What is interesting to me is with all these crazy insurance rates (especially in the car haul sector) and equipment costs it doesn’t seem to thin the herd at all ?
The new applicants just seem to scrounge up there initial start up money with no resources and hope for the best one right after another.
One year in business; need advice
Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by K090991, Mar 12, 2019.
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JonJon78, brian991219, Kozakvod and 1 other person Thank this.
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This is what happens when people haul for rates that only just enough to make payments on truck and insurance and maintenance , when something goes bad they cant afford to fix it or say in business.
Last edited: Mar 13, 2019
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- why did you lose your insurance?
- whats your new down payment + monthly rate?
- how much is the 9 car semi worth?
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High enough for him to cry in his drinks and seek hand holding here on TTR. He he he. //TEASE....
I don't know of any business owner able to cut a 25,000 dollar check and MWAH! with it once a year. -
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BoostedTeg, brian991219, Ziggy319 and 3 others Thank this.
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If you want to be broke find someone who is and do what they did...
You are destined for failure if you repeat the failed business plans of others.
This forum is a great resource for learning what works and what doesn’t.
The problem is some believe that repeating the same old bad business plans of others is going to some how have a different and positive out come for them.BigBob410, brian991219, Ziggy319 and 4 others Thank this. -
There are so many responses to this thread, I like and agree with them all, so thank you to all of you.
Question, what’s the deal with his statement about “Metro loads?” Is he referring to Metrogistics? If so, maybe that’s a massive reason you’re going broke? Or, is he a Metro employee disguising themself as a hard up owner operator trying to make everyone think that Metrogistics is some great broker?
If the latter, Metrogistic loads are bottom feeding scum. They and many others like them should be ran out of town on a rail for the crap prices they post.
Now if he’s for real...read everything everyone here has said and follow their advise. It’s all spot on.
Im the type of person who thrives best under financial pressure, which I always seem to place myself in, intentionally. I know when I have to make it happen, it happens. I.E. a $180,000 investment in a 2014 stinger.
Those of us truly serious about what we do have invested heavily into our equipment. And while I wish it didn’t cost so much to keep them running it does and we just suck it up pay the fiddler for the dance and keep doing what we do.
There is good money in this business but you have to turn the wheels. It doesn’t come free, nor easy.
Regarding the insurance piece? Those prices are unreal! Thank God I live in TX! -
Since you already own the equipment you can lease on to a carrier for awhile to save up money for insurance, there are many companies looking for O/O to lease on see the ads in classified section on Central. And consider moving to a different state.
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