What's a business plan?

Discussion in 'Ask An Owner Operator' started by TallJoe, Feb 26, 2021.

  1. TallJoe

    TallJoe Road Train Member

    5,342
    9,292
    Apr 12, 2016
    Chicagoland
    0
    What the heck is it? By default, it cannot be much else but about hauling goods and getting paid.

    Define it.

    Give me examples. But don't bother with trivialities such as: be prepared financially, do the due diligence when buying a truck, research the freight market, when leasing to a company check on them first., etc.


    My impression is that most of success stories are not the result of some algorithmic execution of a business plan but spontaneous, sometimes lucky, turns of events combined with a personal courage, which may or may not have anything to do with work ethics but more with boldness, ruthlessness and no fear to gamble with one's peace of mind.
     
    Last edited: Feb 26, 2021
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. not4hire

    not4hire Road Train Member

    6,931
    25,475
    May 16, 2012
    Calgary
    0
  4. xsetra

    xsetra Road Train Member

    4,096
    4,473
    Aug 21, 2011
    0
    My plan. Book a load. Deliver. Get paid. Repeat.
    Never had a plan on paper.

    On a bad day. Do what has to get done to make to tomorrow.
    On a good day. Enjoy the ride.
    On a great day, bank it, cause you know a bad day is. Coming.
     
  5. bonder45

    bonder45 Heavy Load Member

    839
    1,923
    Oct 2, 2011
    Williston, ND
    0
    Here's what I did, take what you want from it.
     

    Attached Files:

    • BP.pdf
      File size:
      1.6 MB
      Views:
      91
  6. Old Man

    Old Man Road Train Member

    4,119
    10,832
    Apr 3, 2009
    Oklahoma City, OK
    0
    Bringing more money in the front door than goes out the back.
     
  7. tommymonza

    tommymonza Road Train Member

    4,464
    12,438
    Sep 10, 2013
    S.W. Florida
    0
    Its not how much money you make, its how much you keep.
     
  8. bullwinkleprime

    bullwinkleprime Bobtail Member

    16
    8
    Sep 30, 2010
    otr USA
    0
    Amen Brother
     
  9. bullwinkleprime

    bullwinkleprime Bobtail Member

    16
    8
    Sep 30, 2010
    otr USA
    0
    Amen
     
  10. Rideandrepair

    Rideandrepair Road Train Member

    9,433
    23,017
    Aug 8, 2015
    0
    Once you get a Business plan, I think you need a Mission Statement. Then money magically falls into your pockets. Lol. Real answer send $9.99 and a SASE to PO Box..... Otherwise, I’m sure Kevin Whatshisname has the answer.
     
  11. The Crossword Trucker

    The Crossword Trucker Medium Load Member

    529
    594
    Feb 21, 2015
    0

    This.
    But I would quantify all this with numbers right down the fuel economy of the truck.
    The amount of days you can go without a load and stay afloat
    Contingency plans for downturns like moving your operation to a better market . This in particular if I were a lender, I would love to see that on paper because it shows a higher level of commitment. As a lender I might not even know that was an option if logistics is not in my wheelhouse.

    When you write stuff down like this , you also get to figure out the limits of what you are willing to do. Many people have trouble visualizing all the potential twists and turns the future may hold . Helps to write it all down.

    If you are a seasoned veteran , you can hold all this in your mind without any problem and the only reason to write it down is to get a loan.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Draft saved Draft deleted