Do You want to become owner operator? Well, first you need to know a certain thing before you jump in the middle of that action.
In these days, enough difficult is to keep a business that you managed and developed for a while, difficult because you need to be liquid all the time to keep it going.
If the existing business is hard to keep it alive how difficult would be to start a fresh business and develop it to the point where you will be satisfied with the financial outcome.
Is the trucking business profitable? It is profitable and it is not that scary but you need to have all the information’s before you jump. Being prepared will force you to choose the right things at the right time.
We will start step by step to get the full picture of the business and to learn what it is required to be successful in this field.
Owner operator is a commercial truck driver that is transporting goods for its own customers and in that way he or she is not depending on a trucking company when it comes to loads or must do tasks.
There is another option: trucking companies can hire a freelance owner operator to cover some of the loads of course with previously arranged terms of payment for the transport.
The job of being owner operator has positive and negative sides. Maybe having a freedom to make your own schedule is your choice but did you know the rules of playing your own game?
You have freedom to decide your routes, your resting time or your working hours. That is a big deal, but are you ready to have this total burden on your own shoulders. Do you have enough strength to do all this by yourself?
If you are up to this challenge we can start with the first steps.
When you are part of a company you will do what they need you to do. You do not have to make a schedule to pull the maximum of the task or of the load; there is a special team to do that for you.
As a company truck driver, you simply get your task and you doing your best to cross the finished line at the required time.
It is different when you need to plan the route, the time, and miles. Your budget is not wide enough to afford mistakes, so you need to make the right choice and to make it right every single time.
The idea of getting the full earnings of your labor, sound very attractive right? When you are owner operator satisfaction of working under your own conditions is the best thing in the world, you just spread your wing and enjoy.
But on which scale your satisfaction will be when you need to cover your truck repairs on your own? Not very pleasant, right? Do you spot the difference?
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When you are company driver you
When you are on your own you
2. Truck Maintenance
3. Truck Repairs
4. Possible penalties
6. IFTA Taxes
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