 years Journey as a truck driver to Owner Operator.
Discussion in 'Ask An Owner Operator' started by khan1122, Jan 7, 2019.
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Livin' the dream.God bless you man,you're doing what others only fantasize about doing. Remember the golden rule and you can't fail.If I was west coast I'd be asking you for a job,lol.
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Nice work.
Keep your head on straight with your spending. Don’t go back to your habits of your first year. I’m glad you ordered 5 more trucks and maybe 8 trailers but don’t get ahead of yourself either. 2019 won’t be as good for rates and if they crashed you could get in trouble.
Do you factor or run out of pocket? If you factor slow your growth down. Can’t tell you how many companies I’ve seen get big in just a couple years then all of a sudden they’re gone.
Make sure your taxes are on point. You’ll start getting some attention and that can end you as well. If your paying your guys 1099 switch them to w2. You need to be 100% legit. Even if your not audited now, 3 yrs from not it could happen and they can go back many years and discover you owe tons of money.
It’s taken me 11 yrs now to get 9 trucks and 13 trailers going so your way outpacing me, but I plan on being around awhile and so should you. Might think about getting a small brokerage going. We focus most on the trucking but the brokerage helps pay the office bills so the trucks can stand more on their own so to speak.
Great job and keep it up! Oh and your wife is a keeper! Having a strong woman behind you is extremely helpful in your success.Lepton1, not4hire, dwells40 and 1 other person Thank this. -
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I was Factring in 2017, but Got rid of it in 2018 when I had Enough for the expenses
I pay all of my drivers with W2Lepton1, kemosabi49, not4hire and 4 others Thank this. -
Your story is an inspiration. Ignore the haters and focus on doing what you do. I started leasing a truck almost a year ago as a way to see how I like being responsible for a truck. I get some haters occasionally on my threads and I just ignore them. For the most part I see positive postings encouraging and advising me. Keep doing what you do and what makes you happy. I am defiantly following this.
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You are brave man.Wish you moreeeee success.
khan1122 Thanks this. -
Wow! This is quite a success story!
Are your drivers 1099 or fully covered W-2 employees? -
Lepton1 and Scooter Jones Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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