Owner operator worth it

Discussion in 'Ask An Owner Operator' started by Tibbigt, Oct 16, 2015.

  1. Tibbigt

    Tibbigt Bobtail Member

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    Yes I don't believe the numbers they make they make it seem like there is lots of profit and as most of u said if it was easy everyone would do it that's y I come here to get a true outside opinion.
     
    bigguns Thanks this.
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  3. TaylorMade407

    TaylorMade407 Road Train Member

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    Tell them to show you rate confirmations of the last 6 weeks. One persons operations may work with a driver and absent owner like yourself while others don't generate enough revenue to make the numbers work. If your family memebers have solid contacts and a contract to back it up then why wouldn't your brother work for them or better yet why not lease to them yourself
     
  4. Tibbigt

    Tibbigt Bobtail Member

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    They got no money to buy a truck for him to work for them. And I don't drive I got a full time state job I can't leave lol. And my family are all leased on to other company's the goal was to try to get this to work by yr 5 have 3trucks then start buying trailers.

    I'm just trying to get an idea of a break even point for most trucks. I know this is different for everyone but there has to be a ruff idea of what my break even point could be.
     
  5. TaylorMade407

    TaylorMade407 Road Train Member

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    You'd have to ask other drivers that's hauling what you wanna haul. Some guys consider at home exspenses into break even and some don't. What you're trying to figure out is what the truck needs to make weekly point blank. So figure your brother needs to make $1400 fuel on 2500 miles worse case would be $1500 insurance tags might come out to $300 and for maintenance with a $30k truck should be $500 week give or take. So $3700 could be your break even. lets hope the truck don't eat up more than $2000k worth of repairs per month
     
  6. TaylorMade407

    TaylorMade407 Road Train Member

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    Go read @blairandgretchen thread a little. He details his start up very well although his operation is different from yours it should help you
     
    Tibbigt Thanks this.
  7. Tibbigt

    Tibbigt Bobtail Member

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    Yes see this is what I wanna hear just ruff ideas on what I need. I know the business well enough to know its not predictable Or stable just looking for a lil help to break even on the truck your right I'm not factoring in my personal life at all I really don't need it would be a nice plus but wouldn't profit a penny for yrs even if I could.
     
  8. Tibbigt

    Tibbigt Bobtail Member

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    Thank you.
     
  9. rollin coal

    rollin coal Road Train Member

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    What if you lost money several years in a row? How would you feel if your 5 year plan got pushed out to 8 or more? Breaking even in that first year is very optimistic even for an owner who will be driving.
     
    bigguns Thanks this.
  10. Tibbigt

    Tibbigt Bobtail Member

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    If I gets pushed its fine it's no different then any other business plan u set a goal sometimes that goal gets moved. I got nephews who wanna drive and are 8yrs out so maybe that works lol.

    And I would be lying if I said I wanna break even my first yr I know it's probably not possible. But I can't afford to pay thousands of dollars of my own money out either. I can put a couple thousand back for a oh #### find but I need to atleast cover all my truck expenses every yr. paying myself isn't an issue long as bills r paid and money's getting saved for a motor fund.
     
  11. Tibbigt

    Tibbigt Bobtail Member

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    Oct 16, 2015
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    So all expenses paid every week counting my driver is it possible to do this for under 3,500 a week? That's my goal so I can save 1000 per week for every non breakdown week (motor or big break down fund)
     
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