Needless to say, you are thinking about becoming an owner operator, or you might already be one, needless to say there are certain tricks to help you advance. Those of you who already own a rig know how crucial it is to get well informed before leasing or purchasing. Owning a truck is a major investment, you need to make it one which is worth while to you. So take your time, do some research and consult if you do not have solid experience.
Which brings us to...
TOP 5 THINGS NEEDED TO KNOW
More than a machine, the truck you decide to lease or purchase is a business investment. And as in any business you need to consider the costs. Not only of the truck itself but mileage(if you are buying used truck), fuel consumption, warranty etc.
Focus on development
You should always keep up with the latest news, this is a fast paced industry and you need to keep learning. In order to grow and advance expose yourself to relevant sources. Get advice and learn about legal and accounting issues or pay for professional consultants.
In the freight business , relationships and trust are everything. Play your cards right and your truck will never be empty or sitting on a parking lot. Keep your customers happy, and connect with brokers. Trust from brokers goes a long way, they will notify you about the freight you actually want to haul.
Account for everything
Weather getting the best routes or choosing the right broker you need to be completely aware. Being an owner operator brings in the big bucks , but it also requires more responsibility. Keep a lookout for higher rates and negotiate, gravitate towards working smarter not harder.
Stay on the safe side
Don't go burning cash and maintain a healthy lifestyle. Always have some reserves because sooner or later your truck will need some maintenance. Keep in mind being an owner operator is much more than being a driver, so large rewards require certain sacrifice.