Why do most owner operators fail?

So who said most owner ops fail?I imagine many are out here.Some just quit due to high fuel prices and all the laws.They can't make any money.

 

i was wondering that also, patty

i spoke to my IFTA lady, she said the amount of Owner Operators is increasing

 

This is one of the best ''common sence'' pieces of advice i've read on here in a while,SHC. Folks can always increase their knowledge on any subject if they are just willing to sacrifice a little chunk of their spare time to do just this exact thing. Good advice,my friend.

 

your not telling me things i don't already know. it's pretty obvious SOMETHING is wrong.

BUT

kind of hard to fix things that your not aware of. i keep taking it in. and they keep saying nothing wrong. and that's 3 different shops.

so whatcha gonna do????

 

What?........

 

Gotta have a plan and gotta set a goal, working without either of these is business suicide.

 

Very well said, if you understand the mechanics of your truck it is harder to rip you off and you can fix the small things quite easily.

 

Hence the problem of O/O fail. Not knowing their equipment, getting in over their heads and no business plan. Retired after 38 yrs of sucess as an O/O. Did I drive illegal you bet I did. Did I drive outlaw style ahhhhh yup. Were my trucks always shiny and flashy heck yeah but I learned that if you dont treat it as a business you will fail and fail fast plain straight fact. It takes alot to be a true sucessful O/O and hard work is the key. U have to ask yourself do I really need that new fancy radio or those chicken lights and so on. Hauling cheap freight at time to get u in a better area is a choice we all have to make but its better than sitting or deadheading an out of pocket expense that today can be costly. New laws and to much government are hurting the industry for the O/O just starting out and to the Vets out here.. And those fleese purchase plans are just that a fleese. Failure is only by the,person not the truck. Be safe,im just,dust in the wind these days.....RW

 

To Snowy.

I guess it is time you sell your truck and by one that can save you close to a grand a week. That could be put away for a college education for one of your children.

As for roadwarrior. You are quite right, in that it is not an easy time to start as an owner op, the regulations are brutal especially for ones that cross the national borders. Times are still hard and it looks like they will be even harder soon.
The good old days are gone where tolerance and understanding by regulatory bodies were common.

 

to alex.

tell me something that hasn't already crossed my mind.