Just Got CDL And Want To Start Own Company?

So I passed the written test just studying the book and I passed the driving portion after driving a rental truck for 4 hours on a saturday afternoon.

I have a business opportunity with my Unlce to start my own company. Already did the math problem and came out with 1.75 cpm as my break even.

I know how to drive a truck but I dont know how to drive a truck professionally yet. I'm really looking for an opportunity to succeed on my own and not waste time with another company.

anyone had success like this before?

Zach

Welcome aboard Zach! Oh I'm certain there's been people that have jumped in and been successful like that. I'm also certain there have been people that have survived attacks by a pride of lions or falls from 10 story buildings. But as you have probably guessed where I'm going with this, there are 10,000 people who died a painful financial death for each one that has succeeded trying to dive in head first like that.

I know how to drive a truck but I dont know how to drive a truck professionally yet

You know how to move a truck. But you can't consider yourself anything better than literally one of the most extremely dangerous people on the highways of America after just 4 hours in a rental truck with no proper training. And on top of that you want to start your own business in one of the most hyper-competitive, cut-throat, and complex industries on the planet?

I would become a company driver for at least a year and learn more about the industry before trying your hand as a business owner. And even then I always recommend that people stay away from being a business owner in a commodity service industry that averages a 3% profit margin where you're competing against gigantic companies that have been around for decades and still can't turn a reliable profit most years. The competition is that tough.

I wish i could add to what Brett said but that's the best advice you'll get. Learn to swim before entering the Olympics.

First I will ask if you are nuts? You might as well have asked about opening a coffee plantation in Hawaii And never have drank a cup of coffee. Its the same thing.

I have had two of my own trucks and i can tell you its great when you get weekly settlements of $8500 dollars but sucks when you have to put $8000 dollars back into your company. Yes you have bills that are due every week. Time you factor in fuel tax,road use tax, pay for the fuel you bought during the week, insurance, broker fees or fees to use the good load boards then you still have truck paymeny and trailer payment.

Time that is all done you will make about what a company driver brings home. $700 to $900 and that is if nothing goes wrong. Got $18k for a new transmission or $30k for a new motor cause the warenty ran out two years ago in New Mexico?

Do you even know what type of numbers you will be working with? Right now the average O/o is pulling freight for $1.30 to $1.60 a mile because there are so many trucks that are undercutting each other on the prices.

Just don't do it till you know more about trucking.

Thank you,Guyjax.....I was dreading having to relive my years as an O/O, by telling this driver how it REALLY is....

Thats just no way to start the Holidays...