A passionate driver is definitely the one who will run an effective trucking business too. The person mentioned is no one but ‘you’.
When you decide to venture into a business of your own (Meaning you are your own boss), there are certain benefits you give up on:-
- Health insurance
- Investment opportunities
- Steady salary
- Retirement plans
Since starting your own business is not like buying your regular grocery, which is why you better be cautious to venture. Investing in used / second trucks is the best, as there several sources for semi truck financing. Seek for the options and buy convenience.
When you make a decision of leasing your trucks, make a note of the following:-
- Which company is it that you are leasing to
- How are your trucks maintained?
Some points of concern for you
It is simply not advised that you lease for the same company from which you buy the truck. Just avoid it. This is being said here, because they will offer extremely low returns. They are very smart to let the ball rolling in their courts, and will leave you with losses. In fact, to save yourself, it is better that you become a driver with them for better remuneration.
Try to speak to some old drivers who know the market really well. They may tell you the current circumstances and where to go for best deals. This is why there are certain companies that may allow you to choose your own rates for freight and the choices for loads. When you get such freedom, you might be able to deliver more efficiently.
Once you become the owner of the business of trucking, this means total freedom. You may work when you want to and take time off when you want to.
The weakness of the companies that take your services
Simply remember that companies are in need of services of good trucking companies. The fright is endless. There is no need to feel obliged while accepting a load through a broker. They may be claiming enormous amounts and hence, if you don’t, then someone else will take it. The freedom is to the extent that if the hauling is not planned as per your convenience, then you may charge extra fees for the hassles caused.
Your truck and you
When it is time for you to ride your own truck (after you have started your own trucking business) you will try your best to keep costs connected with maintenance to bare minimum. If you drive slow and steady, then nothing is like it. The best is to drive at a speed between 50 miles / hour-60 miles / hours.
Since the company you are hauling for has given you the required freedom, it is best to drive at speed that does not give you stress. Avoiding stress and pressure on the vehicle will keep you level headed and the truck healthy.
Self employment is the best employment. Enjoy it to the core by simply remembering some key points.