What does it mean "to run it like a business" for a solo o/o?

Ohhh c’mon man

 

probably most people can't do 2.) and do the separation therein lies most of the problems
its an "i want it now" world out there

 

And one bad driver could lose it all for you.
One bad mechanic, and one bad renter too.

 

Maybe the guys that say “It only costs me like a buck a mile to operate”. Or “long as my fuel is paid then I’m breaking even”.

These type of people are not treating it like a business. Treating it like a business means all expenses to operate without yourself doing the work must be accounted for.

 

I’m not necessarily saying how much one can get. I’m more talking about someone who doesn’t see things for what they are. Not knowing ones expenses down to the penny and not counting ones own time is not taking their business serious. Here’s why... if you get hurt or have a health problem, or God forbid die... can you or your wife put a driver in the truck, hire a mechanic when needed, run the truck like it normally runs, and the business at least be viable? How about very successful even?

If the answer is no then this person needs to reevaluate and treat it more like a business.

 

For Me, it simply means keeping the Business and personal separate. It’s hard to do from the git go. Since most Truck Loans need to be guaranteed personally. I don’t worry much about any of it. My Company makes what it makes. I make what I make. Not very complicated. No need to pretend I’m running a Big Business. Honestly running a paper route at 12 was harder. It would be more important, if I had plans to add Trucks. I’m happy if I’m making more than I would Working for someone else. The extra hassle is worth the Security I get by being in charge. Don’t like counting on others. That hasn’t ever worked out well for me. I’ve seen plenty of examples of both extremes. Family run Business’s rarely thrive, because of the Lack of Proffesionalism. I think it boils down to Self Discipline. Being honest, knowing the numbers, knowing when to quit.. Having said that, I’m running low on Self Discipline and Desire to keep Trucking. I swore I’d quit, if I ever lost the Enthusiasm. But it beats any alternative I see. And it’s what I know. And I’m pretty good at it. But after 35 yrs. I’ve finally had enough.

 

This is something that I would think is why I am successful doing what I am doing.

• Having solid goals
• Policies to stick to a plan to achieving the goals
• A strict discipline to create an organized company and work to keep it organized
• And a lack of emotional business decisions

oh and one thing that was told to me when I young by this guy my uncle and I met when we were at Ford taking a tour (rouge tour was so much better than now). He was a famous guy who was in the news (not a Ford) and he took us to lunch which was so cool at the time.

He explained he works at jobs to do what he enjoys what to do (like what George Clooney does but he wasn’t Clooney), he was paid to drive and enjoyed working and modifying cars as his real vocation.

I didn’t get it then but when I was out of university, I had to deal with suits that were so dedicated to the company and that was their lives. I wasn’t going to be like that, it would kill me.

So I made it a goal never just own a business to own me but own it so I can walk away from it any time to go do what I enjoy to do.