What it Takes to Become an Owner-Operator
On a conference call with our tax accountant, he called us out personally and said “Guys, you can’t be a jack of all trades… leave the details to the professionals…” as he tried to sell us on their in house accounting products. Unfortunately, we didn’t have the privilege of the extra revenue to be able to afford such a luxury - to hand off our responsibilities as a single truck operation - that would cut a good chunk of our already small profit margins.
Overhead. Overhead. Overhead. "Location, location, location.”
Plan for the absolute worst to happen. Even when trucks are new and under warranty - if your truck is down for an extended period of time, your liabilities are still due, and there is so much more than truck payments when you become an owner. If you fall behind in less than a few months or are relying on advances to fuel up your truck, you didn’t save accordingly. Before buying your first truck, make sure to have 6 months or more of your overhead costs. Figure your expenses; truck payment, insurance payments, satellite and equipment payments, credit card payments, and any additional fees you might be accruing every month, then multiply that by 6 - and add a couple grand on top of each month to give you wiggle room for those additional expenses, like general maintenance, for a good estimate of what your nest egg should be.
Truck buying - “Don’t sell yourself short - literally.”
Whether you’re building or buying your first truck, make sure your equipment gives you options, and can sign onto multiple different carriers in case you needed to abandon ship at your current company. This is only a safety net - being able to move your equipment when things go wrong - a back up plan that you hopefully won’t have to use but is there if you need it. Then when you do want to invest in specialized equipment in a smaller market, make sure you’ve personally done your time in said segment to gain the most insight to where you’re investing. Don’t go run out and buy a truck for a specific lane that you’ve never run or are “being promised”, or when you’re new in a segment of an industry you’ve never been apart of.
Networking.
“It’s not what you know, it’s who you know.” is a sentiment we have been sharing with anyone and everyone we’ve ever met that ask us for tips to find success within trucking. Whether you’re someone who is talkative or more reserved, you’ll have to learn to be both when the opportunity is presented to you. Learn to shut your mouth and open your ears to listen to people who’ve been in it longer than you, take value in learning from their mistakes, and ask as many questions as you can. Connections are a great thing to have, and when issues present themselves (and they will) you’ll need to know where to go to find those answers. Google and Reddit will only be able to help you with so much. So, build up your network and make friends in the right areas, which means all areas.
Ask Around.
Talk to fellow owners that have insight into the truck you’re looking to buy or build, as well as the equipment attached to it; APUs, liftgates, reefers, etc. If you’re unsure of companies, talk to their drivers, ask about miles, bonuses, backhauls, etc. Looking to build or buy a truck? Then get quotes at multiple dealerships, and ask other owners where they purchased and if they have any recommendations on dealerships. Don’t just jump on the first opportunity that presents itself.
Listen to your gut.
“If something seems too good to be true, than it probably is.” The trucking industry has a ridiculous amount of scams that prey on uniformed and/or new drivers looking to move up and branch out as an owner. If a company or dealership rubs you the wrong way, look elsewhere and move on. At the end of the day, our gut has saved us from making deals with bad seeds, and kept us from getting taken advantage of in every aspect of the business.
Take your time.
The statistics for small businesses are scary and disheartening to say the least. In their first year, 20% of small businesses are doomed to fail. By year 5, less than 50% still remain. The most common causes that lead to entrepreneurs and small businesses failing is lack of planning and cash flow issues. If you want to equip yourself to avoid ending up on the wrong side of these stats, take your time, learn and absorb everything you can, and always have a back up plan.
- Run Hard, Dream Big
What to Expect at a Truck Stop
Welcome to your second home.
You’ll be blown away by some of the amenities offered by truck stops. They feature mini movie theaters, museums, salons, barber shops, shoe shine stations, chrome shops, cell phone stores, and even a bowling alley. Trucking locations have attempted to make life easier with these few simple additions to fuel and food.
Does it work? That depends on who you ask.
You’ll find just about everything you need to run smoothly at any general truck stop; from shower supplies to laundry supplies, dog food and toys, truck parts, tech accessories and seasonal clothing. We don’t recommend doing your everyday shopping at these trucking locations because the convenience of it will only hurt your pockets. Prices at truck stops can be as much as triple the price at your local supermarket, but in a pinch it is a great convenience that you will experience at some point.
A favorite amongst drivers are the truck stops diners; mostly 24 hours with buffet specials available everyday of the week, offering private seating just for truckers. The food is belt busting, but it’s hot and just what a trucker needs to feel at home. Most locations will also have at least one fast food restaurant in addition to the diner because food is always in demand when it comes to truckers.
One of the most necessary features of a truck stop is the diesel shop and parts section. You’ll be able to find what you need for general maintenance to keep you running. You can expect to find your basic selection of tools, oils and lubricants, and simple parts like windshield wipers. Majority of the diesel shops are 24 hours and offer full service centers.
In addition to the basic amenities, some locations feature chrome shops, cb shops, salons, and mini “movie theaters.” How often you will utilize these options are dependent on your lifestyle while over the road, but it is still necessary to aid in the comfort and ease of access to drivers who are away from home for extended periods of time.
Cleanliness can be questionable depending on where you stop but most corporate run truck stops have someone outside cleaning the parking lot and fuel areas in addition to the store itself. You will quickly find which locations meet your standards, as you will frequent them more than you realize.
As more locations open across the nation, showers are being updated and made to look more modern in turn pushing prices to average $15 per use. They offer a full private bathroom, with bolt locks for added security (a few of us have been surprised by shower attendants accidentally). Aside from that, most showers are equipped with coat hooks, 3 speed fans, and a hairdryer. Corporate named truck stops provide fresh towels, bar soap, and liquid body wash.
Truck stop showers are private rooms that are cleaned after every use. They generally contain a personal sink, fan, towels, bar of soap, liquid soap dispensers, and a hairdryer.
So do truck stops make living as a truck driver easier? That’s up to you to decide. The food can be mediocre, general products are good to have in a pinch but are overpriced, and most truck stops typically lack healthy activities. So though a majority of their features are outdated, trust that they are working hard to catch up to the new generational shift. You might find that some locations simply provide fuel, showers, and a lit parking lot.
Welcome to your second home.
COVID-19 Trucking Updates
Let us help you keep rolling through the pandemic.
To help ease your stress over the road, we are going to keep the latest and most pertinent news updates on the COVID-19 crisis available to you here along with sources for you to get help.
News will be summarized and links pertaining to the topic will be attached for further information.
U.S. Department of Transportation News
• FMCSA posts guidelines for transportation workers providing support for hard hit areas. Including health safety guidelines when at shipping and delivery locations. Read more about it here.
• Motor carriers and drivers providing direct assistance in support of relief efforts related to the COVID-19 outbreaks are granted emergency relief from the FMCSA Hours of Service Laws. Read the declaration and rules here.
Expansion of this declaration as of 04/09/2020 extends the HOS emergency relief through May 15th, 2020. Read it here.
• FMCSA CDL waiver extends CDL expiration for 120 days for CDL’s due for renewal on or after March 1st, 2020. Read more about the declaration and other extended deadlines here.
◇
Information related to COVID-19 from the Federal Motor Carrier Safety Administration can be found here.
Trucking Locations
The latest updates from all major truck stop chains such as TA/Petro, Pilot/Flying J, and Love’s Truck Stops include that locations are open and running. All locations nationwide are also requiring masks. Showers are being cleaned more thoroughly so you can expect slightly increased wait times for a clean shower. Restaurants are limited to carry out orders though some dine in locations have reopened. Large areas of gatherings are at limited capacity such as drivers lounges and casinos. Social distancing is being practiced. Hand sanitizing stations are strategically placed near entrances/exits, and areas of high usage.
Pilot/Flying J and Love’s Truck stops have begun mask enforcement nationwide.
Travel Centers of America / Petro : Check for location updates here.
Pilot / Flying J : Check for location updates here.
Love’s Travel Center : Check for location updates here.
SappBros: Check for location updates here.
Check with the State DOT site in question for exact location information.
Use our quick link page for all state DOT websites here.
Customer Locations
You can expect some customer locations to shut down or slow down manufacturing due to local and statewide mandates and/or recent breakouts. Those that remain open are deemed an essential business and therefore will have to maintain stricter sanitation and safety practices. There have been reports of personal information being requested and temperature check points. You may also be asked to take a questionnaire inquiring as to your recent travel history, if you are experiencing any flu like symptoms, have had any symptoms in recent days, or have been around anyone who was sick in recent weeks. Most locations are requiring you to wear protective gear, including but not limited to, face masks, shoe covers, protective head gear, full body suit protectors, and/or gloves. Warehouses have also been asking drivers to sanitize their hands upon entering the facility. Please do your part when at shipping and receiving destinations to keep America running smoothly.
Driver Resources
The SBA has implemented multiple programs to help small businesses with their financial needs.
DrOnDemand allows you to have virtual medical health and mental health visits right from your cell phone. Doctors are able to examine you, prescribe medications, and guide you further if you are having any flu like symptoms. Mental health visits offered through the app are in 30 minute and 50 minute sessions. Utilize your down time because there’s no better time to take steps to improve your mental health.
St. Christopher Trucker Relief Fund
The St. Christopher Trucker Relief Fund is a foundation focused around assisting drivers and their families through times of crisis and can help connect you with valuable resources.
National Suicide Prevention Lifeline
If you are feeling overwhelmed, stressed, anxious, or fearful - you are not alone. Please don’t suffer in silence, and reach out to the National Suicide Prevention Lifeline if you are having thoughts of suicide.
The National Suicide Prevention Hotline is 1-800-273-8255.
Feel Good News
One positive ripple effect coming from the COVID-19 outbreak is the nationwide acknowledgment of truck drivers. From our government down to locals in our communities helping drivers, the outpouring of appreciation has been overwhelming to the industry. We decided to highlight some stories below.
Logan Miller, a teenager from West Virginia, uses his allowance to purchase and supply lunch for truckers at rest area. Watch the video here.
Iowa scale house passes out 500 lunches to drivers as a part of the #thankatrucker movement. See the post here.
Kentucky State Police hand out lunches to CDL drivers. Read more here.
Wyoming Sheriff assists a truck stuck on Teton Pass. Watch the video here.
High School in Washington State opens as makeshift truck stop to aid truckers during crisis. Read more here.
Sam Brock from The Today Show does a segment focusing on trucker appreciation. Watch the video here.
USA Today acknowledges truck drivers are more than just essential, repeating the famous trucking quote “If We Stop, The World Stops.” Read the story here.
April 2020 - Our United States White House thanked all of our nation’s truck drivers.