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Starting my own fleet.

Discussion in 'Business Tips and Taxes' started by Drew21, Oct 17, 2017.

  1. Drew21

    Drew21 New Recruit Researching

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    I work on the river as a pilot and am saving up to buy a truck and trailer out right. What are the best pay splits to find and keep a good driver. I will continue to work on the river and live off my boat wage while using the profit from the truck to grow and get more trucks. But want a good pay system for the people that help me get my biusness off the ground. Any help would be greatly appreciated.
     
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  2. paullud

    paullud Veteran Expediter

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    Best advice is don't do it. Step away from the idea and find a better investment.
     
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    • Drew21

      Drew21 New Recruit Researching

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      I'm not afraid of the risk. Plus most my family have there CDLs. I will get my CDLs for when I'm off for a month from the boat.


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    • ntimevan

      ntimevan Veteran Expediter Owner/Operator

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      Getting in this Business with NO exsperience ... don't forget your life jacket ..

      my Poking sticks are donated by OVM Mfg. of Bison , SD.
       
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    • Ragman
      EO4ME

      Ragman Veteran Expediter Driver

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      What's in it for me?

      Why should i jump ship from someone that knows the business?
       
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    • Drew21

      Drew21 New Recruit Researching

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      I'm not asking you too. I'm trying to get all my ducks in a row for it.


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    • Drew21

      Drew21 New Recruit Researching

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      And no worries timevan. I make 150,000k a year so I can swim


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    • Ragman
      EO4ME

      Ragman Veteran Expediter Driver

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      You're missing my point.

      You're starting a fleet in this business without even knowing anything about it. If you did, you would know how much to pay.

      My advice, get into a truck, learn the business first, then build your fleet.
       
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    • Drew21

      Drew21 New Recruit Researching

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      That's what I'm trying to do. I will get a truck and trailer. Get my own authority. Drive while I'm home off the boat. Probably 35% of the load to the driver. I will look into brokers with the fast pay for starting out and handle some of my own loads with a few of the shippers that I'm in touch with around where I live.


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    • ntimevan

      ntimevan Veteran Expediter Owner/Operator

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      First the $ 150,000 figure means nothing to most us here .... Not Impressed at all ... if you LOSE $250,000 a year jumping in without any knowledge ...
      Lets start simple ... tell us about your plans for running Paper Log Books after Jan. 1rst 2018

      my Poking sticks are donated by OVM Mfg. of Bison , SD.
       
    • Drew21

      Drew21 New Recruit Researching

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      Either get an older truck been overhauled with paperwork or have to get an electronic log for a newer truck


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    • Ragman
      EO4ME

      Ragman Veteran Expediter Driver

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      Wrong plan....give up the boat..... Devote 100% of your time to learning.
       
    • BigStickJr

      BigStickJr Veteran Expediter Researching

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      Don't be hasty.
      Get your CDL.
      Work with other family members during the 30 days off. Do they have authority/ multiple trucks ?
      If no, ask why.
      Just because you have excess disposable income is no reasonable to squander it.
      This is a hard business to make money in.
      Very hard.
      Not saying don't do it. Just saying learn it without risking too much of your money.
       
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    • Drew21

      Drew21 New Recruit Researching

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      I plan on taking it nice and slow. Just trying to start a discussion on here to get some tips and experiences from others. My cousin is OO but his wife blowed his money as he makes it and stays behind. My dad said he would drive local areas. But not a good way to get something started there. He's with usher now hailing tankers. I would stick with what I know with getting a boat but I don't want to go in debt starting a company. Cost over a mil to 2 mil to get a boat company started.


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    • akkshole

      akkshole Veteran Expediter Owner/Operator US Air Force

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      I have over 20 years doing tractor trailer etc everything but Tanker or Doubles...and the rest of these guys have as much or more experience. Don't listen to us...or better, become a nuclear power plant engineer....and start a business running them, oh and then try to figure out how to do it without any experience or knowledge. Don't learn from anyone as an employee either...makes as much sense.

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    • Drew21

      Drew21 New Recruit Researching

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      Over 20 yrs huh. Are you happy where your at? 20 years in should be plenty of time for you to have your own thing going then.


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    • Drew21

      Drew21 New Recruit Researching

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      I'm simply asking questions. And more people are more about acting high and mighty about the industry. Towboats and trucks do the same thing. We deliver product from shipper to receiver. Go thru the same paperwork or even more. No I do not think I can just do this on a whim. It will take dedication. But I'm willing to learn and do it. Everyone starts somewhere.


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    • Drew21

      Drew21 New Recruit Researching

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      And no matter how much experience you have in something. It will do you nothing if you don't have the will to do anything with it.


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    • Ragman
      EO4ME

      Ragman Veteran Expediter Driver

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      But you still haven't answered, what's in it for me?
       
    • Drew21

      Drew21 New Recruit Researching

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      Why don't you tell me. What would it take for you to risk it with someone whose willing to fund his own business start up. Not that I'm asking you to but I want to know. 35% of the load and flexible home time. Not going to be living off the truck profits. So I can save up faster and won't be pressed for trying to run a driver to death to make payments. Least enough to make decent profit after insurance, tags, and taxes.


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