Why now is not the time

I wouldn't listen to one guy pulling guesses out of his ###. If you base it on history over one person's guess, there will most likely be a boom in the coming years just as there was with the Spanish flu.

 

We could all just go to work for Amazon or Walmart if everything gets really bad.

 

Anytime is a good time to start.

Same preparations are needed, whenever a person starts.

Sink or swim. Some of the best prepared people fail.
Some have succeeded starting with all funds borrowed.

Throw in a bit of good luck, voila, success. A touch of the bad luck, it's a harder struggle.

 

I'd wait until a good year into the new administration if I were looking to buy a truck. I think the economy is gonna correct itself in '21, used trucks will be cheap in late '21 and '22.

Just look at the stock market. High as ever right now. It won't continue forever.

 

A little news flash. As far as the trucking industry is concerned, your in one. Hope your taking advantage of it.

 

I didn't listen when people told me I was nuts, and that was in 1988. You know what? They were right,,,

 

First.
An Owner Operator, not a lease operator is an entrepreneur.
The quick definition given by Mr. Dictionary is...
noun
a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Many entrepreneurs see potential in this market, not all are cut out for it, as some aren’t cut out for working Micky Ds, “You want fries with that?” For the rest of their life.
Others cut chickens at chicken processing plants.

Just because your an owner operator doesn’t mean you have a truck and trailer only, you can expand with franchises.

Another definition.
“An owner-operator is a small business or microbusiness owner who also runs the day-to-day operations of the company. Owner-operators are found in many business models and franchising companies in many different industries like restaurant chains, health care, logistics, maintenance, repair, and operations.”

Ask yourself these questions listed below, if you can’t do any, then you’re wasting your time as an Owner Operator and a
should stay driving for someone else.

Top 10 Tips for New Owner-Operators

 

I started a lease purchase deal in november 2019 with a flatbed, at a mostly step deck company..... Novmeber is like the worst time to start flatbed and we all knew where the rates are at at the end of 2019, with a pandemic looming 4 months around the corner that nobody knew about..... Ok it was a tough year . But we kept grinding and building relationships and made the best of it . im focused on beating my numbers by alot in 2021. This business is what u make of it... best of luck .

 

The most successful people I met in trucking, started in 2008-2010, when a lot of people left the business. They made it through the slow times and when the market turned, they were in a good position to take advantage of the rates and build their fleets.
Opening a business, is like having a child, you can't never be fully prepared.