***wanna Be A O/o***

Discussion in 'Ask An Owner Operator' started by starstress, Apr 28, 2007.

  1. starstress

    starstress Bobtail Member

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    Dec 7, 2006
    A-T-L Baby
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    Im a comapny driver who has 2 months left on his contract and am thinking about becoming an o/o. Before I do that Im wondering if theres a book or website where I can get the do's/dont's, ins and outs of ti and learning about fuel tax and all that, can anyone help.
     
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  3. Burky

    Burky Road Train Member

    If you look below, you will find a post responding to a similar question from a poster named Rook75. And the advice that is given there by myself and others applies just as much to how you should go about getting started and what areas you need to learn about and the information you need to collect. At this point in time, since you are just finishing up what I assume to be a first year contract with a training company, then the basic idea is that you are probably still not experienced enough in the business to make the investment in buying a truck and going out on your own.

    There are a lot of things that you need to know, and usually you don't pick those items up in the first year of driving. You need to have a firm grasp of the numbers involved so that you can make a decision on how to proceed. You need to have the knowledge and ability to spec out the truck correctly for the work that you will be doing with it, and need to have the capability to maintain that truck yourself as much as possible. You need to find a specific area of trucking to work in and have a feel for the ebb and flow of freight and know how that will affect your finances from month to month. You need to have the credit available to buy a truck, and have the financial resources to operate it once you get hold of it.

    I'm not trying to dump on your dreams or plans, but the goal here is to get you into a business for a long period of time, making a profit and being successful. Too many people start up inadequately prepared, and they end up driving endlessly down the road for 92 cents per mile, working their tails of to stay further in debt. You can make a success in this business, but it takes a lot of hard work and an extreme amount of planning and preparation. If you bypass that step, you end up in a lease purchase plan and walk away from the end of it with less money than you started and a tale of how the company put you out of business.
     
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