How to Start Your Trucking Business: Step-by-Step Cost Breakdown (Owner Operator)
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- Опубліковано 9 лип 2024
- TRUCKINGUK
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Starting your own trucking business can be a very lucrative venture, but it can also be a very daunting task. In this video, we'll walk you through the entire process of starting your trucking business, from finding a truck to starting your business up. We'll also provide a step-by-step cost breakdown so you know exactly how much it will cost to start your own trucking business.
So if you're looking to start your own trucking business, be sure to watch this video! We'll provide you with all the information you need to get started, and we even have a cost breakdown so you can be sure you're making the best financial decision for your business.
Trucking is a great business to get into, and this step-by-step breakdown will help you get started. We'll share with you everything you need to know, from the cost of equipment to the cost of running your business. After watching this video, you'll have everything you need to get started in trucking! - Авто та транспорт
Transport is one of the toughest possible sectors to be in, the amount of regulation can be overwhelming. It’s good that you have such enthusiasm for life, you’re going to need every ounce of it. Don’t keep too many eggs in one basket. Try to find a niche. Understand the accounting and watch your cash flow / overheads. Don’t undersell yourself just to get work, anyone can be a busy fool (many are). You can’t compete on price with larger operators, so don’t try to - you don’t need to. Don’t restrict your pricing just to a mileage rate, look at all the variables. Be reliable. Good customers recognise and value it, more than paint jobs. I think you already know that you’re starting on a shoe string budget, £10k for diesel might get you rolling but you’ll be burning through more than that in no time at all. The numbers will get bigger, so can the risks. Be careful. Think about work life balance. Oh, and if your partner has just done the TM course without any background knowledge at all she already deserves a medal and will be doing incredibly well to pass (ten out of ten for even trying).
Sounds like excellent advice there
Thanks mate
Thanks for the excellent advice for my Son. Respect!! Nice to see positive help and not the crap you hear from many of the other negative replies
@@qfinaPure knowledge drop!
This guy gets sooo much hate, even on Facebook. He’s just doing what others are scared to do, that’s why they hate. Wish you all the best brother
Thanks mate, I don’t listen to hater pal they just sad people trying to feel better about themself
I think they r doing a gr8 thing.
I just retired after 45 years of trucking, I worked for lots of different companies during that time and I can tell you in all honesty that making money out of haulage is definitely difficult to say the least, but good luck to you pal! You’re gonna need it.
Thanks pal
I’ve been driving 8 years and I’ve worked for 3 company’s one of which is a good friend of mine and he said if he knew then what he knew. Know he wouldn’t of bothered
its definitely not an easy game, contrary to what all the "I want a grand a week take home and a V8" boys would have you believe.
@@truckinguk best bit of advice anyone ever gave to me is never sell yourself short or run at a loss just to get work, I really do hope all goes well for you guys!
What age was the youngest person u worked with please mate ?
Loving everything you do , keep the hard work manito ❤❤❤
Really interesting video, thank you for being so open about the start up costs - Good luck both, looking forward to seeing the truck after its painted 👍
Honestly I really hope everything goes well for you and you manage to make a good successful business. Goodluck and prove the doubters wrong 🔥
Absolutely thrilled for you & your partner.
I genuinely hope that you have incredible success with your business and am looking forward to following you in your new chapter in life. 😊
This is one of the most helpfull videos ever, ive always thought about doing my own thing but now i know, im no where near ready
Congrats mate and the best of luck in the future
Good luck mate, hope you both succeed I love the content. I hope I see you out there when I’m trucking 👌🏼🚛💨
This video has helped me understand how much is needed to start your own business. Can't thank you enough and the best of luck and keep doing what youre doing👍👍
Good Luck Pal, Hope it all works out for you both and you start to run a successful profitable haulage company. Won't be easy but by god will it be worth it. Everyone has to start from somewhere
Really great video and a great breakdown on costs. All the best bro see you on the road🚛💨💨💨💨💨💪🔥🔥🔥🔥🔥💪
Hat for to you mate been watching you for a while now, hope you get up and running very soon , it will be hard at first but with a good woman behind you, you can achieve anything. Have a happy new year.
Thanks again 👍 Tony for putting your time and effort into this video and have a great new year.
Thanks mate and have a great year you too
Good luck in the venture, hope its successful 👊🏽
Wish you all the best keep going and thanks for sharing your journey.
Winning Bro! Way to go.
Another great vid buddy. Love your honesty and enthusiasm - with your attitude, professionalism and your Lady behind you supporting you …..you will do it matey. Happy New Year, and all the best to you both for 2024.
Thanks man, happy new year to you too
All the best to you both 😊
Good luck to you it's definitely an expensive start it's one iv been looking into myself, but I think I'm going to start of with a van it reduces the initial cost and helps make contacts in the industry
Good luck bro 👊🏾
Fantastic, honest video.... Great stuff.
How have you gone about get traction work and how did you cost the job up.
Keep up the awesome work. Truly inspiring.
Awesome video ❤
This is so educational for me, as I’m British national who is working as a driver in Sweden 😊
I am glad this can be of help for you pal
Good luck to 2024 🚛💥💨 keep up the good work 👊🏻👍🏻
Congratulations on achieving your goal. And congratulations to your misses on passing her management cpc. Those exams are seriously hard. We'll done.
Excellent hermanito poco a poco pasos firmes te deseo todo lo mejor y que sigas adelante 💪💪💪
Gracias mi hermano
Great video mate can you do more please😀
Keep going at it Son, Yorkshire Roddis Blood, you will win. Keep up the good work ❤
✌🏽😎
Good lucky you both deserve it 👊🏻👍🏻
Thanks mate
This is mental !
Wow diddnt realise all that was payable ! Really hope your new venture works out for you and the missus😊
Thanks mate, it’s a lot but I’m lucky I have my Mrs she’s very supported and a lot of help
Good luck, mate
Good luck man
Respect and good luck to anyone, X forces. Thank you
Cheers mate
Keep going 😮💨
😎
WOW 1428 for road tax..that's sickening..go to London clog it up in protest..we did in Dublin and it worked..tax then was just under 5k per yr..now its 800.
Thanks for your honesty about how you and your wife are regarding your life choice I wish you all the best for 2024❤
I appreciate that!
Wow , good luck hope it works out for you
Keep on Truckinggood 👌👌
I will mate 🚚
I guess this is what called a family business in the future. Small fleet of vehicles 5-7 and driving all over the country and never get bored of the same places.
Good luck to you fella, you've got great attitude
Thanks mate
Good luck bud
Great vids mate. Could you not have done your transport manager course before you bought the truck? Just saves you paying someone else? And get your tax for 6 months or pay monthly?
Good luck
Don't listen to the gloom and doom merchants follow your dreams young man and good luck to you I've been a class one driver for 35 years now always wanted to be an owner driver and never had the bottle it's to late for me now I wish you all the best
Que más hermanito todo bien 👍 cuando sale la bestia 🚛 cuando subes el próximo video
This is an awesome and educational video, I have been keen on getting to know the rough estimates of how much it would cost to start a trucking business.
Also since I work in construction I see a lot of these truck bring deliveries of all sort costing thousands, is there any insight or a video that breaks down how a starting company get jobs, will expect to get paid, is it depending on what is being delivered or quantity.?
Hi pal, do you know or have any advice on getting loads for the vehicles? I was just wondering.
I watch your video for a while and really motivated. I always want to star the transport industry but I don’t have enough information how to get load ( job) which hold me back . It would be greatly appreciated if you could give me some advice pleas. Thanks
Well thats put me off that thats a lot on money if just starting out lol but great video bud the truth is what we like 👍🏽
It’s a lot of money but we need to try and see what happens a
@truckinguk yerr definitely am hoping for the best for u bud 🤘🏾
Jesus christ I was thinking of eventually going it on my own but now I'm definitely thinking other wise 😂
Yep its not an easy game to get started in. But ignore all of the negative feedback. Because you can make a reasonable living if you do your research. And you seem to have done that. The only thing I would say is do not spend money on things that will not make you money. So the truck is the most important part of the journey. keep it well maintained. But the one thing I would not have done is have such an expensive paint job done. It does not earn you a penny more, and could have waited until you had money coming in. I also for the first year of operation only paid myself the minimum amount. As the rest went into the business. But you have a good attitude so just get dug in and work like hell until you have recovered some of the initial outlay. Best of luck I really mean that, it take's guts and determination to go it alone...
My hater is back 😂
Your accent is cool as hell 😂
I really hope that your business will be successful.
It would be such a shame, after the many investments you have made so far, that it would not work out.
good luck.🤞🤞🤞
😎👏👏
😎❤️
How much did you pay for the truck? That's a really important cost that you forgot to mention. Despite that, the video was great.
GOOD LUCK MATE
So .... just out of curiosity if the fees are around 30k per year and lets say you found work / contract for an entire year then how much would you charge the company to hire you to drive?
Maybe do some traction only for some companies
I ran my trucks through a Bulgarian company it was a lot easier than all these hoops in the uk.
I've just got my hgv driver license for about a year and so far i didn't find a job because every company ask for at least 1 year experience 😂 so will never drive hgv in Uk and its really annoying
can you make a video of owner operator income and how they get work ?
To be honest, if thats what you like, then you will get there, i wanted to do the same but gott a save more, love being on the road, why dont you try doing some work with your lady and share the driving time, getting more work done and traveling together? Could be great
She just passed her theory test mate that’s the plan ✌🏽
@@truckinguk forgot to wish you all the best for this great journey
Cheers mate have a good new year
What’s the earning potential once operating?
Hi mate, i passed in a automatic car many years ago roughly 10 years ago, can i still learn to drive HGV and are thry automatic aswell cheers
Yes most trucks are auto.
I don’t know if times have changed, but companies use to pay you after 3 months of doing the work. You had to have 3 months running costs to be able to keep running your business, and not all companies are the same and can be funny when they had to pay you.
Yes mate 3 months to pay that why you need to have at least 10k to start, and make sure you know the company will before you work for them
And cost off GIT INSURANCE THATS £15 k a year
@@truckingukcool, glad you’re reading the comments. I hope it works out for you, gl 👍
@@truth3358Yeah definitely not cheap running your own truck, hope it works out for truckinguk
Love your videos, where are you from bro? Hablas español? Im a class 2 driver
Hey manito Klk, soy de la Rep dominicana y tu ?
As l am a hgv tramper l live in my truck all week and only come home on a late Sunday night and l go back to my truck on a Monday morning all re freshed and stocked up with clean clothes and a towel and a sponge for a shower at services
Finish Sunday night and back in Monday morning, how are you getting away with that 🤔
I know nothing about trucking.
I’ve never worked in the industry.
But I’m subscribed to your channel, and loving the journey that you’re going on!
Keep it up 😊
I own a trucking company in US. Can u advise how start one in europe. How is money in trucking in Europe??
How did the Mrs find transport manager course
Quite intense! 😂 A lot of new information to be learnt over a short timeframe.
Doesn't your transport manager have to hold International CPC as well as national ?? 🤔
Yes the course included international cpc. Thank you Brexit 😂👍
Best channel on UA-cam
Thanks mate that means a lot to me
@truckinguk watched from the beginning really hope it all works out for you
Try Michael at Avis insurance, I started last year and I had the ridiculous £7000 quotes he was able to do all the insurance for around £2700 for lorry public liability and git.
Is that figure for hire and reward insurance, GIT and public liability pal??
Yes mate
FOr me it's been an absolute nightmare, inspection clowns never turn up, garages doing crappy jobs, costs etc, total BS.
Without the youtube money its not as easy and also to start your own company and go out and buy a v8 just doesn’t make sense its a false representation on the reality of someone who doesn’t have youtube money coming in that will subsidise most of it while you find work or wait for payments to come in from jobs you do
Sorry m8 that was from Will
Will?
BEST OFF LUCK AGE60 now 33 yrs hgv/ lgv driving exp . PREF drive ony class1 (paye TAX , NI basis) £x pr hour + ssp/ hoiliday pay paid weekly . 2023 econmic slow down england . TO MANY BIG CORPORATES / PLC COMP RATE CUTTING CHASSING LIMITED WORK . NOW 2024 RIP OFF , FUEL DIESEL INSURANCE COSTS . HAPPY NEW YEAR GOOD LUCK .
Thanks mate, it’s scary but we going for it
Your still missing one expensive cost GIT insurance that’s going to be 15 k per year
If you don’t get it you will not get ANY WORK
No disrespect to you I think you got your head in the clouds
£15,000? We have been quoted way lower than that figure.
Just make sure it covers everything down to Limited quantities of ADR because that’s were the money is
I do wish you the best
Thank you 👍
Where you get 30k from???
Not everyone is skint mate. Some people are able to save up quite a lot from their wages each month, Plus he said he told his car for 25k.. It's not impossible to save 30k in the grand scheme
Watch the video again
You also need a clean driving licence we'll be four you even purchase a hgv Truck and trailer and you must have a medical to make sure you are well enough to become a hgv driver and you need to remember about the fuel and CB radio cost and CB Ariel and your own business name stickers cost cost of a new bed mattress for your truck and a new. Fridge and freezer new taco machine and cards over night heaters and a bedroom light to read and storage cupboards which you can get from truck scrap yards from trucks that are due to be scrapped you can ask the hgv scrap yards if you can purchase parts off old Hgv trucks it is well worth doing its helping to recycle old storage cupboards and you some times can purchase replacement hgv mirrors if your truck has broken mirrors or broken seats and you can even purchase the fridge and freezer from old trucks and you can some times purchase the water radiators if you need them and you can even purchase truck bumpers if your bumpers are broken or missing and you must make sure your registration details for your first truck are right and in your own name you can even purchase some Suzie's for your truck and trailers and you must make sure you have spare ratchet straps and that your trailer lights work and your trailer curtains are in excellent condition or you can get sore curtains for your trailer from other trucks in the scrap yard as long as you have got the tools and permission
The company l drive for treat me like a king l have no problems with any of the business bosses as l am really a self employed driver while l am away in the truck l know that my bosses can see me on the icer tracker but l don't care they know that l all ways get to my collection point and get loaded and get my paper work signed and l close my curtains and l strap them down and l don't let my trailer curtains wave in the wind you must all ways tie your curtains up really tight so they don't move and you must make sure your king pin is all ways fastened at night and you must check that your curtains are not broken or been slashed and you must make sure that no migrants have broken into your trailer or hiding in your trailer if you are due to go on a ferry other wise you will get stopped and punished big time by border agency and by the police and by the hgv licence team l work for the red and green trucks from crick in the west midlands Eddie STOBARTS WE ARE ALL WAYS SHOUTING OUT FOR DRIVERS
Shut up, melt
RIP Stobarts, let it go your Culina now. Lol😂😂😂
Great insight to it.
Well done to you and your lady🫵
SHALOM 🔥
Thanks pal
Best of luck bud
Thanks mate ✌🏽😎