How I GREW My Business to 3 Trucks FAST (Numbers Revealed)
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- Äas pĆidĂĄn 21. 08. 2024
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ABOUT ME:
Whatâs up yâall? Iâm David McGill, a 2007 graduate of Indiana Universityâs Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From ScratchÂźïž to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
My NEW channel / @1davidmcgill
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DISCLAIMER:
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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đ Get your Mind Your Trucking Business T-Shirt: truckingfromscratch.myshopify.com
After 20yrs trucking and working for other people. After watching your videos. You motivated me. I bought my own truck and own authority. And doing good. God bless you my brother.
Iâm so happy for you. Iâm nervous to start, but I want to do this
@@amberyoung5192 Don't let fear stop you
wow. Thats a good story man
sir if you don't mind i would like to ask you a question? how much did you bought the truck and what type of truck should i buy? (specific name of the truck...) thanks in advance.
@@yosefasmare7931
2014 Volvo vnl 670 for $29,000
The truck just depends on what kinda work you plan on doing( long haul or short haul). And what you personally like.
I like Volvos and Freightliners .
Protect this man at all costs lol
Real talk! This guy is a đ
Absolutely!
Yup Iâm wit whatever đđż
I need a driver .guaranteeing 1500$ week
I got em brođȘđŸ
Thanks a lot Brother.. Youâre the first I saw thatâs actually giving away the game for free. God Bless
Man I learn so much from you bro đ you gonna be a billionaire
Some of yâall arenât listening. Kudos to turn ones that understands. Great video
Dont really see videos like this where people are genuinely trying to help, appreciate the insight and this has been a huge help !
Good job bro Iâm on my 9th truck and growing
Dam!! Iâm so nervous about starting a trucking business.. So used to working for someone.. Just bought a house and just donât want to let the family down.. Truly proud of all of you guys/gals.. Just donât know what to do. Hit me back if need be. Marcus.michael@ymail.com
@@MikeyM1422 where you from
I salute you and wish you nothing but success man I love hearing someone say they did that man
@@harrya1994 do you have any info that can help with me starting Iâm in school for cdl but after a year or so start my own. Or start right out the gate. Iâm young and have time
Can I pick your brain
Your the goat... Im studying your whole page.... And your black? Yeah im fw you heavy đŻ.... Us brothers need share knowlege like this đŻđŻđŻđŻ im 19. By time im 25 i want my own logistics company n with you ik i can... Thank you.
u wrong ronaldo is the goat
@@miguelsardia5935 who is ronaldo exactly?
@@Shikie_M Dude really you dont know whoÂŽs the person with most followers on instagram ?
@@miguelsardia5935 I donât... whatâs his, ig? And who is he... a trucker?
@@Shikie_M do u know whatÂŽs internet ?
Iâm in trucking school right now lord this pre trip for me is kicking my dam ass Iâm trying to name all these parts from the front!! I just click on to my CZcams and saw you and Iâm so inspired!! I was about to quit today but thanks to couple people who really in courage me I was crying like a dam baby lol itâs my second day in a truck please pray for me ! Am trying to buy couple trucks one day ! Thank you sir Iâm a subscriber right away
lol did you get it? I got mine a month ago im 21 lol
I failed my cdl on that damn pre trip twice lol. Keep at it.
How long have you been driving @San Ric
Bro I've watched most of your videos and u have yet to give me bad game! Blessings my brother to you and your family!
4.3... đđđThat's how I know, you know, what it is that you know. Good to see you back dropping gems.
I didnât get that part explain please
TRUCKING FROM SCRATCH
Check out my tools + resources designed to help your business succeed:
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I need a hand with starting my dump truck company.
Love you man!!!!!!!! You're the best đ
Who is your insurance providerâ how were you able to get insurance for only $1,500/monthâ how much was your down paymentâ
Starting new truck business... I need help with getting drivers for two trucks.
Hello Iâm looking to start a Owner/Driver I just Purchase the LLC that starts for the new year of 2021, I was wondering if I can get more information that you may have no one to help me go towards the right direction. I have been watching several of your videos just now I am in Florida
Itâs time to get our own corporations in all levels
Decent breakdown at first glance but you're missing maintenance, parking, ifta , plates , and tolls ( if applicable) you really need to get that 750 up to 1000 a day that profit margin is way too thin.
Maintenance comes from profit (savings)
Parking? Only when in my garage
IFTA? Pays me quarterly (plus fuel is write off)
Plates & tolls = 100% write off (if tolls are in the lane)
... my savings is thicker than my wallet & I ride with pride
Itâs cool keep helping and motivating people
Always great content. Something that always blew past me is the 4.3 weeks in a month, love the accuracy.
This is incredible information with no fluff, thanks for providing this great content.
You a young đ bro may God continue to bless you.
I enjoy your clean, no frills videos. Too many people make long winded, fluff filled videos and take 20 minutes to say nothing. Keep up the excellent work!
Networking is key and talking to other drivers
Seems like the market is wide open, towards the end of the video I thought to myself this guy mustâve been so far out when he started this whole operation, then I realized you posted a day ago, extremely inspiring, canât wait to get it started!
Love how you stay on point and break down the numbers. Keep up the great work. Keep these videos coming.
ok ok!!! Go get it then! I got off the road Jan 2021 now its out there tho... you HAVE to be motivated and dedicated to move up the scale to 3 truckkkkkkssssss!! so im super proud of you and I dont know you lol (I found you looking about tax info)
Great information, specially with the numbers. Not many guys show their actual profits. This makes me more easy into buying my first truck, and how to scale up.
You save me a lot of time my mentor I never met by watching your videos you showed me the business side of it. So now when I go after my own authority I will be ready. I got the white board set up in my room look at everyday. I'm also running a simulation off dat the demo version pulling loads off their. Running them as if I was running it fr
You are wonderful
THANK YOU FOR YOUR PROGNOSIS AND INNOVISION . ITS NICE TO KNOW THAT HARD WORK DOES PAY OFF HARD WORK DOES EXCELL
At this point I need Gerards number,I want a 13k truck...FR Great videođŻđŻ
Thanks for passing the knowledge out for future truck business owners like myself.đŻâđŸ
My dude, your vids are hella helpful. I was an artist but starting my trucking company now to get rich. Appreciate your info đ„
Your drive in this industry is like none other. Keep up the hard work man! So much info but at the same time we get to hear your story đ
God bless you and your business. Thank you so much
I been thru like 8 people already and I quit them I think I have to get my own truck why own operator always try to play people I work hard I never show up late and do what I got to do but after a week or two they show there colours lord I pray I get my own one day so I don't got to deal with this bs from company and own operator brother god bless you David you is what the trucking industry needs
Could you possibly do a video going into further detail on your expenses in this scenario? Taxes, permits, tolls, etc?
Thank you for all this info.
Great start. You covered some of those insurance and authority w that 3-6k per month. That maintenance is the wild card here, congratulations and thank you for sharing!!!
Man that insurance It takes a big chunk Thanks for all of your content I'm looking to start a dump truck business Just got my 1st truck Glad I found this channel
Just started my llc here in Los Angeles Queen Of The Road Trucking
Good to have you back.
Thank you David. Your videos are inspiring. Will you do some videos on your bookkeeping tips? Do you use Quickbooks?
Oh my goodness!!.??this stuff is reenergizing my whole thought process!
Thanks again for another awesome video!!!
Super helpful video!!!
This is awesome!! I love to see young brothers like this out here doing their thang! đđŸđđŸđđŸ
Thank you on the free game Iâm a 25 year old looking to start my trucking company the start of 2021. Your videos are giving me hella game and I appreciate it frfr đŻ
I like how you invested your money as well as paid your drivers there worth so they would want too work for you. You decided too use the profit strictly for your company too grow it.
I'm trying to get into trucking business but I wish I knew about it long before because Daycab trucks are very expensive now. They cost between $40k to $73k now. It's crazy. Any cheaper way to get it?
David we missed you my brother... Great information and great videos explained.
God bless you brother keep up the good work thanks for sharing.
Thanks bro, nobody shares such information, itâs very helpful.
you are a trucking guru đđ»
Man has a plan but God has a Wonderful Destiny to help others ultimately!!!! Wonderful brother your a Blessing to others So God can Bless you đ
Youâre an inspiration. Thank you đđœ
David!! Love the content. Quick question. Was the insurance $1500 a month for each truck? Or were you able to lump them together for a cheaper rate? Who did you use for your insurance as a new authority?
we use progressive bobtail is 600.00 month thru st george and 50.00 a month for bobtail each truck thru progressive
Hi David, great videos!
Curious as to how reliable a $13,000 used day cab truck is going to be? What year are these trucks you're buying and how many breakdowns are you dealing with? What are your repair bills like?
Day cabs are usually more reliable than sleeper trucks due to less mileage and less wear and tear
I was actually wondering the same thing! that seems very cheap for a truck compared to the prices I've seen. David can you please elaborate more on the breakdown of the truck cost, and where you got it?
Please donât stop giving us these gems and jewels bro...
Where do you park all your trucks?? And how often to you do preventative maintenance?
We all star somewhere bro, I start of with 4 tractors and 4 trailer, good used trucks 2 years old, low mileage it cost me total of $480k, I dropped the bag all cash no finance... I now have 8 trucks.
How long it took you to settle? I am very new to this business and planning to start with 1 truck. Which model trucks do u own and approximate price for a 2yr old one?
I love it. Job well done and may God bless you but helping people!
How much reserve cash did you have in the bank after throwing your profit on another truck? Did you finance or pay cash for next truck?
I am waiting for the answer to those questions also.
Man I just need to borrow a little bit of your luck. You are blessed
I just stumbled across this video and it is very informative BUT as a current owner of a small fleet- it is VERY HARD to stay in business only grossing $225-$275 per day. For that, you might as well get a few cars and put them to drive for Uber. Taking big financial responsibility, risk, and liability is not worth that amount per day. Not to mention, what if something goes wrong with the truck? You mentioned you have a $6,000 repair bill, how long do you have to run trucks to cover that? Even something small, which generally is over $1,000 on a truck, is a big hit when it takes a full week of work to make that amount. Please dont work for cheap. And $700 on 400 miles? Thats not good. Anyway, keep up the good work, and always aim for $2.50/mi (especially now - thats easy) . Get some drivers that are willing to go OTR and get a sleeper as well - day cabs limit you to what you can do. Just my 2 cents
I feel everything youâre saying. I agree $750 on 400 miles isnât anything to write home about. My plan was to keep my truck parked while my authority aged for something else I was shooting for. I only put it to work before then bc I met a driver who wanted to work. Covering the $6k took a little over a month. I understood all the financial risks with starting a trucking business & I accepted all of them. We eventually did a lot of slip-seating day runs and put 2 sleepers OTR. Only so much info can be shared in a video though. I appreciate your input.
Gotta start somewhere; and all drivers take a hit. Not a driver out there that hasnât done a broker a favor for less just to keep the business. What Iâve noticed over the years is to take what people say lightly until you see some actual black and white figures. Yâall keep thuggin it out
Gotta start somewhereâŒïž its called crawl before you walk... its not about how much u make its about its about good decision making... in the trucking industry things will happen repairs are needed but it doesnt rain everyday...
@@popmyshit7662 thatâs true, but if youâve used you truckers intelligence youâd notice in coming from the perspective that youâre already walking sir lol smh hahahahaha
@@ROLLIN-DUB i can dig that... my trucker intelligence heard him say his plan was to let the truck sit but bullshittin around he just started moving frieight... its a start... in any business the newbies always get the bs freight until more things & knowledge come about... nothing u said was wrong đ bro
Great job, I purchased two trucks, the drivers were my problems, my over head was higher and the drivers were pai 1200 a week. I carried notes own both trucks the accounts were not large enuff to operate the way I wanted, my take home was around 300.00 a week and I had to stop working my job to get this done right bad decision being my gross was after everybody being paid is 300 to myself. But good job.
Owning a business is tough. Many beginning businesses fail within the first year (I'm told). Congratulations on your success.
Glad I came across this video, planning on buying a day cab and trailer soon. Good to kno there is work for day cabs
He said P/O Power Only ... I've been doing P/O for almost 5 years. Trailers cost $$$ LoL and I'm running $2.15 all miles covered, using others trailers
David seems like a really great guy
Man we appreciate you bro for dropping these gems. I'm definitely into going deep into the trucking business and owning my own fleet. I don't even know how to drive a truck let alone I don't even have a cdl license yet lol but, I'm trying to soak in as much information before I am ready. Thanks!
Thank you David! I really appreciate your information and how you share it!
Blessings and Much Success young King! OTM Trucking San Antonio, Texas
Great information, keep up the good work.
I'm very interested in this business, and was wondering if I can get guidance from you it will greatly be appreciated.
If you need assistance, I'll be able to guide you on how to get a truck at your disposal and management.
Let me know if you need assistance, as a consultant would be refereed to you in the mean time .
Great information as usual. Thank you.
David your videos helped me so much... I just purchased my first truck on Monday. Do u have to have a factoring company?
Congratulations đđ check my video description for my factoring company link
not if you can wait for the shipper to pay you(checks in the "mail".) Factoring Co. takes the risk/hassle out of collecting your money,,,,at a price! 3% in Davids case.
@@TruckingFromScratch ok ill check it out
What about videos on Brokers or being dispatcher
Congratulations on getting your getting your truck mine sharing some tips on. I'm new to this trying to get into the business
Bro u inspire us newbies that's in the truck game. Keep it up fam
love this kind of success!
David u the goat đ bro nobody is doing what your doingâŒïžâŒïžâŒïž
Bro! Based on the cost sounds like older trucks , would you recommend that now or did you have to deal with a lot of issues with older trucks ?
Thanks for sharing your story brah. Funny how things change in a good way
Hopeful you will get better. God. Bless you brother
Very very helpful brother. U have encouraged someone to get off their ass and make something of themselves. Thanks. Much continued success to U.
Can you do a detailed video on hiring driver's???
Ya hire me đ€
You have better luck finding a unicorn than finding a good driver.
There out there just got pay them right Iâm up in Cleveland Ohio, most people I know with a class A will not work for anything under $1000 a week with medical insurance if no health insurance than itâs $1200-$1500.
Finding more and more drivers ... taking up parking in truck stops instead of driving LoL
So many want the $$$ for their expertise, whole lotta show & no go
Right behind you!
Much Love Brother! Nonstop gems and very helpful and inspiring. God Bless!
Man this video was super helpful congrats on your grind and success bruh
Channel grew hella đš. Kuddos fam!
Get this man a million subscribers!
You light the man bro
Great Information! Thank you for writing out the numbers too. Much appreciated!
You're absolutely great!
This man right here... đŻ I love to hear it!
Iâm definitely in the process of just paying my insurance and letting my authority age, however Iâm leased on with a company tul that time comes. Itâs a struggle getting loads with a new authority
great job david... love seeing and hearing success!!
Much love my man! Great video! Iâm on my way âđż
Iâm gonna do this. Start with 1 truck and work my way up.
I want to buy my truck also and your video was very helpful
Very informative...Respect the grind...
Always good content
Good content Mr.Mcgill keep doing your thing man
My guy back !!!đȘđŸđȘđŸ
Thx for sharing and congratulations on your success Bro
Good on you , this is great!!!
This where I need mentorship. How to step into Semis from Box trucks. How to Rent a Tractor and How to Hire drivers. And whats the Safest way to Lease on Owner Ops to my authority?
Great info! I plan on have my second truck with a month.
225 on fuel ?? Dude thatâs crazy high ... ur channel is growing good job ...
Still good content. Big shout out for the transparency and straight forwardness.
Surprised not to see $500-$1000 per month budgeted for tires/maintenance/surprises.