The REAL Scoop On Becoming An Owner/operator And Leasing A Truck As Part Of Being An Owner Operator
Topic 21006 | Page 2
IMO it all depends on the person and their situation.
Vinnie, that's a nice opinion, but it's meaningless. So you are of the opinion that the "right person" can just magically out perform some of the smartest business persons in this industry who've been doing this for decades yet still have not managed to bring the average mean profit margin up above roughly 3%. Are you serious? Do you understand how much competition there is out there who are willing to work for less than ideal prices?
This is one tough business that is big on volume, revenues, and cash flow, but very sparse when it comes to real profits. You can keep on talking yourself into it if you like, but anyone who is willing to use their calculator and their brain is going to think your silly.
It's same as any job you start fresh at.
I think this is where you are fooling yourself. All the knowledge and skill you gain in this industry still has to face the reality of the mean averages in the business. That is one tough nut to cut. Many have tried, and some of them even fooled themselves into believing that since their business was growing they were doing well. Growth is much easier to accomplish than profit, and often these two get confused. I'm all for entrepreneurship, but I'm also for reality. At this point you are nothing but wishful thinking and research. Don't get ahead of yourself just yet. You've still got a lot of work to do.
OWI:
Operating While Intoxicated
Heres the thread. the topic started as one thing with prime, but turned to leasing. the numbers are close.and several.of.us give great examples
PSD:
Prime Student Driver
Prime Inc has a CDL training program and the first phase is referred to as PSD. You'll get your permit and then 10,000 miles of on the road instruction.
The following is from Prime's website:
Prime’s PSD begins with you obtaining your CDL permit. Then you’ll go on the road with a certified CDL instructor for no less than 75 hours of one-on-one behind the wheel training. After training, you’ll return to Prime’s corporate headquarters in Springfield, Missouri, for final CDL state testing and your CDL license.
Obtain CDL Permit / 4 Days
- Enter program, study and test for Missouri CDL permit.
- Start driving/training at Prime Training Center in Springfield, Missouri.
- Work toward 40,000 training dispatched miles (minimum) with food allowance while without CDL (Food allowance is paid back with future earnings).
On-the-Road Instruction / 10,000 Miles
- Train with experienced certified CDL instructor for 3-4 weeks in a real world environment.
- Get 75 hours of behind-the-wheel time with one-on-one student/instructor ratio.
- Earn 10,000 miles toward total 40,000 miles needed.
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IMO it all depends on the person and their situation. If you are a noob to trucking and don't have a clue about the in's and outs of the transportation Industry then obviously your not going to jump from trainee to L/O O/O. It's same as any job you start fresh at. You don't go from employee to manager or supervisor in a week, month or even year. You need experience. Your best option is drive company for a couple years and save your money and advance your knowledge. it is on the job training every day. Learn as much as you can and more. It's a 700 billion dollar year industry so there's money to be made but you have to know how to make it.