Question about investors in the trucking business

Discussion in 'Questions From New Drivers' started by Trucker.1986, May 22, 2024.

  1. Diesel Dave

    Diesel Dave Last Few of the OUTLAWS

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    Go for it. Let us know how it works out.
     
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  3. DUNE-T

    DUNE-T Road Train Member

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    Granted I have not been in this forever, but in my 10 years I have never seen this whole investor thing working out and I have seen quite a few attempts.
    Usually it starts out fine, after couple of months problems from drivers and equipment start piling up. Insurance problems, Fmcsa audit problems, IRP and IFTA headaches, all kinds of things come up.
    Partners get tired and get extremely stressed. The investor asks where is my profit, the one who runs the business says there is no profit, I have no life and just drowning over here. Then they get in fight, close up the shop and sell equipment for pennies, just to get rid of it.
     
  4. 86scotty

    86scotty Road Train Member

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    Yep, it's a lifestyle to be envied.
     
  5. wifi_guru

    wifi_guru Medium Load Member

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    Oh #### grabs the popcorn
     
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  6. Trucker.1986

    Trucker.1986 Bobtail Member

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    The hate is real lol. I'm not gonna throw 30k and not work I'm just saying I could afford it. My brother is a owner operator for a box trucking company that's a new authority 6 months in so I know the struggle of this market first hand and regarding my business I have my wife kids taking care of my stock of dogs so I can afford to take off and venture in trucking. Just becuase you didn't make it dosent mean I eventually won't. All business takes money and I have plenty to burn.
     
  7. wifi_guru

    wifi_guru Medium Load Member

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    LOL 30K have you checked your insurance qoutes? not cheap plus the down payment for a truck beaters with heaters are not cheap now either. and what if it breaks going off the lot? i hope you have more than 30K in the bank.
     
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  8. wifi_guru

    wifi_guru Medium Load Member

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    it's an insane idea to get into this now with the way everything's going fuels through the roof rates suck people are sitting brokers refusing to pay everyone's going broke.
     
    Trucker.1986 Thanks this.
  9. 86scotty

    86scotty Road Train Member

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    No hate here, my friend. I'm just giving you the straight story. Don't worry, some people less nice than me will be along shortly.

    And what makes you think i didn't make it? I have made it. I work when I want to but I've had to make concessions to do so, and you will too.
    I'm working now, just not driving at the moment.

    But seriously man, bragging about throwing away money is not going to do you any favors with anyone in any business at any time. Never has, never will.

    It shows a serious lack of life experience.

    That said, I'm done talking to you.
     
  10. Sons Hero

    Sons Hero Road Train Member

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    In my experience, the people who actually have money, don’t have to be constantly trying to convince others they do. And I personally know some filthy rich people who live outa Aldi and drive junky vehicles. I worked in sales for my dad for 10 years, and the people who showed up in designer clothes driving brand new vehicles were the ones who almost always asked for financing.
     
  11. Trucker.1986

    Trucker.1986 Bobtail Member

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    That's what I want to hear. If it's worth it to even take an investor. That sounds like what might happen too. I'm committed 100 percent for what ever happens. I'm not probing for hope I'm probing for outcomes and this reinforces what I want to begin with.
     
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