3 Mistakes I Made When I Started My Trucking Business

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ABOUT ME:
What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
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The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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Опубликовано:

11 окт 2019

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Комментарии : 404

@tscottme 3 года назад

I'm impressed with your channel, and most of all, that you get to the point. Many trucking channels spend 30 minutes to say almost nothing or to say 3csentences in 10 different ways. Thanks for respecting thebtime of your viewers.

@courtneyalexander6633 2 года назад

Video was okay the crippling mistake was not obtaining license to operate it same as your first ride hey I'm not long term but drive I have few questions about paperwork and legal procedures you took beginning

@DelFamDII 3 года назад

Thank you. Even though you made mistakes, the courage you took to start your own business is rare. Most of us are trained to play it safe by earning a salary. But owning your own business is breaking out of the mold and if done right, can make you very wealthy.

@abdulsmith1569 4 года назад

You a solid dude man for owning up on the mistakes.....

@lgaristolgaristo88 3 года назад

*you are or you're

@ashrick718 3 года назад

@@lgaristolgaristo88 is he writing a fucking paper? RELAX!

@grantlockhart8105 3 года назад

Bro you videos are on point fr man . I look to your joints on my mission to a successful trucking company. A lot of stuff you talk about I be already done, but at the same time your confirmation of experience puts a brother in a whole new light where he going . Keep posting homie.

@inthejcurve7968 3 года назад

Great video!!! Mistakes are how we grow and improve, and I really appreciate you looking out for your fellow truckers.

@chrisgeezvlog7349 3 года назад

David, I like how you have the coins on your desk near the printer/copier neatly stacked by denomination! Big thumbs up for that!

@olwethuzihlwele3741 3 года назад

Videos sweet and short. Straight to the point. Much appreciated brother. Showing love all the way from South Africa ❤️

@xxkornmetalxx 4 года назад

Good stuff. Thanks for owning your mistakes and giving us the info.

@joaquinsantiago6354 3 года назад

I found you on youtube after searching up how to start a trucking business. I myself never want to drive trucks but, the reason I search it up is because, my father who have been trucking for many years, think he is able to do it. I'm pretty sure he knows the basics and what to expect, but I don't know if he knows what he's getting into. Hopefully I can use your channel to guide him the right way into this.

@camillerose7068 2 года назад

I watch these videos like I watch television. Thank you for all of the vital information that you provide. You make starting a trucking business achievable.

@worryfreemusic-jasoncagle5284 2 года назад

Digging your vids man. I don’t even drive a truck but my grandfather did and I’ve always been fascinated with truck driving bc of him and it’s interesting to see documented stories of truckers and what has changed and what you all deal with.

@supatruckerbea1270 4 года назад

Love the videos... I am inspired to share my experience with others.

@nursedom6398 3 года назад

Please share!

@KW-fe5ye 4 года назад

Thanks for being so vunerable and sharing all of your sucess!! (Mistakes, pros, cons, certificates, license, attitude...)

@timjordan520 4 года назад

When i bought my semi in 2014, i used my bank to buy it. They financed my truck, which was a 2006 western star 4900fa. The bank i used financedcit as a new car loan!👍🏽 i put down around 4k and my unit was around 20k, so that made my payment around 350/month... i may get back into it soon

@alexjones28 3 года назад

Why you stopped?

@dewill569 3 года назад

A bro I was thinking that instead of a financed truck threw a dealership I was thinking borrowing from the bank. Is it a lower monthly payment? And a better money saving option?

@timjordan520 3 года назад

@@dewill569 i dont know your personal financial situation, but shop around for the best deal for you.. the bank was a great personal option for me

@davidsand389 2 года назад

Thanks Again! Always appreciate someone that is willing to pass on the knowledge.

@ishababyyy5625 3 года назад

I love this video bc he got straight to the point … their was no intro he just started spitting information and u don’t find to many videos like that . Everything was clear and understanding. I would like to know more about owing your own trucking company mabye u can give me some more information.

@bpeters63 3 года назад

Very good content as always. Very thankful for the information you put out here for us new owners and operators.

@sharoncampbell5915 3 года назад

Thank you for your honest opinion on the trucking business

@vertueorganics8663 3 года назад

Great short and straight to the point info. Appreciate the game !

@jmoto1983 2 года назад

I wouldn’t call it a foolish mistake but more of a learning experience; and from those we grow wiser from them. Your channel has helped me take my steps into starting my own business and I will be rolling end of July beginning of August. Thank you for sharing your knowledge!

@Dan-yn3ze 4 года назад

Only watched 2 videos and I love the channel so far! Great video thanks

@TMcGee_3 2 года назад

Thanks for your honesty!

@JorgePerez-fy8ih 3 года назад

I commend you brother for showing us what lies ahead. Thank you for sharing!!

@Gheuns3251 3 года назад

Thank you for taking the time to educate and using your own experience to help others avoid making same mistakes . May God continúe to bless you abundantly .

@relaxationtherapy9608 2 года назад

Thanks for your advise, it is very helpful to me as somebody who wants to go into trucking business next year.

@gmailcom1699 2 года назад

Well absolutely ,if you need a hand starting up reach out to one of the consultants .

@TruckingFromScratch 2 года назад

That’s not me in that previous comment. It’s spam

@htmcphee4 4 года назад

Thanks for the information that you are putting out there, it is making a difference.

@Kallel73 4 года назад

242 😎

@MsFuturemillionaire 2 года назад

Thank you for a short, sweet, to the point video

@maurofreitas417 2 года назад

Great work on all your videos

@vinze23saucedo 2 года назад

Brother I’m glad I found your channel! Thanks for the info!

@anupchandra1862 4 года назад

Huge support!! Thanks for the video.

@mostlysunny-gk4ff 3 года назад

Thank you for sharing your experiences and advice!

@timjordan520 4 года назад

Also, great knowledge you are giving people David McGill! I learned alot from another guy who used to post videos on youtube as casanova601! You both are blessing people with free knowledge

@josergarcia1979 3 года назад

I appreciate your advice bro I’m 29 yrs old and I’ll definitely keep this in mind, I have my Class A and I’m thinking about buying a sleeper my dude

@markstovall6857 Год назад

Great info. Thanks young man

@CCodyG 3 года назад

You give the best advice! Thank you for sharing.

@timjoyce9380 3 года назад

I have been trucking for a while ! You are a smart young man with one of the best videos that I have seen on RU-vid about trucking. Paying cash for the truck was not a mistake you saved the interest on the money it cost money to use someone else's money. I would try and get away from factoring you are just paying to get your money sooner but you are still taking the risk for not getting paid. There is recourse and non-recourse on factoring. Keep up the good work.

@driven24djackson 3 года назад

Thanks for the info bro.. I appreciate the headship. I'm getting my truck beginning of next year

@mercyrn35 2 года назад

Thank you for sharing this valuable information. So many people aren’t willing to share their mistakes. Only their successes.

@ethelmertz6422 3 года назад

Thanks for the video! Good information, and thanks for sharing your 'mistakes'...it does take a BIG man to admit his stumbles on the way to success!

@marcopolo_7429 4 года назад

I made quite a few mistakes when I jumped in the game with straight trucks! I have since parked them, and put my time into experience and getting driving miles in a semi, so next time around, I'll be better prepared! Good videos man, Look forward to ya new vids!

@TruckingFromScratch 4 года назад

Thanks for the feedback. Better preparation is definitely the key. Good luck to you

@us.health.insurance.options 3 года назад

Great video. I am not planning to become a truck driver but maybe invest in a trucking company in the future. This channel is a great way to start learning about what it takes to do that. Thank you I am looking forward to new videos.

@bravobaby06 3 года назад

You dropping gems!

@rojojo2889 3 года назад

Great content, you inspired me Bro thanks and stay blessed.

@user-gk1fq5xg3o 3 года назад

Thanks for that information bro

@Dreamingbigent 3 года назад

Solid dude appreciate you King ‼️

@truckervance 3 года назад

I know this video is nearly two years old and you may have already learned this by now. but having a mechanic 'assess' a truck on site unless he/she has a CDL. Most important, driving a truck around a lot won't tell you anything. Pre hire road tests are more in depth than just driving around a yard. When testing a driver and/or truck it is imperative that an experienced driver test that truck on a highway. A driver will notice, by sound and feel the most minute things about the truck that a mechanic may miss by simply driving around the yard.

@zaidchalabi1599 3 года назад

thats a very good video man. i appreciate honesty and i really love the straightforward points thank you for being one of the very few

@jyroaz06 2 года назад

David, thank you much bro!

@Wickimo 4 года назад

Thanks for your honesty.

@JohnSmith-tk3mk 4 года назад

Sir, thank you very much for the video! You are a gentleman.

@jonathanh3632 4 года назад

did all three myself :D just this past year :D

@testarling1 3 года назад

This guy is a BLESSING.

@Danny-fs1hk 4 года назад

Thanks a lot for your lessons!!!

@yusufcswift392 2 года назад

God bless you for brother am starting my truck business by June🤩🤩🤩 you are a blessing to us. God bless you one more time I will continue to put you In My prayers

@adrianjones1762 3 года назад

That was VERY helpful. Much appreciated!

@cre_datch 3 года назад

Thanks for sharing and helping others.

@Angel-ts6ly 3 года назад

Thank you so much for sharing your experiences!!!

@BignNizzo315 3 года назад

Appreciate your insightful knowledge bro Salute

@Cahluvca 4 года назад

Thanks for the knowledge brotha

@bigtoe0341 3 года назад

Thanks for the advice David

@bigben8156 3 года назад

Respect your honesty

@miketyson2499 3 года назад

Mannnn thanks alot boss... This really just helped... Keep doing yo good deeds black man ✊

@selormkojoefiadjoe5600 3 года назад

Solid guy. Respect ✊🏿 . Thx for the info

@mvcapitolllc.7894 2 года назад

Thank you David for sharing all of your information and knowledge. I've been in the industry since 1993 as a CDL A driver and Truck/Heavy Equipment Mechanic and im finally buying my first two tractors and getting started. I understand leveraging debt to make profit is the smart thing to do however, after forming your LLC, you simply buy the trucks out right saving yourself a big payment and you can easily use the purchases as deductions as this will cushion the first year nerves. Depends tho I mean if you need the operating capitol then leveraging is the way to go.

@belaywubetu7841 2 года назад

Thank you very much bro I learn a lot of things from you to bye the truck financing

@brettanderson4121 3 года назад

Thank you for sharing your experience!

@pablolearning1954 4 года назад

Thanks for all the tips 👍

@eazy5019 2 года назад

Thanks for the nuggets.

@Dunamis_010 3 года назад

Great vid. Thanks for the lesson!

@csbadboy0083 2 года назад

Your heaven sent thank you so much ✊🏿

@MsMMMommy 2 года назад

Your channel has been a blessing. Please know that. Thanks for sharing your knowledge. Much appreciated. When I get some extra cash I definitely will be reaching out some way.

@ryanoliver5269 2 года назад

Great Feedback !

@crisgamboa3786 3 года назад

My respects to you my friend !!! Thanks for the info

@arturohernandez4728 3 года назад

I just subscribed, thanks for all that info!!

@tamaraigbanibo2630 3 года назад

I appreciate this video. Thank you so much!

@sportscardude 3 года назад

Love your videos pertaining to the office/business aspects of trucking! Having a business degree myself but being new to the trucking industry, I knew that there would be a lot of behind the scenes paperwork and decisions to be made when starting my own business. I am so glad I came across your channel discussing just those. Out of sheer curiosity, what kind of truck was your first purchase? Year make model and miles I mean

@colemanjackson8694 4 года назад

Thanks Bro., good info

@martevanmckissic244 3 года назад

Great information bro!

@Joendutitv 2 года назад

Thank you for the insights

@taffrivers 3 года назад

Thank you for sharing

@kharigaynor1553 3 года назад

THANK YOU FOR YOUR TRANSPARENCY! VERY HELPFUL

@danieldehay5198 2 года назад

Thanks for your honesty…..

@cristianschmalbach7211 3 года назад

Thanks for the advice! was about to do the same thing !

@TruckingFromScratch Год назад

👕 Get your Mind Your Trucking Business T-Shirt: truckingfromscratch.myshopify.com

@jaydutt295 2 года назад

Thanks for the advise

@tonycastro3161 4 года назад

Thanks for this video bro

@van2820 3 года назад

Thank you for sharing this information.

@corneliusgray2042 4 года назад

Articulate and well-versed 💯💪

@lgaristolgaristo88 3 года назад

"no negro dialect" -Harry Reid, recent Democrat politician

@vato6056 3 года назад

Keep going brother

@deshawneli 2 года назад

Thanks for sharing that

@fionafinn443 3 года назад

Thanks for the great information

@sheltonlovesr.8941 3 года назад

You didn't have to tell the world any of this, yet you did. I salute you sir, and respect you, that your desire to be real and educate us is more important then the stupid comments you have and will received. Much continued success to U.