To be a successful trucking company owner you will need to take quite a few steps and win the game called life.
Not everyone is cutout to drive, nor to run a successful trucking business. Yes, you heard me right!! I guess what I am trying to say here is that it takes a lot more then having money and passion for the business, to be a trucking company owner! You will need to have the oomph too!
You will need to feel and recognize the possibilities, the opportunities, and everything else that come together with the title of trucking company owner. But you will need to feel the responsibility that comes with it as well!
One thing that every trucking company owner has, or at least should have is the ability to be a leader. Furthermore that person needs to use all resources available and create an environment.
A office that will not only serve him/her well, but will by all means be and feel like a second home personally and to all the people around him/her.
A trucking company owner should include every factor that can influence income, stability and prosperity. This is at least how I see a successful trucking company owner.
But, the sad truth is that not every trucking company owner is a successful one. Otherwise we wouldn’t have all those trucking businesses for sell on the market.
Nowadays it is hard to run a trucking business. The burden on your shoulders is even heavier, when you are the trucking company owner. There is more than just knowing the 50 freight class codes, and deciding which one you will go with!
It’s not so much the work that is involved when you are the trucking company owner, as much as it’s finding the way to beat the competition.
What you Need to Know as a Trucking Company Owner?
In order to run a successful trucking business and earn the title successful trucking company owner, you will have to always be one step ahead of your competitors.
Furthermore you will have to know and learn how to:
- Know your main expenses;
- Find the way to avoid unnecessary cost;
- Be proactive and fulfill the expectations of your clients;
- Find a way to increase your profit.
I know all this must look to you as way to stressful! Perhaps you feel like you are bargaining for more than you can handle.
But, believe me when I say, if you are consistent and you have a goal, while at the same time you listen to your inner voice, you can achieve it.
Many people that thought that they couldn’t, are now a trucking company owner of some of the biggest and best trucking companies to work for, out there.
Being a leader in the trucking industry is something that comes with experience and lots of practice. So roll your sleeves, hand on lab, you have a lot of work to do!
It’s a full plate of work and only the best trucking company owner can go into that modern jungle and find the way out!
Actually, when you are a trucking company owner it is same like you are one of the rugby players. Either you stand or you fail. But the most important part is to stand back up, after you fail.
And believe me there will be fails! There will be many fails actually! And only the most knowledgeable, stronger and fastest ones will survive and stand after a fail.
So, set up your mind on autopilot, and let your instincts lead you. Tell yourself that you can do it, and you will do it indeed!
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Crucial Steps That Every Trucking Company Owner Needs to Take
Keep in mind that one of the first steps you need to take as a trucking company owner is to read the laws and regulations! They change constantly so read them over and over again!
Read them well and constantly visit their websites to stay compliant. Some of the agencies that indirectly or directly have something to do with you as a trucking company owner, which names you will hear plenty of times in the future are:
- US Department of Transportation (DOT);
- Occupational Safety and Health Administration (OSHA);
- United States Environmental Protection Agency (EPA);
- United States Department of Labor (DOL);
- Federal Highway Administration;
- National Motor Freight Traffic Association.
The trucking company owner title comes with many steps that one should take, but here in this article I will concentrate on the most crucial steps for one trucking company owner.
Wait! Let me fix that! For a successful trucking company owner, because being trucking company owner its not same like being a successful one!
So, here in addition I will try to present you the 11 most important steps that will make you a successful trucking company owner. Hope will help!
Step 1: Get the Right Equipment
Doesn’t this sound cliché? All the self-help books for starting a small business; whether it’s a trucking company owner or manufacturer of truck mattresses or Patagonia trucker hats, they all say the same thing. Get the right equipment!
Notice: they don’t say find equipment, any ole thing will do. No they say find the right equipment!
You as a trucking company owner can just hop in a ¾ ton truck and drive to work. That will be the right equipment for you. But, when it comes to the right equipment for your trucking company, that’s a whole new discussion!
Of course there is a reason for this, and that is because it’s crucial to have the proper tools. Just as a roofer has a special roofing hammer, so should a trucking company owner get the right tools of the trade.