I'm constantly blown away by what you accomplish in a day. Running a demanding business full time, making these in depth educational videos, and all the normal day to day life responsibilities and tasks. I'm sure that's just the half of it. Thank you again for your RU-vid channel. It really helps! 🙏🏼💫
it's easier to work/run a trucking company from the office/home vs actually driving all day every day. I'll rather work from the office than drive any day. yall agree??
@@TruckingMadeSuccessful what do most drivers/owners do for office space...use their home or rent an office w a staff person/dispatcher?? avg time they are on the road??
I saw many ambitious ppl wanna hire drivers and have few trucks etc. The key is to find a driver who will take care of the equipment instead of destroying parts of it every trip. Until ur truck turns into scratched up, dinged up, crooked up bumper and panels etc. If a driver neat and takes care the inside of the truck he most likely do the same on the outside as well
You are right, there is nothing passive in trucking from the moment you buy your very first truck. I am a pretty new owner operator, just 9 months in and There is always something going on and a lot to learn. I get home and there are still things to do, maintenance, organizing all the bill of lading a and receipts, clean the truck, get it ready to go on the road again. there is nothing passive.
great video, thank you only thing I think you left out was the expense of your trucks including break downs, fuel and insurance so you your profit will be much less as well Thank you for the insight as I was looking to help a friend that has 3 trucks to run but the brooker fees are killing him and too much down time waiting for loads
Great video.. it’s all about the driver you hire … you have a good driver you going to make money but you have a bad driver no money… I average 900 to 1300 week on one driver .. I’ll pay 29% of gross of the truck ..
LOVE your videos! I’m registering my trucking business this month. I’m also located in california (SoCal); Would love to connect and hear more about your story and network! I feel like i need to surround myself around more people in industry!
I'm thinking of buying a truck and leasing to a company, how much would i earn as a truck owner? I was told 4k a month net and someone else told me that is not acceptable you should be getting 10k a month? Driver would bring in around 35k a month gross ?
This is the only video of you where I have a lot of questions🤔 you left out fuel, insurance, tolls, ect... and is the money cut in half when you are making $2 per mile and paying .50 per mile. That's not adding up. However, I love your insight!!
Thank you 🙏 for a true analysis and reality check on trucking!!! I agree it’s definitely not a get rich scheme or hands off type of investment trucking. P.S the hair looks like it was having a good day. Keep up the great work
Thank you for all the valuable free knowledge you share with us. I watch this channel like Netflix. You’re beyond informative and helpful, plus I realized that when I’m learning from a good looking woman, I’m able learn better 🥂
The owner/operator will have to PAY himself that .50 to .65 cent per mile. ex. his monthly net income = $14K and he has to pay a driver about half that ($7K) or pay himself about 80% of that 14K = $11K per month and save the other 20% for the company's future/expansion.
It was nice having an extra day off. We haul fuel. The boss was freaking out this morning, as the bulk plant is running low on fuel because of everyone being off Monday. 🤷♂️ can’t win
LOL, just roll with the punches! But yes, on one hand it was awesome not to be bombarded by calls on a Monday. On the other hand...nothing gets done haha
Great video, thank you for it! One question, I have heard you mention quickbooks before, do you use quickbooks for your payroll services as well or an additonal party? Again, thank you for all the education!
On the owner operators.....why can't you just 1099 them and let them be responsible for their own taxes? And, if you did 1099 them would you still be responsible for W/Comp on that employee? Just asking questions.....love the program and THANK YOU👍
1099 is only for owner operators with their own equipment. Unfortunately, 1099 does not have a place in CA due to AB5 law. But yes, if you are leasing on owner operators, you can do 1099 and then would not be responsible for workers comp.
Hi ma'am, what do you think about leasing trucks with ryder/penske. No worries about maintenance, no down payment, new equipment, and if truck breaks down, they will put your driver in another truck asap.
Great question but I am a horrid person to ask because if it were up to me, I would be putting away 70-80% 😂 I wear suspenders with a belt. Would love to see what others think!
Hi, curious if these monthly margins that include payroll are relatively representative of what you've seen over long time horizons (to capture large and more unusual expenses - mostly related to expensive repairs)?
if you pay your drivers a flat rate and add a safety bonus every month for being safe on the road then that net income will increase..every company makes diffrent money. just have to structure the right way
As I said in the video, a driver is the single most important player of a trucking company. This video is to show the reality of numbers as many people think they will open a trucking company, hire a driver, delegate all work to third party providers and make a passive income. Doesn't work that way.
@@TruckingMadeSuccessful I have been driving for 30 years and have been with a postal contractor and believe they make money. Each truck brings in $100 per hour and there are like 20 trucks. Roughly 5 grand a week per unit if they have routes. I can go get a truck myself, but I don't want to driver anymore. I do have the opportunity to work with a broker and also do dispatch service on top of that.
One question if you could verify for me. Wanted to ask if my driver lives in Texas but my company is based in NE would ADP automatically not take state taxes because the driver lives in Texas or is it something that I will have to tell them?
That is something you need to tell them as they will assume that the employee works at your place off business, but an interstate driver actually works everywhere and therefore taxed in his or her base state
Wow everything sounds great on your board money wise 👏 until the Driver call with a Break down on the road ,,, now you have a problem calling the service truck out and now you can say goodbye to all your profit ..... Everything sounds great on the paper 🤣🤣🤣🤣
Is it easy to hire drivers these days though? Not many are willing to go across the country on a weekly basis. They rather stay closer to home, at least that's what I've experienced when hiring.
Please keep in mind that the 14K miles is a real mileage from my company- that includes the last load which picked up at the end of the month and delivered in the beginning of the next month. And in terms of the 50 cpm driver, please show me where I encouraged that rpm in the video. I am here to provide facts, not to personally advise unless asked to do so.
@@TruckingMadeSuccessful A worker should be compensated for his time, with 1.5X rate after 8 hour shift. Anything else is business imposing their risk onto labor. Anyone smart would decline.
@@TruckingMadeSuccessful coz I was paying %15 on total payroll last year. That’s the only reason why I had to sell my trucks and let go drivers. And started myself again. AB5 is difficult 😥
