I have a future goal of becoming an owner operator here soon and perhaps even trying to start my own company. If there is anyone that has any experience on being an O/O or a business runner , or perhaps with the same goals in mind. I would like some advice on where to start for both things. I dont want someone answering who have no idea on how to even drive a truck. Thanks
owner operator/business start
Discussion in 'Ask An Owner Operator' started by jayo2009, Apr 3, 2011.
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i understand that it was a little bit of a broadened question. I do appreciate you reading and answering the question. Thanks
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Not a problem. There is a lot of good information on this board. Looking at your age you have a bit of time to educate yourself. And understand that your age will be an obsticle. Insurance and financing will be harder to obtain until you have a couple years behind the wheel.
If I could provide any advice for you at this stage is to keep expenses low, save money like crazy and keep your record clean. When you get started as an O/O so many of the things that you do and prepare for today will play into your profitabilty later.
Insurance is not cheap. Get a ticket for violations or speeding and that could cost you thousands later. Don't have money saved in reserve and you will have to give up 5% of your revenue to a factoring company. That can be more than 5K a year.
It all adds up.jayo2009 Thanks this. -
I started researching becoming a O/O even before i got my first driving job as a newbie, spent 2 years as a company dirver learning the business from every angle i could conceive and of course reading every thread here on TTR.
I have applied what i have learned to my business try to follow a certain methodology that fits me and my bus. and so far have been profitable.
I will offer to help you with advice or answer any questions you have
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.