What No One Really Tells You About Being an Owner Operator

Sdílet
Vložit
  • čas přidán 28. 08. 2020
  • What No One Really Tells You About Being an Owner Operator. Being an Owner Operator can sound romantic and the ultimate job for the truck driver. But there are some things that you may not know about what the job REALLY involves. In today’s video, we’ll talk 5 things that no one really tells you about being an owner operator.
    1. Time Management
    2. Maintenance on your investment takes time.
    3. Running a Small Business. You're no longer 'just a truck driver'.
    More Related Articles
    - How to Be a Successful Owner Operator
    www.smart-trucking.com/owner-...
    - Company Driver vs Owner Operator Jobs: Which is Better For YOU!
    www.smart-trucking.com/owner-...
    - 7 Things Every New Owner Operator Should Know
    www.smart-trucking.com/new-ow...
    - 10 Ways to Know If You’re Ready to Become an Owner Operator
    www.smart-trucking.com/owner-...
    More Related Videos
    What You Need to Know About Becoming an Independent Owner Operator
    • What You Need to Know ...
    7 Things Every New Owner Operator Needs to Know
    • 7 Things Every New Own...
    The Most Common Mistake Owner Operators Make
    • The Most Common Owner ...
    ************************************************************************
    "PLEASE NOTE: THIS VIDEO CONTAINS PAID SPONSORSHIP ADVERTISING FOR GP TRANSCO."Here's a link to check out their site and find out if they're a good fit for you. Definitely take the time to investigate this carrier. www.gptransco.com/drivegp
    *************************************
    LOVE SMART TRUCKING AND WANT MORE CONTENT?
    HERE'S HOW!
    → SUBSCRIBE TO SMART TRUCKING CZcams!
    Get loads of truck driver tips!
    / @smarttrucking
    → BECOME A MEMBER!
    ♥ Access special perks and cool stuff on our Channel.
    ♥ Get content that you won’t get anywhere else!
    JUST CLICK THE JOIN BUTTON UNDER ANY OF OUR VIDEOS!
    OR
    CLICK HERE!
    / @smarttrucking
    → LET’S CONNECT!
    ♥www.Smart-Trucking.com (WEBSITE)
    ♥ / smarttrucking
    ♥ / smarttrucking
    ♥ / smart_trucking
    ♥ www.instagram/smartttrucking
    → Sponsorship + Business Inquiries? You bet. Go here and tell us what us more! info@smart-trucking.com
    → Need Some Advice About Your Truck Driving Career?
    - Maybe you need help or advice regarding your trucking career
    - Maybe you're wondering whether a career as a truck driver would be right for you
    - Maybe you are looking for some advice on how to handle an issue with a trucking company
    - Or wondering if now is a good time to jump into getting a CDL
    If any of the above sounds like what's troubling you, we can help.
    Go here to learn more about our consultations.
    www.smart-trucking.com/smart-...
    → OUR MUSIC IS ALL SOURCED FROM CZcams
    Music: From CZcams Library
    Song: Atlanta
    #trucking #cdl #trucker
  • Zábava

Komentáře • 368

  • @SmartTrucking
    @SmartTrucking  Před 3 lety +32

    *_Hey there Big Strapper_* . Thanks for stopping by to catch today's video. How about you? Any thoughts on becoming an owner operator? *_What is YOUR best tip to first time new operators_* ? Love to hear what you're thinking.

    • @johngalcik5983
      @johngalcik5983 Před 3 lety +4

      I stumbled on your site and I watch it often. However, I am not a trucker. I am a Chef and have worked in restaurants for many years. I take inspiration from your videos as how someone should live their life and how people should interact with others. ALWAYS true advice. Thank You !!!

    • @countrytimescleanceilingve5084
      @countrytimescleanceilingve5084 Před 3 lety +1

      Do you still drive?

    • @madworld1808
      @madworld1808 Před 3 lety

      You look good sir. From the lastTime I saw you on the video. U look rested, lost wt.&healthy.

    • @robertdickerson4460
      @robertdickerson4460 Před 3 lety +2

      Don't combine all bills together and pay you self the amount from your last job.

    • @ghostman303
      @ghostman303 Před 3 lety

      Hay bud you need to get on a load board... I do loads from everyone that pays

  • @mrieaa1
    @mrieaa1 Před 3 lety +83

    When you look up truck driver in the dictionary a photo of this man pops up.

  • @kenlawrence4668
    @kenlawrence4668 Před 3 lety +131

    I was an owner-operator from July/85 to retirement September/19. Went through the whole shebang...had 5 trucks and 11 drivers at one time...drivers can kill you...especially when the carriers and customers play the 'rate game'. Finished my career with one truck that I drove for the past 6 years. Always told anyone who asked about being an owner op...remember this...you are a trucking company first and a driver second...never confuse the two.

  • @mmtruckingllc657
    @mmtruckingllc657 Před 3 lety +51

    This is spot on...
    I've been an owner operator for 5 years and this is exactly spot on....
    Save your money, even when you think you have enough money put away, you don't, keep saving (you will need it)
    One more point I want to add is, don't let fleet management jerk you around, put your foot down with them and let them know that you are running a business and don't work for free....
    You will be successful if you are smart.

  • @truckerhershey7042
    @truckerhershey7042 Před 3 lety +141

    Nothing like having a nice shiney expensive new car that you don't have time to drive. I have a used car I drive about 100 miles a month.

    • @MrTheHillfolk
      @MrTheHillfolk Před 3 lety +7

      Haha I'm not a trucker but I drive like 25k a year for work.
      Work is a mile from the house , so my car is a pos that I havent changed the oil in since 2013.
      What for , it's a 1200$ experiment.
      I think I've put 15k on it. I could take the work truck home if I'm out late.
      and if I've gotta go far I take the wife's new car if she's around.
      When it dies maybe I'll get something newish.

    • @darrellborland119
      @darrellborland119 Před 3 lety +3

      @Trucker Hershey...funny one. Indeed. When I drove truck' , the p/u truck sat in the yard and collected dust! Thanks for the memories...I "think" lol.

    • @andrewstaerker9912
      @andrewstaerker9912 Před 3 lety

      Same here lol

    • @sandasturner9529
      @sandasturner9529 Před 3 lety

      Same here.

    • @InnocentlyInsane666
      @InnocentlyInsane666 Před 3 lety

      Bought a new truck last year... pickup... blue book is 1000 less than my purchase price. Lol...

  • @zachleister5056
    @zachleister5056 Před 3 lety +20

    You’re a real natural on camera! You are also doing your fellow man a real service by offering these educational videos. Thanks for sharing your insight.

  • @haydnedwards8079
    @haydnedwards8079 Před 3 lety +20

    I believe that if your money is managed correctly, you can face every obstacle that is put before you. Most guys go out of business because of slowdowns in freight or a catastrophic failure of the truck both things that can be fixed by money.

  • @joefutrell5339
    @joefutrell5339 Před 3 lety +26

    When becoming an owner operator try very hard to buy a truck without a def system. That def system will break you in a hurry.

    • @Clay677
      @Clay677 Před 3 lety +2

      im a company driver but i would agree. my 19 cascadia has been in the shop 5 times in 150k miles. mostly for the DEF sending unit but i couldnt imagine the loss in down time over that. its bad enough it costs me money when it goes down.

    • @huemungus7297
      @huemungus7297 Před 3 lety +3

      That's why my truck is a 2006 Peterbilt cat power.

    • @twenty2twenty216
      @twenty2twenty216 Před 3 lety

      And you will stink up the truck stops without it. Get a dpf system....

    • @SoulTouchMusic93
      @SoulTouchMusic93 Před 3 lety

      maybe in america in europe they are fine. they do cost you extra money just for the adblue tho.

    • @michaelsotomayor5001
      @michaelsotomayor5001 Před 3 lety

      excuse me but what's a def system?

  • @MikeBrown-ii3pt
    @MikeBrown-ii3pt Před 3 lety +39

    I've been out here since 1993 and an owner operator since 1999. I'm one of the lucky ones since my dad was an owner operator so I knew exactly what to expect. The biggest problem I had getting started was telling dad that I'd bought a used Freightliner as my first tractor...dad was a Peterbilt man lol! I still own that tractor and, until this spring, I've ONLY bought Freightliners. I took delivery of 2 brand new KW T680s in April but they went to 2 of my drivers. I still love my 06 Classic XL.

  • @J.R.in_WV
    @J.R.in_WV Před 3 lety +3

    I’m an o/o of a triaxle dump truck. My NTC400 Cummins holds about 14 gal. Of oil. What I do is split the used oil into clean 5 gallon cans and then every time I go to fill my 100 gallon tank I add 5 gal of used motor oil to the fuel. Keep in mind you’ve got to keep the oil free of dirt and debris but if you can do that, it’s a great way to dispose of used oil . Of course I wouldn’t dare try this on any truck with electronic fuel controls of any kind.

  • @Corleone_Napoleone
    @Corleone_Napoleone Před 3 lety +22

    Been a company driver for 6 years. Tanker all these years. Last three, I hauled gas locally.
    My house and land paid, kid is gone to college.
    I mad aprox 80k/year working Mon-Fry , 5 AM- 15:00.
    I quit. I couldn’t stand the fact that I would have to work 2 more years to get 3 weeks vacation.
    Went and bought a 99 FDL with a 60 Series Detroit in it. Rebuilt by Pittsburg Power 300k back.
    Spent another 7K just to make sure it is all good, the engine is a true 99, means paper logs.
    Shopping now for a dry van.
    I am buying all cash, I had saved some money.
    Insurance is kinda high, but I will still have money on the side to pay in case the start of the business is rough in the beginning.
    Question: Did I do it right?
    I sure hope .
    Thank you

    • @SmartTrucking
      @SmartTrucking  Před 3 lety +4

      Sounds to me like you did do it right! Congratulations! Stay safe and good job!

  • @grege5074
    @grege5074 Před 3 lety +6

    we have a big seasonality in our business so some of our OOs just say "the month of Feb, take me off the dispatch board" they rebuild their engines, so when they come back for March - January they're rarely down. The essentially drive new trucks every year

  • @JuneBugginTrucking
    @JuneBugginTrucking Před 3 lety +12

    Your videos are on point. I’ve been following you ever since I was in school and now I’m about 9 months in driving and I still watch your videos. Good stuff.

  • @hughjass1044
    @hughjass1044 Před 3 lety +17

    Great video, great advice! Thanks Dave!
    Everyone should listen and seek out advice from several O/Os before taking the plunge. Best part was explaining how being an O/O is the same as being a small business owner. TRUTH!!
    Once you cross over, everything you once took for granted that somebody in the company would look after or do for you, you now have to do for yourself.... and PAY for yourself!!

  • @johnfalzone4386
    @johnfalzone4386 Před 3 lety +33

    Regarding the oil disposal, you can take used oil to any major chain auto parts store free of charge (up to 5 gallons). Another option is to take the oil to a shop that utilizes used oil to heat the shop. They are happy to accept used oil because when the barrel runs dry, they must heat with a money costing source.

    • @behroozkhaleghirad
      @behroozkhaleghirad Před 3 lety

      How can a furnace or a heater burn used oil and not be polluting as hell? Is that legal? I'm not from NA that's why I ask

    • @ktanner11
      @ktanner11 Před 3 lety +2

      @@behroozkhaleghirad its on ail drip at extreme temperatures. Completely legal and green.

    • @SmartTrucking
      @SmartTrucking  Před 3 lety +3

      Good info John, thanks! Up here where I live they're trying to make burning used oil for heat illegal. Everyone here is worried because the alternatives are so much more expensive.

    • @bigjohn6475
      @bigjohn6475 Před 3 lety +1

      @@SmartTrucking I live in the states, and here, Walmart will take up to 5 gallons of used motor oil/trans fluid a day for free. I'm not sure if that's only at stores that have auto repair shops, or not, but the store I go to has a repair shop and I've never had a problem. They use to take used tires too for 90 cents each. I got rid of about 2 dozen, some car tires and some truck tires... it didn't matter, all the same price. I'm not sure of they still take the tires, but I know they take the oil.
      Off topic, but Best Buy takes televisions for free here too. Most places charge about $25-30 bucks to dispose of a TV.

    • @timothykeith1367
      @timothykeith1367 Před 3 lety

      Used oil is used a fuel in shop heaters or to heat a home. Its not difficult to find someone who will pay you a little to take it. Some filter the oil and use it to make "black diesel" in an older diesel like a 6BT - I wouldn't use it in my truck, but lots of folks do.

  • @stevestar657
    @stevestar657 Před 3 lety +11

    All great points and I know first hand how the effects of being home but not being in the home mindset can affect your marriage. The truck always came first - it had to as maintenance at home is always cheaper than broke down on the road. I was lucky in the fact that my wife is a CPA - money management was never a problem for us and money was always set aside for taxes etc. What I would tell any new O/O is to have no less than 15K cash in the bank and if you have a credit card, make it your last form of payment. Too many new O/O's get bogged down with payments that they can barely afford and it only takes one breakdown or event to put them into bankruptcy. Smart planning still wins the day!

  • @rigrocker2957
    @rigrocker2957 Před 3 lety +14

    Great vids as always. If you start out with 10000 in a "oh sh$t fund" and 10000 on a credit card and in a year those two funds still have that amount. I whould say your on the right path. Take care to all. Godspeed

  • @ItsaRomethingeveryday
    @ItsaRomethingeveryday Před 3 lety +5

    Found your channel earlier today and watched three of your vids, much respect, closest I ever came to be a driver was when I would go with my Dad when he was taking Winnebagos all over the country deliverying them and we would drive our tow car back, it was a lot of fun, but also alot of hours driving

  • @derekvandyke5132
    @derekvandyke5132 Před 3 lety +3

    Thats 1 positive about living on a farm we have our own shop with all tools needed to do anything as well as 200 gallons out back of new diesel motor oil and a used oil tank that gets emptied every so often, going to save me money when I do get my cdl

  • @stevedomingue7647
    @stevedomingue7647 Před 3 lety +1

    Thank you for making this video I started my owner/operator trucking business just about 4yrs ago and have lots of guys my age and younger just starting in the industry coming to me for advice and a lot of what you spoke of in this video is absolutely true as I figured out the hard way

  • @JASONHJEFFERSON
    @JASONHJEFFERSON Před 3 lety +50

    i actually have my own shop i built with a pit and a 25t overhead hoist and i burn used oil in my furnace

    • @behroozkhaleghirad
      @behroozkhaleghirad Před 3 lety +3

      Hi what kind of furnace is that? To heat the shop? It should be very polluting how is that legal? Sry I'm not from NA

    • @wez123123123
      @wez123123123 Před 3 lety

      Atta boy Jason - get her done !

    • @elconradical
      @elconradical Před 3 lety +7

      @@behroozkhaleghirad Actually they're very efficient and clean once up to temp, just look up waste oil heaters here on YT.

    • @SmartTrucking
      @SmartTrucking  Před 3 lety +5

      Man, nice! I wish I could have done that!

    • @JASONHJEFFERSON
      @JASONHJEFFERSON Před 3 lety +3

      @@SmartTrucking me and my father built it i run his old truck i can still do everything on the old fld myself i do want a new one but i know little about the new electronics

  • @denisivanov2801
    @denisivanov2801 Před 3 lety +4

    Thank you for telling the truth! Straight to the point.

  • @brotherskeeper2253
    @brotherskeeper2253 Před 3 lety +9

    Wise words and tactics from the noble and esteemed elder.. Take heed..

  • @williamcarey8529
    @williamcarey8529 Před 3 lety +4

    Another great video and instruction guide, keep up the great work!! One comment I would like to make is about penny-pinching on maintenance. Penny-pinching on maintenance will always cost you double, triple or worse!! I am glad in one way that the electronic logs have done a number of these back alley companies in for good!! It is a waste of time to work for an owner-operators that just bought a few trucks and put them out on the road and ripped the drivers off!!

  • @CrackCrackCracker
    @CrackCrackCracker Před 3 lety +6

    Keep in mind everyone being an owner operator does not mean over the road. You can be an owner operator as a local dump truck driver or what have you. If you want to be your own boss and have your own truck to see what will work best for you and how you want to go about it.

    • @kevthesage5747
      @kevthesage5747 Před 3 lety +1

      It seems like being an owner operator locally is the best way to go my pops is an owner operator works about 10 hours and makes a lot of money

  • @whiteliontransportation5516

    Thanks for all the advice and information you put out there for the O/O I just finished my first year as an O/O and I follow your information videos and guess what it’s working thanks for being so honest about it all. !!

  • @tomboy1875
    @tomboy1875 Před 3 lety +8

    Don’t get it twisted owning a truck can be expensive as hell and a headache. I’ve worked for my mom and dads logging business for about 4 years now and I’ve seen alota trucks come and go and I can tell you we’ve bought more than a few that needed new transmissions or engines and ALOT of work that just wasn’t on the surface when we bought them. Maintenance is also key the truck I’m driving now a deleted 2008 Columbia with a series 60 detriot just had to be overhauled with a rebuilt engine, brakes, suspension, fifth wheel, tires the whole nine yards and it was about 20-30 grand when all said and done with a little over half a million miles on er. Truck was on its third head gasket over three years being 10 grand to fix every time. If you can find a truck that’ll work for you problem free (for the most part) for about two years you can get a good head start but if not it’s hard not to go in the hole from what I seen.

  • @dayonebullzkennel
    @dayonebullzkennel Před 3 lety +6

    Thanks for the videos . Keep them coming ...

  • @reneramirez2546
    @reneramirez2546 Před 3 lety +2

    Finally some decent and honest advice.

  • @blast-it-x2398
    @blast-it-x2398 Před 3 lety

    Great video. All reasons why I have never bought a truck. Company driver 30yrs. Now on salary. Wife and I team drive 14yrs and still love it!

  • @davea8814
    @davea8814 Před 3 lety +6

    There tons of accounting companies that do a great job. $1200 a year and they get every receipt from your business card automatically. That’s not a big hassle.

  • @BigTruck-IE-Fool
    @BigTruck-IE-Fool Před 2 lety

    Just getting ready to go to CDL school in SoCal. I’m watching your videos for insight. Thanks for posting

  • @robertltannerjr9017
    @robertltannerjr9017 Před 2 lety

    Thanks for the video !
    For what it's worth, I'v been driving for 38 years now and have always been a company driver, and have thought many many
    Times of becoming an O/O but never made the leap, but in 1988 was when in was the most serious about , but desided not too, cause where things I just didn't know about, (I had to many questions, that needed answered) and forward 35 years, I'm amazed the things I didn't known, and the things I'm still leaning.

  • @koloboks79
    @koloboks79 Před 3 lety

    Thank you for the tips on becoming a new o/o.

  • @canadian_wolf8395
    @canadian_wolf8395 Před 3 lety

    That’s the advantage of having your own shop. On our shop we have an oil tank at the back and you can dump all your used oil or deisel out of your old fuel filters or any flammable liquid and in the winter we have a burner that burns all of it and turns it into heat

  • @JasonVladimir
    @JasonVladimir Před 3 lety

    Some great advice as always, thanks for sharing!

  • @Agislife1960
    @Agislife1960 Před 3 lety +1

    In Alaska during the 90's, I worked for three owner operators that all went together and leased a shop for their trucks. They had a waste oil furnace, which is where the oil went from the oil changes.

  • @peters1927
    @peters1927 Před 3 lety

    As soon I saw this video on tube I begun watching it and like it from the start before viewing it, because I know it will be good without doubt. Dave good people; helped me a lot with his advises when I went on my first solo trip.

  • @pedroramos2755
    @pedroramos2755 Před 5 měsíci

    Excellent advise thank you so much

  • @Iris_Collins
    @Iris_Collins Před 3 lety +1

    I had that exact thing happen with my website; it went Poof out of the blue, and I needed a new one asap. Talked to the provider for the old one and got what I think is a good two year deal. If I didn't have the funds on hand at the time I'd have had a big problem.

  • @sharonporter9350
    @sharonporter9350 Před 3 lety

    Great info. The verbiage you used I would hear my father say that had 40 years on the road. :) Most sound advice I have heard on social media. I am owner operator with Virtual Asst helping my husband and I because its a lot to drive and work on the paperwork after coming off the road. I scan in the receipts or have my son help me, the VA do spreadsheets to prepare for our CPA.

  • @diyoverhauler5432
    @diyoverhauler5432 Před 3 lety +2

    Cool video. Im not a trucker but I do local deliveries in and around my city. This might be something I'll invest in in the near future.

  • @guerrero14100
    @guerrero14100 Před 3 lety

    Thanks 😊 you for the information,💪🏾👍🚛

  • @markusuebel2624
    @markusuebel2624 Před 3 lety +1

    you got the main point: time, everything takes time and in that time you cant do other things.

  • @patrickmorrison6253
    @patrickmorrison6253 Před 3 lety

    all the advice is your 100 per cent right all the way im 56 years old i got my cdl class A and you the man to lisen to

  • @matthewjessemitchell1993
    @matthewjessemitchell1993 Před 3 lety +1

    My goal is to own my own truck, one or two for one of my sons. Tired of others deciding my future. Thanks for all your advice and thoughts on it.

  • @michaelbierlein5642
    @michaelbierlein5642 Před 3 lety +1

    Great video, thanks Dave for sharing good information. I trust the information you share more than others. Keep up the good work. I’m looking to start being an OO in a year or so when hopefully rates improve.

  • @elmentado-yu3fd
    @elmentado-yu3fd Před 3 lety

    Thanks dave. Honestly your wise words really helped me a lot

  • @sefrosa5093
    @sefrosa5093 Před 3 lety +1

    Speaking all truth. 👍🏼

  • @marcusbuckner5582
    @marcusbuckner5582 Před rokem

    I was an owner-operator in HVAC/ELEC for 25 years…..the rewards are innumerable but, it takes balance with family.
    So many hats to wear when you’re the O/O…..thanks!!!

  • @rustyshackleford5060
    @rustyshackleford5060 Před 3 lety +2

    Keep up the good work!

  • @brocluno01
    @brocluno01 Před 3 lety +1

    Been there, dun that ... We used to figure that the load paid 3/3's. 1/3 for the driver, 1/3 for fuel and insurance, and 1/3 for the truck. Usually worked out OK as long as you didn't scatter a gear box or something ...

  • @REALTIME61
    @REALTIME61 Před 3 lety +2

    REALLY LIKE YOUR VIDEOS MAN
    IT'S GETTING HARDER AND HARDER FOR A MAN TO MAKE A LIVING NOW WITH A TRK
    I HAVE BEEN AT IT 16 YEARS NOW
    REALLY GETS IN YOUR BLOOD DOESN'T IT

  • @JohnnyJPatt
    @JohnnyJPatt Před 3 lety

    Your videos have been helping me weigh the cost of being an owner operator and how exactly to proceed. I’m not even going to consider it unless I save to buy a new truck paid for in cash. With an emergency fund in place

  • @jmsr4582
    @jmsr4582 Před 3 lety

    Thanks for the info!!💯

  • @rafaelalvarez4846
    @rafaelalvarez4846 Před 3 lety +1

    I'm glad someone tells the true nobody wants to hear. I'm deciding whether I buy my own truck or keep working for a company and enjoy better my family. Thanks good going.

    • @ImportedFromSerbia
      @ImportedFromSerbia Před 2 lety

      working for other(s) is ok, but you will never have freedom as a wise o/o. don't listen much or focus on people who failed or have a difficulties running trucking business. no one of us are the same. set your goal, be confidence and wish luck to yourself.

  • @gearjmr
    @gearjmr Před 3 lety

    Straight talk. All true.

  • @515051506969
    @515051506969 Před rokem

    Great video brother

  • @bernarddembowski3946
    @bernarddembowski3946 Před 3 lety +47

    Being a true legit owner operator = owning base plate,owning the truck not leasing it, doing all paperwork with such business, keeping up with money management, keeping up with maintenance, keeping up with safety items insurance ,inspections ,keeping up with trailer expenses as well as truck , knowing what your cpm is on breakeven ,cpm for maintenance, cpm for fuel costs, there's much more to it that oh I'm an owner operator and you are just leasing the equipment from a company calling you a oo , by the way how much money are you putting away for TAXES!? You must pay your share also says the government, backside of health insurance, unemployment taxes,federal taxes ,state taxes , local taxes, if you say oh the company does that for you you say?? Then you are not a owner operator just a wannabe lease driver in my opion , nothing wrong with that but I don't see any benefits other than a early grave , divorce, child support and alimony payments , if you say I don't know what I'm talking about your wrong 32 yrs 3 million miles under my belt 2 divorces o kids o alimony , and being oo is a early grave for most . Good luck with the retards out there driving !

    • @edwardbell3911
      @edwardbell3911 Před 3 lety +1

      Sorry I have to say 😃 u right

    • @annv7485
      @annv7485 Před 3 lety +5

      So true. There is a lot to keep up with. I was a lease operator leading under my company at 1st kept up with all of that but made sure there was a load board to choose my loads from instead of dispatched on loads going where I didn't want to go and loads that paid less than my cost per mile/per day. When the market tanked earlier this year had to make a change but by keeping up i knew within 2 weeks. Now lease from loan mountain and am changing companies cause freight where I was still isn't good. Again it was keeping up with the numbers that showed me it was time. Can be profitable in the game but you need to know your numbers

    • @JASONHJEFFERSON
      @JASONHJEFFERSON Před 3 lety +6

      i dont really use cpm i use revenue per day and i know how much revenue i need to make to break even but i have paid for equipment yes its old but i have mechanical knowledge to repair and rebuild my equipment i think every owner operator should have some mechanical knowledge bc anytime you can save that 100 dollar an hour labor charge is money saved

    • @sonofatlas1372
      @sonofatlas1372 Před 3 lety +2

      You’re right absolutely

    • @REALTIME61
      @REALTIME61 Před 3 lety +1

      YOU KNOW WHAT YOU ARE TALKING ABOUT BROTHER

  • @AncientPharaoh
    @AncientPharaoh Před 3 lety

    Best way to dispose used oil is to take to the nearest machanic around you. Most of them use the used oil as heat in the winter or they do resell to the recycle factory. Remember, conventional oil when you’re getting oil change is that recycled oil.

  • @haynes1776
    @haynes1776 Před 3 lety +2

    Thank you for the advice. Right now I'm working on getting my cdl and hopefully start driving next year. I like to be a owner operator someday but I am gonna start as a company driver and learn how to keep all my expensives recorded for tax time and stay as a company driver for as long as it takes, then consider buying my own truck. I expect to fail and have setbacks, but I will learn from them and improve. Wish me luck.

    • @SmartTrucking
      @SmartTrucking  Před 3 lety +1

      Best of luck!

    • @ImportedFromSerbia
      @ImportedFromSerbia Před 2 lety

      get a credit card that you use only, and purposely for trucking business. it will save you a lot of time. Today's card, online, sort out all expenses per items for you, listed and/or graphics.

  • @ronaldwjackson1
    @ronaldwjackson1 Před 3 lety

    Damn this is good video and true!!

  • @alone28y1
    @alone28y1 Před 3 lety

    I have been in different businesses from restaurant to gas stations fast food and now trucking smart money management applied to every business because all the businesses have unseen risks and have ups and downs.

  • @benabraham9995
    @benabraham9995 Před 3 lety

    Thank you!

  • @darylwirth9423
    @darylwirth9423 Před 3 lety

    I have a great mechanic. Drop it of Friday night and pick it up on Sunday. Serviced and ready to go.

  • @joh1627
    @joh1627 Před 3 lety +1

    Some great knowledge for guys like me who are thinking about buying a truck. Thanks Dave.👍

  • @michaelmarburger1003
    @michaelmarburger1003 Před 3 lety +3

    My dad told me that there is nothing better in trucking than to be an owner/operator, and there’s nothing worse in trucking than being an owner/operator

    • @SmartTrucking
      @SmartTrucking  Před 3 lety

      I think he nailed it!! Wise man! Listen to him!

  • @TNTN1977
    @TNTN1977 Před 3 lety +1

    Excellent info

  • @attractionp.1185
    @attractionp.1185 Před 2 lety

    Thank you 🙏!!!

  • @richardbearden7889
    @richardbearden7889 Před 3 lety

    Thank you sir.

  • @jeremyrhoades2535
    @jeremyrhoades2535 Před 3 lety

    Thank you so much for this. I was considering leasing the truck I’m currently driving. There was a lot of stuff You mentioned that never would’ve crossed my mind in 1 million years. To answer that last question of yours I’m not that kind of person. I would’ve been making a big mistake. I’m a good driver but that would have put me under. After watching your video I decided that I will never buy my own truck thank you.

  • @bukovinian
    @bukovinian Před 3 lety

    Good job on your video progress 👍

    • @SmartTrucking
      @SmartTrucking  Před 3 lety

      It's always a work in progress as we try to get better at this stuff. Thanks for commenting!

  • @kron2009
    @kron2009 Před 3 lety +9

    Thank you for keeping it real, from a new Leased Owner Operator....

  • @pakistan1103
    @pakistan1103 Před rokem

    Its definitely makes sense

  • @truckingwithtobee
    @truckingwithtobee Před 2 lety

    We change our oil all the time ourselves. And we dispose of the oil free of charge at Walmart.The issue were having down here in the states this last weekend we literally had to drive all over Vegas all day long just to find enough oil to do our oil change. Something is up with the diesel oil down here in the states. From everybody that we spoke to even the shops were out.

  • @johnnyk682
    @johnnyk682 Před 3 lety

    I agree more than 500% about maintenance, 100 times repeating maintenance is not enough. PDI is one of the most most important key too success. no runs no money as simple as that.

  • @chrise3801
    @chrise3801 Před 3 lety +4

    Finding any company that pays a living wage to an owner operator is becoming harder and harder in Canada

  • @sergioreyes3527
    @sergioreyes3527 Před 3 lety

    Nice video.

  • @AkashPatel-hi1rm
    @AkashPatel-hi1rm Před 3 lety

    Ur on point to point on all ur five points and top on u my friend are about facts amazing. I just have to say I like being company driver and don’t want to be owner operator I just like to make enough to pay of family bills and enough to save somewhat money end of month.

  • @natashatrucking
    @natashatrucking Před 3 lety

    Good video good info👍

  • @justinryan3508
    @justinryan3508 Před 3 lety +5

    Hey good video, I definitely agree with everything you talked about. I was a owner operator for 6 years and sold my truck about 2 months ago it really just got to be more of a headache then it was worth. Now I'm a company driver paid by the hour hauling locally, and it's working out better, get to pocket money. Only thing I miss is not being able to drive a pre emission big hood truck or being able to customize my truck, now that I drive a company truck.

  • @augustineramospodcast5021

    That's what goes through my head when a co-worker of mine talks about being an owner operator like it's a walk in the park. I'm A-Okay with driving for my company I don't want that head ache!

  • @aemt4u
    @aemt4u Před 3 lety +1

    Here in the states the places that sell you oil are required to take you're used oil

  • @515051506969
    @515051506969 Před rokem

    A. You can change your own oil B. They have drive through places just like 4 wheelers have I can get and oil change in 30 minutes and gone 10-4 but yes sir you are right it is a very big responsibility

  • @aaronwhite819
    @aaronwhite819 Před 3 lety +6

    Man its tough! I am a newbie O/O and really it is harder than I was imagining! I guess I had some bad luck also cause I had some breakdowns in the beginning. But there is no giving up. I believe that it will pay off at some point, I guess we just need to keep pushing to the limits and hoping for the best lol

    • @draymondwest2300
      @draymondwest2300 Před 3 lety

      What breakdown did you have? Back then when I started my turbo was messed up very quickly sheeeesh. Thats what you calling a bad luck lol. Everything will come to its place bro just keep moving

    • @ImportedFromSerbia
      @ImportedFromSerbia Před 2 lety

      every beginning is not easy and smooth by any way. your goal will be paid off later.

    • @Jagado
      @Jagado Před 2 lety

      @@draymondwest2300 you got an Instagram or something bro I need someone who know what they talking about

  • @sbrazenor2
    @sbrazenor2 Před 3 lety +2

    I have a degree in Business with a concentration in Finance, and have been a logistics operations manager, and I'd rather just be a company driver. I've been at a great place for years, which is still expanding, where I've got an easy regional job and get home every day - with regular weekends. When the truck breaks down, I move into another one in the fleet, and keep rolling.
    People talk about the 'freedom' of owner operating, but it's also indentured servitude if you're not able to buy your equipment with cash and maintain a healthy reserve.

    • @timothykeith1367
      @timothykeith1367 Před 3 lety

      I have a similar degree. Keep your eye out for good truck with maintenance history. I think you could find a truck that you can buy with cash that won't bankrupt you with unexpected repairs. Running around for six months chasing rabbit holes is tiresome. I hear many stories of the trucker who jumped in the O/O thinking they'd be able to manage the cash flow and failed within six months, but that's almost expected to happen when you aren't diligent, and sometimes when you think you did everything right. I agree that moving from a good scenario like you now have isn't often wise.
      If you are mechanically inclined and have a big back yard where working on the truck is permitted, given your daily home time you could by a truck and rebuild it. Most company drivers don't have enough home time to take on that kind of project.

  • @blackwolves6925
    @blackwolves6925 Před 3 lety

    Thank you

  • @poppadappaable
    @poppadappaable Před 3 lety +1

    Well Said👌🏻

  • @Capitanvolume
    @Capitanvolume Před 3 lety

    I worked for small trucking outfit and we had a small shop on the property that the owner lived on. We did all our own work and we were doing really well, but that's not possible for most guys. You need to be a mechanic to make good money being an o/o.

  • @terrysmith7229
    @terrysmith7229 Před rokem

    Hey Dave , I've been driving for 25 years. I'm 58 and am thinking of becoming an owner operator. I like the company I work for but have always wanted to be on my own. I value your opinion from listening to your experience.

  • @LavenderSystem69
    @LavenderSystem69 Před 3 lety +2

    You know, I had intended to buy myself a truck and go O/O when I got out of the Army. This video literally just convinced me to leave the headache of ownership alone and go back to being a company driver when I ETS...

    • @wormwoodfive398
      @wormwoodfive398 Před 3 lety +1

      Buying 2nd truck next week ... best thing I've done since USMC

    • @wormwoodfive398
      @wormwoodfive398 Před 3 lety

      O & nothing wrong with being a company driver (not too many people start off (and survive) at the top (owning and running and working a company)

  • @rickgregoire9041
    @rickgregoire9041 Před 3 lety +3

    I spent 10 of my 26 years of driving as an o/o and found the points you made accurate.I don't know if your Canadian or not but here when your leased on to a company,your considered by revenue Canada as an interliner.That means that you do not collect HST on your loads,the company does.If you are PRP licensed ,you can claim HST on all costs of operating your business.I left the o/o scene in 2008 and went back to company driver to finish my career off with the gov. still owing me $45,000 in HST.They were wondering why I didn't collect HST on all my loads.Even after I told them it was against their own law for me to do so ,they still want me to pay hst that they had already collected.The legal costs of defending my position were prohibitive,so back to company driver for me.Their are many rewards and pitfalls in becoming an O/O ,so do some research before diving in.

    • @SmartTrucking
      @SmartTrucking  Před 3 lety +2

      Friggin gov't! Can't run a business let alone a country! But look who they've got running it, Mr Dress Up!

  • @armandorey557
    @armandorey557 Před 2 lety

    No way jose!!!!!
    I like to sleep in peace...
    But your information was very productive, very interesting...
    As always, you're a start...
    Thanks

  • @mrcrowleyoz
    @mrcrowleyoz Před 3 lety

    That’s a hell of a tan at 1:50

  • @anthony2002able
    @anthony2002able Před 3 lety

    So backyard oil changes if your local area runs off oil heat there is a chance that they will have a used oil tank there that you can take your stuff to and dispose of it. There are oil heaters that can burn it.

  • @jhance11
    @jhance11 Před 3 lety

    As a newbie, that seems pretty daunting, especially if fuel cost go up. Think I'll stick as a company driver

  • @tashiseath1867
    @tashiseath1867 Před 3 lety

    I change my oil at home all the time I use the oil for other things like chainsaw bar oil

  • @karlbaker1943
    @karlbaker1943 Před 3 lety

    Oil recyclers will pick the oil up for a flat fee under 50 dollars. Old barrels with a cheap containment surround work. Oil is way cheaper from NAPA, filters can be drained and taken to recycle.

  • @jasmineduran6731
    @jasmineduran6731 Před 3 lety

    I never thought about all that. 😯🤔

  • @trevorfillmore698
    @trevorfillmore698 Před 3 lety +1

    Question for you I brought up in one of your live streams that I switched from being a driver to working for the province and plow in the winter and you said you were thinking about plowing this winter. I took a one week snow fighter course before I started if you do will you take some videos of the course I wish I would have.