I let go of Pre-Law/ Collage because i just didn't see the money side of it, and by the way it was extreme similar or even worse family/work ratio. As far as from restaurant owner to trucking, its because i'm trying to have a game plan for the future, like i said i am 29 yrs old, i have a brother who is 25 and another who is 32, We are work horses and all well educated. I know you look at it is downgrading from school to trucking but knowing what i know about post-grade pay, i much rather be in food/trucking.
I have many family members that went into trucking and made good money, they complain much like the rest of the industry but i know how they live.
I'm looking at it like this, if i work for a couple of years, screw family/work problems i have that handled trust me, and understand the business, get a couple of trusted people i know ( and i know a few) and pay them well AND not drive. If i can make 20-30k a year from a truck and NOT drive, i will be happy (DOWN THE LINE TALK)
as far as surviving trucking for the first 6 months, I'm good with that also.
In your experiences, what do you think total expenses would be for a truck running 2,500/miles a week?
Thinking of a career in trucking
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I am not trying to be mean, or pick a fight... but, you are kind of coming off over confident for someone entering a career and industry that they don't know a lot about..
I have family who work in the medical field, from Physical Therapist to Surgeon... doesn't mean I would do good in med school and opening a hospital...
Your question... on what I think the total expenses for running a truck 2,500/ miles week would be..
Definitely shows you do not know as much as your confidence has lead you to believe...
Let me ask your question a different way...
What is the total cost to a restaurant to feed a family of 5 who comes in every day?
It is a bit arrogant to think you are just gonna drive for a couple years, then get together with a few of your peeps, and enjoy the good life of your trucking empire...Toomanybikes Thanks this.
As far as my question goes, it is because I don't know and that is why I am asking. I know there is depreciation cost but i need to have an idea of how much per year. I know there are tires cost, don't know that either, thats why i am here asking. I know there are insurance, fuel, permits, tolls, cost of living etc etc etc that all are factored into how much you net. I've been reading some older posts for a while, i just haven't been able to narrow it down to a point im comfortable with.
to answer your question, my restaurant avg check is $9. So on an average day with an average family it would cost them about $45 and as i said in another post here earlier, i get to NET about 20% which is about $9. That is after food cost, labor, electric, gas, insurance, rent, uncle sam, accountant, merchant fees and every other blood sucker that wants my money. Now for non-average families it can go as low as $20 or $60 but that's at the end points of the standard deviation curves.
Also, i do have the capital to support me, its not like im going out there and buying trucks and living in them, what i want is go and work and learn the business. It took me 10 yrs to open my first restaurant from being in debt to having financial freedom, but it only took me maybe 3 years to be on of the top managers in my region and going out and helping other stores within the company.
There is a fine difference between arrogance and and confidence and ill be the first to tell you that I am confidence, but arrogant i am not. I would be to proud to be here and asking for advice.
There are a lot of people here that can give you input.. but just like with the restaurant costs for feeding a family of five.. there will be variables...
You might fight this site informative..
Also i was looking at https://www.thetruckersreport.com/infographics/cost-of-trucking/ for information and i am finding it helpful. Just want to learn the finer details. I very much appreciate your help honestly.FireLotus Thanks this.
The biggest piece of advice to anyone in a happy relationship/marriage with plans on kids is not to get into trucking. If you value that relationship, trucking has a very high chance at killing it, no matter how hard you and your partner work to keep it together.
The second piece of advice about trucking is learn to drive the truck before thinking about turning it into a business. The dream of being an O/O these days for a lot of people will only ever be a dream. The freight market isn't strong enough to support independent operators these days, and unless you specialize in things like oversize, it's going to be brutally difficult to not only make the truck profit, but make enough to pay yourself to support a family.Eeyore05 Thanks this.
I'm selling my soul today. Kinda.
Taking a job fueling equipment from a small tanker, and at times pulling a regular tank ( fuel ) for larger projects.
Still not a big company.
$3/ hr. more. OT after 40 ( Most weeks are 50ish ). Paid holidays. Paved parking lot to park car in. Weekends off, work every other Saturday, although if they want to go to 60 won't bother me. $1 raise after 90 days. $1 per year next two years.
Probably turn my notice in tomorrow.
I'm so going to hell.
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