Recent content by NYExpedite

Awesome, thank you for the info. I have some money saved up to contribute to the business, but im thinking i will be able to do even better and not have to be gone for weeks at a time if i can just buy the van outright or at least 60% of it. As it stands im including about $450 a month in loan...

Yes, i knew that, i misspoke. i can go ahead and just form the company now, and get the insurance and MC down the road. If im running as an owner op for another company generally we run under their insurance right since its their mc?

Yeah, definitely not. I'm thinking minimum of 6 months before I fully start. At least start driving, i can go ahead and form the company and MC and everything and then get the van and everything down the road

I know, and I do greatly appreciate it all. I know it will be tough, but I know about what amount of gross monthly income I would need to net the same that I am making now after everything is paid for. My wife has a good job too, and the way it stands we could 100% afford to live off of one of...

So im supposed to just never start my own company? I went to business and supply chain school so I could do this exact thing. I mean I get the risks involved. If it failed, it would be easy to sell off my business assets pay the loan off and go back to a desk job.

Good to know.

How long did it take you build it into being this profitable? That's amazing! Did you start off driving?

Are factoring companies out of the question? I mean honestly I think paying a company 3% of the load is worth the hassle of not having to do all that myself. Again, I don't know anything about factoring companies from the payee side but my experience with factoring companies seems like its a...

Yeah, I already have a name and everything(Not NYExpedite, i made this account weeks ago before i came up with the name). I'm developing a financial plan now that allows any potential lenders to see my projected income vs projected costs. My father in law has owned a business and property for...

This is good, it's looking like I will probably have to sign on to a company, at least for the first year maybe. Do companies give you the ability to, while working with them, book your own loads with your own MC# if necessary? That's my only concern. I worked for a company that didn't allow...

So i can't get commercial auto insurance unless I have 10 years of experience? That seems a bit unreasonable. But yes, I have looked into insurance costs. And to the guy who mentioned running the business from behind, I have saved up money FOR this business. I have seperate money I have saved...

I don't mind being gone longer than 24 hours, just won't be staying out for weeks at a time. I can be gone for a few days at a time, like over the weekend especially. I've seen a lot of short 50 or 60 mile runs pay expedite carriers $200 or more depending on the lane. I really appreciate all...

I would still work my day job. I already know that I would be able to make a small profit while working my day job and driving part time.

I won't have really any costs except for any van repairs and gas and maintenance for roughly the first year, that's what my banked money is for, i've been saving for quite some time, and my bank has already pre-approved me for a small business loan for the amount I need, just need to get it on...

Was that first comment sarcasm? I have some money in the bank, and a pretty solid credit history so I don't see a small business loan being a big issue. I fully understand that this WILL be a struggle, at least in the beginning. I just needed some input from people who have been doing it a...