Question about investors in the trucking business

You're going to need at least $20k just to keep fuel in the truck for the first 3 months while you wait for the money to start trickling in. Probably another $10k to cover insurance during that time.

You're cutting it too close. Like was said by several of us, one breakdown and you're out of business. A truck purchased for $40k or less is going to have issues.

My 2 cents is double your startup capital because you're on a one-way trip to the poor house with your current plan.

 

1. You are assuming that there will be profit. Maybe. Maybe not. What then?
2. You and the wife run team and driver pay is $.70/ mile. Is that for the both of you?
3. How do you plan to get loads? A load board? Cheapest freight there is. Or do you have a contract in mind?

 

If the partner is only kicking in $40k

why would you bother having a partner at all ?

as mentioned , there’s a long thread on here from “doubleyellow “ where he documented every dollar in and out of his trucking venture .

in trucking there simply isn’t enough profit to have a driver .
Especially if you’re using load boards and brokers .

If you have your own direct freight , you might can do ok .

and again , you need to learn the basics of the business model before you buy into it .

no different than a pizza place or a nail salon or a grocery store etc

would you buy a nail salon ?
With a partner who knows nothing about nail salons ?

and start doing ladies nails ?
Having zero experience doing nails ?
And zero experience with managing and running a nail salon ?