Is Becoming an Owner Operator Right For You? Owner Operator Business Series - Part 1
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- Опубліковано 29 сер 2024
- www.smart-truck...
Check out the Smart Trucking website for a more in depth look at the what things you should consider before making the decision to become a trucking owner operator. It's an important decision for anyone and not to be taken lightly.
This is the first video in a series for the owner operator, becoming an owner operator: Is It Right For You?
We look at a number of questions each individual should ask themselves before making the big decision to purchase a truck. Planning, research, determination and work are the necessary elements for success for the owner operator.
More Owner Operator Videos:
• What Owner Operators N... Owner Operator Business Series: Buying a New Truck - Part 2
• Should I Become an Own... Should I Become an Owner Operator?
• How to Calculate Owner... How to Calculate Owner Operator Trucking Costs Per Mile
• Owner Operator Pay: Ho... How Much Does an Owner Operator Earn?
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Having a positive attitude helps a lot. I like to fill my tires with confetti. That way, if a tire happens to blow out, it is still a good day.
Good idea with the confetti! Dave
1stack Mack your funny !!!!
😂😂😂
Thank you for this video. Ive been driving for 25 years as a company driver. Im now 58 and considering being an owner operator . Im very nervous and find comfort in your wisdom and guidance. Trying come to terms with the plunge .
Debating getting my CDL next summer or maybe even this winter. There are a few O/O in my area that make good money and home every night. That would be nice one day.
I like your videos. A lot of people making videos on youtube and don't have a clue what it takes to be an O/O. As a 15 year driver I'm always looking to fill my brain with more knowledge. I constantly come across a bunch of BS. All of you new truckers should watch and learn. She's not covering every intricate detail but it's good information. I took something from it.
most of successful people in the world they never thought of what they do,they just got there and did it
Thanks for taking the time to put this out. I've enjoyed your past videos; helpful info and funny rants (LCVs).
This video has the reminders I need as I am looking to make the change. Thanks!
Corey Etheridge Good to hear Corey. It's a big step to take. Do your research and don't jump till you're ready. It can be a rewarding career, if done right. Yes, love doing the rants and raves. LOL
Great video thanks!
Where is part 2 of this video. Not finding
thank you for you're time of REALITY of the business very helpful god bless !!
Good advise! Is indeed a tough business!Yep a good positive attitude for sure helps!
thanks so much for informtion
Thank you very good info
drive 2yrs or so for experience. .buy a cheap truck with low weekly payments. ..put money away for maintaining truck, my maintenance n book keeping is in between loads..hometime is hometime away from truck. .
very good information and presentation
Wow I got alotta work to do. Lol dang sure ain't gonna rush into it. Thanks for the videos y'all do.
Owner operator truck driving is completely different from other businesses.
wow really
The only Thing that concerns me is how Many Say that you MUST buy/Finance A NEW Truck.. This Is where I disagree.. If You Know How to turn A Wrench and know what you need and what to look out for.. I see No Problem at All Buying A older Truck..Plenty of O/O Run Trucks that are 90s and Older.. And Make Money doing it too.
I feel That Even Trucking has Taken hold of this "Must be new" Fad..
I think that's a righteous statement. I'm thinking about class A. Been driving class B local. Problems with the new trucks is awful. Had a dealership tell me that the average over the road truck is in the shop, 2 to 3 months in the first year. That is awful! How can anybody make money like that?
In the next video on this. He says he would put a rebuilt old engine/tranny in a new truck. He's being nice. Trying not to be rude about the new trucks.
IN terms of money, I wonder which one is more profitable? Have you been able to do both? work for a company and be an owner operator? Would you buy a used truck? 2013-14? Excellent video. Thank you very much.
+E Galindo I have done both and these days for the most part you're better off as a company driver. Profitable owner-operators are becoming a thing of the past. Dave
Basically I would like to get into A lease to own program and put money away for the maintenance of my truck, I don't make much now after the collapse of the oilfield industry so I can get by on 1000 a week and be happy my truck note and bills are paid. I would do this for as long as it took to own the truck or cash out with money saved in my personal savings or maintenance account. Then I would drive my truck home use it for security on an end dump or belly dump and work locally and be home every night, I would pay off my trailer then purchase a flatbed because we all know rock hauling is seasonal so in winter months I would hire a broker. I wouldn't do this with the intention of getting rich I would do it with the intention of making a living.
Thank You for taking the time to make an excellent video.
You don't show monies being set aside for big repairs or other surprises. That comes out of your net, then?
I actually make more driving for a company. Therefore, something doesn't add up. The company isn't losing money by paying me what they do. Please explain the disparity.
Thank You
Ken Companies aren't paying owners the right / fair money for the loads we haul. I've been doing local container work for 3 years as an owner op and I can tell every load is about 100$ short and it gets worse once you drive out of the 100 mile radius.
I don't know much about owner operating, but would it really take years to learn? I want to work in oil and gas since it's the field I know so I'm going to give it a shot after working for a company maybe 6 months only. The less bosses the better.
The only thing holding me back at this point,and it might be a stupid reason, but I want to find a reasoned vet of the trade to putt around and follow. Does that make scence, or should I jump in with 2 feet and pray.
I'm wondering if this would be an easier task if I took a lesser mode in the trucking industry for example dump truck instead of regional tractor trailer driving as I do now for a company.Been a company driver for 20yrs feeling a little bored and somewhat stuck.Can't see myself going into my late 50s and 60s taking orders
what about buying multiple trucks outright cash n then hiring drivers to drive.... does any1 have experience with something of that sort?
+Bushmane Ent.
yuo'll find you'd be better to invest that cash these days than buy trucks, better return on your money and less risk. Dave
*****
well isnt buying something like that an investment anyways , but what do u mean by invest ? like stocks? i already have tons of money in stocks and they are doing pretty shitty at the moment.
Broker your own loads
Robert Yarrington thank you! I was wondering if you could cut the middle man and take care of it yourself
yesss it will have a slow start but it will work out eventually
why would that be a bad option
any books or ways I could use for a way to run my business? finding my own loads taxes laws managing my accounts what type of business licensed to get? so much to think about? maybe running teams with a friend that way we both put money in a business account? so much to think about?? how about filling bankruptcy to start out fresh? any ideas would be awesome thanks..
nate belcher those are too many damn headaches to worry about man, and not enough money after expenses are accounted for
Hi my husband is starting to Become owner operator her in Canada just wondering how can i help him for paper works or book keeping I appreciated if you can give me a tips
Find a good tax accountant, and download Quickenbooks.
Bring a bike, eat healthy, dress to excercise so you DO it, and stop and enjoy the views.
what if I buy a truck and hire a driver. would that be a better option
Dakari Franklin
It would be a much worse option
Dakari Franklin If you know the driver personally and know that he’s a good driver that could work but I would advise against it.
Any advise on how to get my CDL bcse my class A was suspended over for not paying a speeding ticket 1yr 1/2 ago and now Prime denied me saying my driving record has to be clear over 3yrs. I've already got a owner operator that wants to hire me as soon as I get my CDL but I need to get my license any advise appreciated Love. Thank you
your license wasn't re-instated after you paid the ticket? Dave
Being a O/O isn't that great in these times. years ago was much better. the companies were around along time had great names, and great people whom ran them, owned them, putting a truck on then with some of those companies was ok. but now... wow its hard... there is no money left.. aftr fuel. home expenses, truck payment, house bills, food, gas, just everyday living you must be able to make ends meet. truck payment 1500.00 + 6000 fuel+house payment 700+house bills 500+food 300+ food on the road 600+ tires twice a year 8000.+ repairs 5000 on hand... or have a GREAT banker.... its not fun...anymore I got rid of mine in 95 when I was shorted 6000 on my check when I lost my great Load broker... my heck was 23000.00 and I said that's it... NO MORE
cainerama you forgot to add taxes, state and local lol
I have 11 years OTR company driving. Never once had the capital to start my own biz lol
I believe you. Dave
No need to eat EVERY day.
Well......there goes my life. Time to throw it away.
I have a question. I have been out of driving for about 6 years and working as an LEO for almost 5. I have thought about getting back into driving but as an Owner Operator instead of a company driver. In your opinion would it be best to purchase a truck separately and lease on with a company to start out or is leasing a truck with a good company the way to go? Any other ideas or concerns? Thanks again
I wouldn't recommend being an owner operator these days but if you gotta try it I would not buy or lease the truck from a carrier. Dave
Smart-Trucking.com Thanks so much for the information. I appreciate the feedback. Thanks..
Don't do it, ITS A TRICK !!!!!!
Randy Hutchinson you sound like mister satan from dragonball z lol
never go into this business if you don't have enough money, without it you are going to loose in this field.
All common sense and no details. Waste of time.