Is about reflection.
When people with years of experience in any industry take time to tell you stories about how they have handled situations. Or how they have been handled by situations. They don't know it but they are handing off advice or bear minimum free knowledge.
I first came to this site bright eyed and bushy tailed with my eyes and ears wide open, starting sometime between 2012 and 2014. I have gained a lot from being here.
One of the biggest mistakes I continue to make is letting stuff in one ear and out the other. I'm not talking about repairs. More so I'm speaking on every day running of the business side. From paper work to maintance to having a maintance account.
Of course the niddy giddy for most of us is different. But the core is the same. Today's lesson is I am my own worst enemy. I have single handedly almost lost my truck to bad maintance. Almost lost my contract with land star do to a poor attitude. Almost got into several road rage issuses. I have Deffinetly blew my repair account on toys, and now severely paying the price for this one.
Here I am at 2.5 years as a o/o. And it just finally clicked. I have a lot of ground to cover over the next 6 months. As I am basically starting from scratch.
Thanks every one for you continued help and thanks for this site.
How far where you when it clicked or did it come natrual?
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It clicked with me about 24 hrs before I picked up the very 1st truck I purchased when I started ..
It was when I was in the banker's office signing the papers for the loan and he showed me what my Monthly payment was going to be .. after he gave me a 1 hr lecture about how I would never make it .. but I was young enough to try something else when I failedLast edited by a moderator: Oct 1, 2023
I believe you've mentioned this before, and I've always liked your comments. The day the tide turned for me, is when I HAD to do it. Married, kids, house, there was no time to learn anything else. THAT'S when I began to hate it. Oh, I tried everything else, but it all centered around trucking. My O/O days,,,the best of times, the worst of times, and eventually, did me in too. As an old-timer, might I say, you have time on your side. We've all taken a tumble or 2, but got back up and rode. The "bright eyed and bushy tailed" person is still in there, just bogged down with the BS of todays life. Stuff we, as old timers, never dreamed of. Compared to what has come through here lately, your story isn't so bad, and can be salvaged. 1st, and foremost, put all O/O ideas out the window, cut your losses and start over. It's what makes America great. Chinatown lists so many great company jobs, and with your experience, I don't know why you haven't done that yet. EVERYTHING will improve. Dedicated account, nice new truck, checks start rolling in, BAM, new fissin' boat, and on your way. Hang in there pal, we're on your side.
I was always a numbers guy. While driving down the highway I had a small calculator I could use with one hand while driving and was constantly playing what if scenarios with the numbers. I eventually wore out the calculator buttons.
I did a lot of scenarios several years before I even drove truck using material that I read in trucking magazine articles. Then when I actually started to drive I was able to confirm things like speed vs fuel economy, tire wear and maintenance.
The control of your expenses is your biggest advantage compared to large fleets or even most owner operators. Competition limits your options on the income side.
Any improvements you make to gross income is offset by its effects on mpg, speed, time spent or wasted, wear and tear.
Any improvements you make to expenses you get to keep the entire amount saved.
It clicked for me when I bought out my partners and went completely on my own. Luckily I had some good people working for me, office staff and shop, who were used to running things the way they needed to be run to make a dollar. Even so, eventually the responsibility for making things go was mine.
The first thing I did was trim a lot of fat...equipment and people. You can be a decent person but you can't be a push over for every guy with a cheap load to haul or an employee who isn't pulling his weight. It's a business, run it like one.
People will lie to you. Some of them will lie when the truth would save them. Get used to it.
Also, I have a couple of competitors that make great role models for how not to run a business. Between the two of them they've made every mistake in the books but they're still in there trying. My favorite was the guy who had a big swimming pool put in at his house, went downtown and picked up his wife's new Escalade, had a few pops down at the Elk's and then drove the Escalade into the swimming pool. Don't be that guy.
Back at the end of 2011 I was newly divorced and pretty broke and had gotten into a truck because I needed a job and there wasn’t really anyone I wanted to drive for. I lucked into some good things and I was able to earn enough money that it outweighed some of the stupid choices I had made. If I did something I shouldn’t have done all I had to do was go run hard for a while to put some money back in the bank. And that’s not a good mindset to have because all I did was end up with some paid off vehicles and some property and I was so burnt out from hauling cattle I didn’t even want to look at a truck anymore.
Then I sort of had a midlife crisis that lasted a couple years where I moved to Montana and later Hawaii for a little bit.
Then I bought another truck and found myself right back in the rut of buying stuff and then running hard to pay for it. I guess when it clicked for me was when I leased on where I am currently and realized that if you’re smart about stuff you can run a 100% legal log and have a decent life. The last 2.5 years I’ve been way happier than before. Yes I watch my expenses, yes I drive a slope nose truck, but I’m no longer running high miles to pay for non-truck things like I used to.
Great responses. This high blood sugar has me a little shook. I start the pills next week's 1000 mgs a day. Or 2 pills.
Salad time I guess. Thanks every one have a good week.!
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