I'm Shutting Down My Hotshots Trucking Business (not clickbait)
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- Опубліковано 29 чер 2024
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Unfortunately since I've been watching you, I knew this day was coming. You have tremendous drive, tenacity, enthusiasm and a wonderful entrepreneurial spirit. You will come back and you will learn from this and be successful. As a business owner who was fortunate to sell my business, I want to show you some areas that led you to this day. First, you focused on "Revenue" and not "Profit". Profit Dollars are KING not Revenue dollars. Secondly, you added way too much expense dollars by growing too fast. A wise CPA asked me when I started my business, "What would you rather have, One more dollar of Revenue or one less dollar in expense?" The answer is one less dollar in expense. You took on too much expense with drivers, trucks, trailers etc. combined with the factors out of your control, rising insurance & fuel costs and shrinking broker rates. Turn in the trucks to Enterprise and sell off what you can. Lastly, the most important thing is your beautiful wife and family and your health. The last time I looked you had all that. You are Blessed! Any company would be lucky to hire you! I can't teach someone the INTERNAL DRIVE you have. That is a gift from Almighty God and you need to recognize that. You are not a failure. To use your words, you just earned an MBA the hard way. Ask the good Lord to give you direction and He will. "For I know the plans I have for you, Alex, declared the Lord, plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11. God bless you.
Totally agree with everything you said.
He really is a great guy as far as his work ethic.
Love this, i learned a lot just reading this comment!
Agreed, love his drive, but from day one he needed for someone else to be in charge of the money. Some one with the power to say NO! With 17 trucks out there he needed a minimum of a $1 million cash oh shit fund for surprises.
One thing I'm curious about, remember the guy that invested $150,000 in his business? Did he see penny one from that?
We signed on with Alex in November. I found Alex to be 100% genuine and honest. Any good feelings I have about this industry are firmly rooted in this guy and his character and integrity. In six months we were never left without a load, never deadheaded more than 200 miles and money was in the bank EVERY Friday morning.
I have absolutely zero regrets signing on with Alex and TowPiglet, it has been a wonderful adventure and an excellent learning platform
If a guy of his intelligence and integrity can be put under by this industry I don't hold much hope for anyone else under same conditions as exist right now in this market and economy to thrive or succeed
Alex it has been a pleasure getting to know you and I cant tell you how much we appreciate your faith and patience with us.
I have no doubt whatever you do from this day forward brother you will be successful.
Lol bro.. we’re CRUSHING it right now. too soon to be mr “no one can make it in this industry right now”
@@criminalsxxx4394 Your comment means nothing.Prove it with data ,financial statements.Balance sheets.Proir tax records.Until then tell your mom your cereal bowl is ready to be picked up but knock first.
Well said. Been an independent trucker since 1998. Like any industry it has it’s up and downs. Alex is a really great guy. He’ll be fine and you will too. ✌️
How much % he was taking from you?
complete respect!
You did not fail. You help 1000's of people, you inspired so many of us by allowing us to watch your journey, however smooth or bumpy it was. So many of us have found a way to make a living on our own terms because of you...... keep your head up and keep us up to date on your next adventure! Much respect Alex!
Thanks Scott
Bro...ive never in my 31 years on this earth heard the amount of employees talk positive about their boss like this especially in trucking. This is my first time seeing one of your videos but that speaks volumes and ive never even met you. good shit bro
Alex you were the best boss a driver could ask for!!! No hard feelings it's part of life bud.
Awesome
I never thought about how many things are entirely out of your control in this industry. Trucks and trailers jumped 50% in cost, fuel doubled, and insurance doubled in the span of 1 year, while rates stayed the same or even dropped slightly. That’s just a lot to overcome all at once.
My insurance dropped 25%. that helps.
@@mrtee3477 my insurance dropped a little bit I know it’s going back up next year.
Honestly this business hotshot trucking is definitely not everything that it’s cracked up to be and it’s definitely not a get rich quick type of business like most people that are either getting into this business and sone who already are in the business actually thought because they see people on UA-cam and social media bragging about how much money they’re making every month and honestly that’s when the hotshot truckers with common sense and are for the most, pretty intelligent people who really truly did their research before even stepping foot in this business and truly have a genuine plan with being in the hotshot trucking world will last for years to come even through these horrific times we are living and experiencing right now. there are too many kids I see out there that have no clue what they’re doing at all from driving to compliance to having the proper equipment in their tool box when picking up a load from a shipper I’ve seen some ridiculous things out there but Alex is a true inspiration he actually had the balls to take it to the level he did and it just didn’t work only because of the problems we are facing in our country theses days I’m truly sorry I feel bad but Alex u will be great at any business you get involved in brotha stay up
When trucks and trailers jump 50% it is the time to be a seller not a buyer. His problem is that he eyed increasing sales instead of increasing profits first and didnt have the necessary business experience or finances to support it.
Trump warned everyone what would happen if potato head Biden got in office I hope everyone effected by what is going on in the United States voted for potato head Biden your getting what you voted for
I’ve been watching you from the beginning. You have come along way from changing axles on the side of the road. But don’t see this as a failure. I’ve opened and closed businesses for the last 30 years. I’ve made money and lost everything. I’m in trucking now. Own MC. I don’t take direction well from others.
I’m never afraid to take risks and start a business. We only live once. You learn from this and keep going Alex.
The man who never made a mistake. Never made anything☘️
I’m sorry to hear this young man. I also went through this sort of things some yrs ago. My business was in sheet metal fabrication and in 07-08 the economy was going down hill the housing market was taken a hit. My supply cost had risen by 60% the house construction was down by 40% in my area. I raised prices to try to keep up but it was just the start until I had no Choice but to let my 30 employees go and close down the operation then on a personal note I was going through colon cancer and a divorce. It was a very rough period in my life the Constant thought of being a complete failure and will be with you for some time. But the best teacher is failure and after a while you’ll start to mentally feel better and move on with your life. I started another fab shop in 2010 this time a little differently instead of high priced journeyman I started used the rapid growing high tech Machines that were just coming on and using people more of a strictly labor force and started selling to the auto manufacturing companies. I ended up selling the company and retiring 1 1/2 yr ago and living my best life. As long as you still keep the hustle and determination alive in you Alex you’ll be okay. Good luck son
Dr.Frag, congratulations on n your own success as well. That's also a tough business in today's economy imho. I have met so manyyy Americans that have sold or shut down their businesses since obidumb took control with their satanists agendas. Folks are just getting out asap it appears n retiring with less n much sooner than they expected.
We are systematically being destroyed financially, Spiritually n as Constitutional Republic. Divorce is worse than sicknesses, yet I don't have colon cancer. But have 500k in spinal injuries n 24/7/365 pain being all I could be with a IED. Pray you enjoy your retirement to its fullest n retirement that ALL WOMEN are the same when good times end. I was married for 25yrs to a sweetheart from heaven. But once I had problems, she was gone n I was wayyy too nice. I'm retired also, but by force n noone will hire you with a bad spine n TBI even though I am ok most days head wise. lol. Little bit kooky at times, but that's me now. Enjoy your time, as we are being sleep walking towards nuclear war imho.
@@tyclark8162 Thank you Ty for your kind words. As a veteran my heart bleeds for you my brother. I was in the Navy back in the early 80’s so I served during so called peace time. I never had to deal with a cowardly enemy that had to use IED’s as a last resort of a fractured military. I can only hope that you can get some help through the VA but we both know the likelihood of that happening. I can only wish you good Fortune, happiness and better health in the future.
“I love and hate trucking simultaneously.”
I felt that dude.
SAME
same
I have admired you since watching you when you had just your truck. Your work ethic and integrity are to be commended.
You have learned invaluable lessons that no college could ever teach you. Good luck buddy. You got this!
I've been in trucking for 44 years now and never has it occurred to me to expand because I always remembered the advice given to me by an old timer many years ago. You can control to an extent the performance of one truck when you are the driver ( one truck one headache multiple trucks means a lot of headaches and sleepless nights) stress will kill you.
Sold the business in 2000, trucks, tools, parts and everything. Walked away debt free with cash in hand. Felt empty and defeated, but the damage to my health was already done. It took me years to recover.
The goal though, is to make it a well oiled machine, with good employees and then you have less and less to worry about on the trucking side of things.
Just gotta have good employees and treat them well
With your sheep attitude, there would be no small businesses. All there would be is mega fleets and sheep piss juggers.
Not everyone has the balls to lead.
Amen to that.
You have executed a stop loss which is golden…… no need to feel bad, apologize, or explain to anyone. And as always… when one door closes another opens. I personally have learned to let go of things and open my hands for what is next. We all thank you for the content!
Respect bro! It takes a lot of courage to admit one's wrongs. Just remember, you never fail until you give up and as long as you learned from your experience then you have won. I wish you well in whatever you do!
I went through this in 2007. I feel the pain but went solo and never looked back. Thanks for what you have done to inform people in any business
I also went through it in 07 and didn’t worked out for me either
I'm right with you.
As Bryan with Hotshot Trucking with DD214 love to say
‘’It’s not what you make it’s what you keep’’.
Best of luck in your new beginnings
Thanks for all the knowledge over the years my guy. You are definitely stand up and top dog in my book. I wish you and your family well. Stay motivated 💪 💯
Sorry you’re shutting down.Your one of the only honest UA-camr out there.All the best in your new adventures.
Alex, you have played a major role in the hotshot industry through your UA-cam channel. These events were out of your control, don't be too hard on yourself. I look forward to seeing what your new endeavor is. I'm sure you have many drivers who are thankful to have had the opportunity to work with you. 💜
So sorry to hear this Alex, I've been following you for years and whatever it is you choose to do, I will continue to support you through your UA-cam channel! Stay strong brotha!
Thanks for all of the great videos and advice. I watched an awful lot of Tow Piglet videos before I started my own hot shot business. You lasted a lot longer than I did! You're right. Something has to change. I wish you the best in whatever is next.
I've enjoyed the ride and appreciate being allowed to tag along. I went broke twice before I finally started my plumbing company and found something that worked for me. I've been through a few recessions along the way but the one in 1986 cost me dearly and drove me out of the oilfield. Welding was always my first love and I still have the skills but the oilfield was too volatile for me after shutting down and taking everybody I know and love down with it.
The plumbing business was even more lucrative and much safer, financially. I'll retire at the end of this year at age 69 and am still healthy enough to enjoy it.
You'll find something that works. There is no shame in failure, not once you can man up and admit it. With your work ethic, there's no doubt that you'll be a millionaire long before you retire. And only a fool will be unwilling to hitch their wagon to yours. I look forward to your next venture. Good luck!
Same boat with petro/chem. To hell with that volatile field of work. Contract QA/QC from 2007 to late summer of 2021. Im done with it.
Alex,
I have my trucking company because you were an inspiration and I have learned a lot from you .
All the processes and steps to open a company.
wish you all the best my friend!!!
Hate to see you go. Thank you for everything that you’ve done for the trucking industry. I’ve been driving for 6 years and been an owner operator hotshot for 3. I couldn’t have done it without your website. The first company closed and left me stranded in Nevada. I immediately listed my truck on your website had a new job in an hour and that company turned out to be awesome. So thank you for that. I’ve been preaching a recession this whole year and some people still think I’m crazy. Fuel is killing us and the brokers either don’t get it or don’t care. Best of luck to you.
Being a small business owner (operating honestly and ethically) today is a very scary position. I feel you. Thank you for sharing your story.
You can't do it honestly, and you're able to it's just a matter of time before a agency comes messing with you or your industry 😤
Alex, I learned a lot about the industry from your videos over the past few years. It takes a great person to know when to fold. I hope you'll be back in an even better position. Thanks for your knowledge and best of luck.
Alex what you just said in your video about insurance, fuel prices ect. Is exactly what happened to my trucking company in 2008. You are young and you will succeed at anything buddy you stand strong and bounce back from this nightmare economy. I will be following your next adventure your exciting to watch.
I have to give Alex much respect to do what I am scared to death. Going into a trucking business with all the pitfalls. Alex, you will rise again keep your head up.
You’re not a failure. You made a prudent decision for your business. As an entrepreneur it’s on to the next thing for you. 👍
Thanks
Wow! I have been following you for roughly a year now and I have to say thank you for all the very informative videos. I'm so sorry to hear that you're ending your trucking business. Keep your head up Alex!
I've always enjoyed your videos and perspective, and this is a real bummer for you - but I completely get it Alex. I'm a commercial fisherman in Alaska, and we have many of the same issues. The main ones I deal with in my business are a lack of reliable manpower to work the deck, not being in control of our costs (fuel a huge hit this year), and having to take what prices are being offered at the dock, no no real control there.
The cost to buy in to our industry is huge - my 50 year old, 47' long steel boat would be about $350-$400K on the market right now, and I burn through $25-$40k a year just keeping it maintained. Then there is the amount of money I have sunk into limited-entry permits is eye popping - as it sits I have roughly $150k worth of paper in my folder that allows me to go fishing. That isn't an annual expense, but part of the buy-in to do it, since we have to buy our limited-entry permits from other fishermen getting out of the business or retiring.
One of the only ways I can stay in the business is belonging to my insurance pools. Open market insurance for old boats like mine is getting almost impossible to find, and our industry's economics doesn't support the building of new vessels. For commercial trolling, the average age of the boats in the fleet is getting up to 75 years old, and a majority of them are wooden vessels. Insurance companies don't like that at all... so there are a few insurance pools that I've bought into. The basically require 5 people already in the pool to vouch for you to join, which helps keep the high-risk people and poorly maintained boats out of the pools. For "hull and machinery", which is basically full coverage less liability, I paid 20% of the total value of my boat into the pool over 5 years to be vested, so roughly $15K a year for 5 years. For liability, I paid about $12k a year for 5 years, with my crew costing me an additional $750 per month per head.
The kicker is that once I'm all paid in over those years, I'm vested. I don't have a major insurance bill unless someone in our pool sinks a boat or a crewmember gets really hurt. The interest in the capital in the pool pays for all the small claims and administration of the pool, and when I retire out I get my initial capital investment back out at the same rate I paid into it. That will come out as income when I retire, so my tax rate will be pretty low. Maybe there is a way you can crack the insurance nut for future drivers with this model?
Fair winds and following seas,
Capt. Chris Hanson
Are you related to Sign Hansen other than name?
@@markbremmer8642 No sir - there are a LOT of Hansen's and Hanson's up here.
Do you pull into kodiak much?
@@awsomeman62 Nope, I'm mostly a Southeast guy, based out of Sitka. Salmon in the summer, halibut, lingcod and spot prawns on the shoulder seasons.
Man this was just a stepping stone in your life. Bigger and better things to come. Enjoyed the journey. Your inspirational. You lay it out there. Good bad and the ugly. Good honest guy. God Bless.
Darn. I enjoyed watching your videos. We as viewers learned a lot from you. Thank you for being transparent and honest about everything. It sucks this didn’t turn out but everything in life is a learning experience. Cant wait to see what you do in the future if you decide to stay on UA-cam and share your journey with us! Much love !
Hey Alex I’ve been keeping up with you for a couple of years now and let me say something man, I honestly believe your drive you have as a business man will keep you and your family well. You did not fail at this, you did better than most people ever do in a lifetime. Something tell me this won’t be the last time we here about you out here in the trucking industry but for sure right now I can definitely agree with you that software might be the way to go, best of luck in the future I wish nothing but the best for you and your family and thank you for all the great advice you gave to us all.
Hey brother it has been a definite pleasure being leased on with y'all! Going to be so hard trying to find somewhere else that can compare bro. It's been a damn good experience all the way through love and respect to you and your family bro keep grinding stay in touch !
It takes huge balls to start your own business and even bigger balls to start a trucking business and hire on drivers. I wish you well in your new chapter going forward. Keep your head high. You have the self motivation to do great in whatever you decide to do next
Alex I’ve been watching you from the beginning… Although I don’t have a trucking business you’ve taught me a lot about work ethic and what a person can achieve. You’ll definitely be successful no matter what you do!!
I feel your pain Alex. I had to shut down my trucking bussiness over 20 years ago. I had a nice fleet and had to let go of all my drivers. Insurance was one of the reasons why I had to shut it down, Seems like all a scam if you ask me. Never put a claim in but the rates kept going up and up. It was a very sad day when I had to call all my drivers and ask them to return the trucks and give them there last pay check. Some of them had been with me for years. Keep your head up it will get better.
Yup sad part about insurance is it doesn't just go off your driving record. It goes off all drivers. Which I've never understood. But we should've known insurance premiums would go up after 2 billion in damages in 2020 alone.
YEP - Insurance is a scam - 100%
@@rs-vl2im Possibly the biggest scam in the history of civilization.
I've followed you for a long time man and I'm sorry for you losing your business. I think truthfully in watching I believe you tried to grow to quick to fast, should have stayed with the two or 3 trucks a growed slowly!! Best of luck buddy!!
What would that change?
Praying for you and your family and all of your employees. Thank you for all that you have done and all that you have taught us.
Good luck with your next venture! Thanks for putting out great content
Man I hate to see this!! If there’s anything we can do to help reach out. It looks like you really put a lot of effort into your company
Class act
Gentry and sons, you guys are awesome too.
This is where the insurance & registration game comes in where you pull trucks and pay registration monthly rather than full time trucks and insurance..take the time to look into this plz it will save tons of money monthly when trucks work and if they sit then they don’t cost money...gentry & sons is a good business man and walks the line to prove it’s possible shout it to him and mad respect good luck on whatever you do learn and do better play the game don’t become the game 💪👍
@@earlmoorhead5555 could you explain the monthly registration?
Keep driving with one hand recording with the other goof ball
No matter what business you open, you’ll be great at it, enjoyed every second of you in the hotshot business 👌
Good luck to you brother, you were my favorite hot shotter on UA-cam! Wish you all the best in future endeavors!
Hey Man. I remember the days when you first started some years ago about back in 2018.
I am so so sad to see you have to close your business, but from your explanation, you genuinely showed you did everything in your power to do the best you could do.
I wish you all the best luck for the future bro.
Daaam this hurts to watch. But I'm glad you've always kept it real since day one. Always speaking the truth and keeping us informed. Thank you Alex. It's always a pleasure to watch your videos. Even the sad ones like this one
It’s really hard to see someone trying and making it work and not insurance wants 360,000 a year that’s insane .
Well said
@@hhprogressiveconstruction1140 and that’s one company like how the hell do they get away with this? Oh wait lobbyist duh
This is the state of the economy now and trucking has become very volatile. I started my trucking company 2 years with a lot of help from you and rewatching all of your videos. This truly saddens me but you’re a smart guy I know you will be ok. If there is anything I can do please let me know you have a lot of support here.
Man, I've followed your journey from the start. I hope the best for you and I plan on continuing to follow your next chapter!!!
Man you are the one that makes me want to do Hotshot Trucking and just ditch my 7/5 job. But dang I know it’s tough in 2022. I’ll still be here and watching your Content and supporting you with any endeavors you trying to get into . Bless up my guy
So sad to hear. You were actually the one who motivated me to get into hotshot a couple years ago. I always looked forward to your videos and watching your excitement grow as your business developed. Always take care of your yourself and your family. Honestly hope all the best for for future endeavours.
Thank you Alex for sharing the knowledge and info on this kind of business, I will never forget one of your trucks I saw in California. Wish you the best!
Man eversince following you for years now , you came to a change for the better for yourself. You came a long way. Hope the best for you and your family. And I hope you succeed in your own big company coming soon. .keep on doing what your doing. Stay safe trucking .
My mind is blown right now. I’ve been with you since you first started making videos. Always looked forward to the next episode. You are part of the reason I’m in the business right now. Hope you figure things out and bounce back. Good luck to you and your family.
If you ever need help feel free to reach out
@@TowPiglet I need help I’m trying to start hotshot with a 2015 duramax 2500 single wheel
@@justethanol sell it. You have the wrong truck. You need a DRW 3500 or better yet get into a semi.
@@dobermanracing surely I can do non cdl with a ‘15 Chevy 2500 they are 10,000 gvwr and 17,000 tow rating
@@justethanol Don’t! Right now it doesn’t financially make sense!
Alex you have been an inspiration to a lot of people. Your work ethic and communication skills will take you far in life. You will never be defined by this failure. I know it hurts but you have earned your PhD in life over the course of this venture. Keep your head up and you’ll find your next adventure!
TOW PIGLET YOU INSPIRED ME!! Thank you for everything you have done! Your genius will take you far… just the times we are living in has charted our destination another way. Thank YOU again for all you have done!
Alex was my inspiration for getting into hotshotting. As an owner operator he was 100% there for me - luckily any breakdowns I had were close by but i know even if i were 1500 miles away he'd find a way to bail me out! Don't think I'd work for anyone else, thanks for everything Alex, my best to you and the fam.
This was such a kind response!!! I love it!! I am so sorry that corporate greed failed so many families that he was helping by hiring them!!
Alex, You will do fine in life, don’t let this get you down. I have been in business for myself for the last 40 years and have had major setbacks and I can honestly say that I became a stronger and smarter leader through those experiences. Attitude and optimism are the most important things to have when down. My advice would be don’t worry about the gross sales, a 5-million-dollar gross sales in business with no net is worse then a million with a net of 20%. Gross sales mean nothing, IMHO. Building a business is like building a home, you need a strong foundation first. Keep positive and on to the next challenge
HE's not starting a business ,he' shutting down !
@@stevewhyte8476 He is shutting down then starting something else.
Not worried about you a bit Alex. You are going to make it regardless of what you get into. All those skills you learned are more valuable than anything and will translate to whatever you do. Best of luck and God bless.
Thanks for everything you have done over the years. Wish you nothing but the best
I believe in you man you will come out better. Sounds like you know with a few tweaks you would still be in business. Never stop learning. Stay strong
It is absolutely insane that there is so little control over rates and how insurance companies can shut you down at will. I was too young to know what it was like back before deregulation but from what I understand, that was what made trucking start down this path.
You’ll do great in life. You’ve got a lot to be proud of.
Deregulation killed/helped the trucking industry as a whole. Some people will say Unions are bad, but they are there to protect the employees from corrupt employers that will fire you for nothing.
Drivers and owners have never been in control of rates, unless you haul directly for someone. What the are in control of is how much it cost to run their business, and from the sound of it, this guy was hemorrhaging money.
@@fishin4bogey It also sound like he didn’t have a solid account ,too much broker freight.I have to say bad drivers was a major factor too.
Bro you did better than 90%, you didn’t fail all your doing is pivoting to another direction in life👍🏽
THE BEST IS YET TO COME ....
BLESSING ON YOUR NEW ADVENTURES ✨️
KEEP YOUR HEAD UP !
Best of luck Alex. When I started hotshotting you were one of the very few people doing youtube videos. A huge inspiration and your videos taught me how to start back my business. God Bless
Lesson learned…. Appreciate your honesty
I hope your not done brother you have been a grate inspiration for my business
I remember I saw you one day in San Diego you only had your hotshot you have expanded your business but sometimes expanding is not that good you can't control other people safety maybe that's why the insurance doble my insurance actually when down since it's only me on my semitruck I can always control my self but you never know until you try hopefully you get this behind you it has happened yo me in other parts of life but my prayers
Resonate with everything all solid points all points I’ve made myself I’ve tried scaling up to 9 trucks I’ve tried to keep it simple with just myself as an owner operator and I really believe for this industry it’s best to keep it small.
You killed it definitely retiring as the King of Hotshot
Thanks for the vid and transparency. I’m doing likewise. It’s ideal to cut loses then prolong the inevitable.
I agree, it depends on what the Owner’s financial objective is.
I prefer to be in control of what I charge otherwise it’s almost like being a Contractor in my opinion.
Things won’t go on too much longer w/o government cracking down on the transportation industry and that won’t happen unless owners/truckers ban together to oppose the injustice.
Damn dude. Sorry to see this. Honestly did a double take when I saw the video title. I drove for 10 years and absolutely started hating the trucking industry. I got out of it and am happier for it. All the best to you and your family and I can’t wait to see what you do next. Always got great content from your videos
What made you hate trucking so much?
Good luck in whatever venture you find my friend, wish there were more people in the world like you.. god speed!!
Well damn! I hate insurance companies because they have so much power over us! Especially the power to put us out of business. And with the too bad this is how it is attitude they give you after being their loyal customer for years and years, I’m surprised many are still in business. You are not a failure, buddy! I’ve watched all of your videos and always came away amazed at your energy and drive. Hang in there brother! You are an inspiration to many!
I just can’t believe this Alex. I was just telling my wife how you went from 500k to 1 mil and then projected to do 4 mil this year. I’ve been following you since you had less than 50k subs and I would have never guessed it would have gone this way. I know that with your drive, energy and positive attitude that you will succeed at your next adventure. I’ll be here to watch your videos 👍🏼. I have one question, which I don’t think you answered in your video, did the insurance co say why such a big increase? Thanks for keeping us informed!!!
Been hot shotting for a year now after getting my bachelors business degree. After that year, I have discovered that yes this is not ideal for a large business scale. It’s rough explaining, like you said, not having control of some of your rates, my insurance went up 700$ for my one truck and trailer with no accidents and minor inspection hits, and fuel is just down right horrendous and this is just one truck. I can’t imagine the numbers at 17. I have been staying local as much as possible to save on fuel, and be home and that seems to be the best even if I don’t gross as much
I agree. Your one truck is manageable but it's still fucking difficult. He had 17. He had way too many expenses. Be careful with how you spend your money. I've made quite a few mistakes myself so now I'm cleaning up the mess i made to stay afloat
How about a hauling car business. Three car trailer. Is da a good business even with gas prices.....?
@@UnbelievableVibes444 thats what i have and do it in texas and rn it’s really shyt not the best timing to get into this industry honestly
Hey Alex so sorry to hear that you have to close your business down. From the first day we saw your videos we were very impressed with your honesty and enthusiasm. Your spirit is very uplifting. Please remember you are not a failure. Life is full of experiences for us to learn and grow and you will. We can’t wait to follow you in your next adventure. Thank you for sharing with us.
You are a future champion in the making. Thank you for taking the time to make this video. Good luck!
Well we all appreciate your dedication of sharing your knowledge and posting a lot of content. Good luck with your next Endeavor
I literally have a video I’m waiting to put live on my channel talking about exactly that. How we are the only industry that doesn’t set our own rates and that includes things like tonu. Sorry to hear about this man. I learned a lot about hot shot from you. I own a Pete, but I enjoy learning about all facets of our industry. I wish you the best of luck.
No it's not we have a trucking company and have a farm we don't get to decide what we pay for inputs or what we get paid for our products.... just saying g
Dude, with your general attitude about what’s happened to you with this business, I think (and hope) that you get far in life. You seem like such a great person. God bless you my bro. You have a new subscriber
Hate to hear that your shutting down but as a fellow hotshot driver I truly understand. I learned alot from your experiences that helped me out in more ways than one. Thanks for all the info and content and may your future endeavors be successful
Tom you have been my inspiration as well as for many others. All I know is that this will not be last of TP, warriors like you will come back in trucking or any industry.
Long time follower Alex. Always wish you the best bud.
@Lola it can happen to anyone
Thanks for not sugar coating your journey. Mad respect it's ridiculous out here. UNBELIEVABLE!!!!
Hi, Alex! Your videos have helped me in my business, which is different than trucking. I run a private investigations firm, but your practices were applicable and helped me throughout my own venture. Thank you for helping others like me get along with running our own business. You will do great in everything you do! Trucking is hard, frankly I had a trucking business during the worst possible time, during the pandemic. It ultimately failed but I took what I learned and started another business that’s doing really good. All thanks for you giving me the inspiration to start and business practices to learn.
Again, thank you Alex. You will do well, and I am looking forward to what’s next with you and your business ventures.
Yours truly,
Jo
Your the main reason I got back into this business. I remember writing you on Instagram getting advice for a fuel card and factoring. I hate to see this happen. We need to stand up to this insurance companies and brokers and get the money we deserve.
Yesssssssssssssssssssss these insurance companies are horrible to charge so much! When there is a fail in the system to keep America running because of corporate greed.....perhaps then, someone will step in and put a stop to this disgusting gouging!!
Dealing with brokers also that are taking a large portion of the profit is hurting also. Giving out loads at 1.32 a ml. And not worry about your bills or business, truck repairs etc it's a. Monopoly.. Load board prices ridiculously high for single drivers as well.
Alex I can say from my experience maybe you expanded maybe just a little too quickly but, that being said I admire you for being brave enough to go for it. I also once ran my own business. And it was doing ok for awhile until unforeseen seen and frankly unprecedented things beyond my control forced me to close. And what we are currently witnessing is nothing short of unprecedented if not unforeseen. So stay strong retreat and regroup. And when things calm down maybe things will recover and you can try again
Alex you have nothing to worry about. With your drive, attitude, and lessons learned from this will propel you forward. You are a hustler and you will move onto something better
Learned alot from you. Lots of respect for you and your character. Best of luck in your future endeavors.
Seems the governing authority wants larger corps to sustain. I feel your pain. We work our tails off to get very little reward. Insurance, brokers, DOT, fuel prices and rates have a lot of us on the brink of throwing in the towel. Quitting isn't a good term to use. Let's learn from the experience and keep pushing
Really sad to watch this video. You have accomplished a lot for being 29 years old. Your company didn’t fail because of bad management, I was about to open a food trailer and had to shut down before I opened because of gas prices running the generator. I have been watching your videos for 2 years now. You inspired me to go get my CDL, hazmat and tanker endorsement. You have been very motivating and inspiring.
Turn that chewing glass into chewing gum. Get back on the saddle when time permits. I still think, you are successful. Shutting down wasn’t part of it but better things can come from this. Fuel and insurance are terrible. Like I said, you have accomplished a lot at your age, use that experience and don’t give up! Take care!
You shut down a food trailer because of gas prices for a generator why, the most you’ll spend is $30/day on gas for the generator
@@Ariels_Mindset Robert is the same guy that said Alex didn't fail because of bad management. Alex most certainly failed
due to bad management. Robert wouldn't have made it a week in the "food trailer" business if his biggest concern
was the cost of gas to run his generator.
@@Ariels_Mindset exactly what I was thinking thats nothing compared to paying $1600 to $2000 or more a week for diesel
@@Ariels_Mindset 5
hes shutting down due to bad management....Diesel is high but we are still KILLING it right now
I started to follow this guy at the beginning of 2020 and got me excited about trucking you did a great job bro
I appreciate you for all the knowledge you have given. You are not a failure you are a growing business man
Alex, I run about 30 trucks under my MC and DOT number I charge 10% to run under me. I use progressive insurance. I don't insure the trucks that run under me I only insure the load and trailer. Which keeps my monthly insurance around $6500 I gross around $60k a month and keep my O/O moving.
I would like to know more about this
So you’re dispatching them as well? That seems like a massive headache but if you can do it then you deserve every cent.
@@markm0000 I teach them how to self dispatch if they want but I don't offer it. I teach them because it's another step into becoming an owner.
Alex, you're on the cutting edge... not a good one mind you. It's the smaller operations that fall first. Though 17 trucks in this amount of time was darn good. The point is the world economy is in deep do-do. Well on its way to total collapse. When the trucks stop rolling the violence gets out of control in a hurry. Your company is one of the early ones and by far not the only one. It's an unsustainable world. I don't know where the world will be in 20 years, only that at age 71 now, likely I won't be here. Good luck. I'm afraidlike so many, you're in for a rough ride.
got out ahead again proves your a smart man good luck cant wait for ur next venture for us to follow
None of this was your failure. We are experiencing an unprecedented geopolitical and economic situation with ripples from the pandemic still clearing. I’m amazed at your thoughtfulness, work ethic and unrelenting positive attitude every time I watch your videos. I’m 37 and I haven’t accomplished half of what you’ve done. You will succeed over and again at anything. My dad ran a successful consulting business and always told me that the people you see that are the most successful have not reached there easily. This is the struggle that will be the foundation on which your greater success will stand. Don’t question your decisions, you made the right ones. Major well established businesses are going to struggle to deal with soaring inflation.
I got into hot shot because of you..had an accident lost every single thing. Now I'm just waiting for my numbers to start again..giving up isn't part off you..don't let it be a resident in your life..
Good luck in your future endeavors! We've been right out there with you since 2017. Right now things suck. Just a thought, maybe think about the brokering side of things.
Looking forward to seeing your next venture. It sucks to see you leave the business and I hope things change so you can get back into trucking.
sorry for your loss. keep moving forward. looking forward to your next adventure!
This hits home and it hurts to watch this. I agree 100!. Im running two semis and 53' dryvans under my own authority in SC. Clean driving records and older equipment both trucks are 94 freightliners and we're at 45K a year with progressive. For the past 6 months with fuel rising and rates dropping we've been in the red every week for some time. Good luck Alex. You inspired lots of us and it pains me because we're almost at this point.
Yes , may have to park the fleet and wait it out. Because these diesel prices are crazy af, seriously out of hand. Then you have to deal with dot on top of all the other foolery