.jpg)
The Trucking Game Guide for
OWNER OPERATORS
Click Play button for Audio Transpipt of page.
If you are thinking about becoming an Owner Operator in the Trucking Business, there are several things you ought to consider. It’s a major decision that shouldn’t be taken lightly. And there is a lot of of information out there about the pros, and cons of Owning, or Leasing a Truck!!!!
So we at the Trucking Game have brought together as much info as we could on the subject, because we understand that there are are many factors to consider before becoming an Owner Operator After all, the main goal is to be a Successful Owner Operator and turn a profit in your Trucking Business. So hopefully the following articles will help you make a better choice going forward.
COMPANY DRIVER VS. OWNER OPERATOR.
One of the most frequently asked questions by truck drivers is, “Should I stay a company driver, or take my chances as an owner operator. If you are a company driver pondering becoming an owner operator you should know, there are dramatic differences between these two types of truck driving careers. You need to weigh the various aspects of each, and choose the type of career that best suits your circumstances and comfort level. Read More!!
Lease Purchase Programs
have been around for many many years in the trucking industry. But over the past few years or so, I’ve noticed many more trucking companies are offering these truck lease purchase programs for their drivers. The programs I’m speaking of are those where a trucking company directly leases one of their trucks to one of their drivers. Read More!!!
Should You Own Or Lease A Truck?
Owning your own truck is almost every trucker’s dream. You have more independence as you’re essentially your own boss. Owner operator trucking rates per mile are generally much higher than company employed drivers,
However, a word of caution: owner operator trucking is not for everyone. It’s more than a simple upgrade in equipment. It’s comparable to starting your own business. Jumping headfirst into becoming an owner-operator can have devastating results. For one, you can suffer financial problems. To begin with, a truck is a huge investment of your savings. Read More!!
SHOULD I BUY A NEW OR USED TRUCK?
In most cases new trucks look better, drive better, and smell better than their used cousins. They also come with warranties—and price tags that often top $130,000. Sometimes those warranties don’t offer the protection that buyers think they do, and these days many used trucks come with warranties of their own. Read More!!
Buying the right truck is a crucial step in becoming an owner operator. If you are in the market to buy your first truck as an owner operator, there are some important things you should consider. These tips will help you narrow your search so you can buy your first truck with confidence. Read More!!
Practical Tips to Simplify
Financing a Semi Truck
Leasing is a great option to buy a truck. It’s a way to get into truck ownership without the initial sticker shock. After all, new trucks can cost $100,000+ depending on the size, style, horsepower, and the engine. Read More!!
When you’re fired up and ready to launch your own trucking company, here are four different types of business ownership options most commonly available, each with their own tax implications and legal considerations:
-
Sole Proprietorship
-
Partnership
-
Limited Liability Company (LLC)
-
Corporation
You Should Have At Least $40,000 Saved Up!!! Your biggest investment is your truck. It’s best to pay a healthy down payment toward the financing or lease of your truck. If you don’t have the bucks for a down payment, the whole thing might be over before it starts. Read More!!
1. YOU’RE A BUSINESS PERSON NOW
The most important thing for a new owner operator to know when getting started in this career is that you aren’t just a driver anymore, you’re a business person. You’ll need to set your own schedule, manage your own finances, foster good relationships, and prepare for the worst. During your downtime, (if you have any) it’s worth it to read up on how to be a successful business person and what habits can set you up for success. Read More!!!
Knowing your trucking cost per mile for your owner operator business is critical to your success. An owner operator must know what it costs to run their business. By knowing the costs of operating your truck, you’ll be able to turn a good profit in your business. Knowing the operating costs as an owner operator is basic information, yet critical to the health of a business. Read More!!