Hotshot Startup- What does it take? $$
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- čas přidán 21. 08. 2024
- Getting started is expensive!
There are a lot of requirements and money to be put down before you can even think of hauling your first load...in this video I outline what it cost ME and several requirements to get started.
Have a question and want to contact me directly?
/ hotshotadventures
#HotShotAdventures #OwnerOperator #HotShotTrucking
I love that: "I would rather haul fewer loads than have someone tell me what I can or can't do".
Exactly why I want to start my own hotshot instead of leasing under someone.
Pro haul tv, tow piglet, and now you I really appreciate you all
Thanks so much edward, very kind of you 🙏
Hey 👋, good video Do you have Instagram?!)
Same, thanks
I have been an owner operator for over 45 years with my own authority for the past 13 years and I will say you have laid out some good numbers. You have put together a very good break down on costs and some good info for people to think about. Good luck to you and Keep On Trucking..
Thank you Lonnie! That means a lot coming from a seasoned driver and owner operator! I appreciate it
This video is probably a huge wake up call to many people daydreaming about doing this, you really have to be a person with their shit together & a decent amount of capital behind you..
Thanks
It's not something you just wake up one day and say I'm going to start driving! A lot more to it than that, whether you do hotshot, big rig, cargo van, animal transport, or rv transport! There is a lot to it..
Good video. She'll probably scare a lot of wanna be's away that think it's easy. I use Progressive Insurance, $1,900 down $1,150 for 10 months. I do use a dispatcher and he keeps me going with good loads with no less than $2.00 and up per mile. I've gotten many $3.00 and up. Like she say's, shop around. There are big differences, huge price variations. BTW, my dispatcher charges me 7%. He keeps my trailer (40') full and has my next load ready so no waiting for my next load.
@@kolodytrucking3233 where do you go threw for loads
Thank you for sharing your knowledge and helping us rookies starting up in a new business
My reason to continue, thank you
Glad to help
Just started trucking (1month) this is my ultimate goal way down the road! Thank you for the information!
Most welcome!
Thank you so much! I’ve been a diesel mechanic for 5 years now. Right out of high school, and now I feel like taking on a new challenge. I do appreciate you taking the time to explain everything. God Bless you! and I hope this channel grows! 🙏🏼
You'll have a huge jump on the rest being able to do all your own maintenance, best of luck
@@HotshotAdventures
I have a question you might have answered already. What about a small business loan to cover expenses? Coming from someone that is unable to save 30+ k to start the business. I know it's risk reward , but it's scary jumping into it with little to no experience.
@@HadokenSWTOR with little to no experience in the industry as you say, I would start on a smaller scale, and test the waters, make sure this is something you can see yourself doing full time. (work for someone else, start with a smaller truck and trailer which will cost less, etc) I would start there before taking a loan out - then potentially finding out this is not what you can see yourself doing for 5+years
I love being exempt from logging. 100 air mile radius. 40 years and I've never slept in a truck in my life. The few road trips I've had to take, I slept in motels. Day cab thing lol
are you a hotshot driver?
@@rs-vl2im no I moved construction equipment and machinery local with a landoll trailer
Good video very informative and you seem like a very strong woman and if you’re daughter reads your comments she should be very proud of the example you’re setting good luck
Thank you 😊
I’m trying to get started in this and I think you are tha bomb my friend. For a woman to stand up and say to hell with it’s a mans job bullshit and just step out and step up is awesome. 👊
Thank you ! 😊
If you need one on one help, sign up for patreon.com/hotshotadventures
Very informative!!!!! I’m making my list and getting ready to jump in!!!
Wonderful!
You are a true professional who knows business numbers from your real amounts great business logic ... OH and your smile is free thank you
Thank you Tim 😊
I know I’m late to the party, but great video. I recently retired from being a heavy equipment mechanic, and I had alway looked at hotshot, from a maintenance point of view. That can be expensive!
This past year, my grandson has bought two Kenworth’s, so I may not get to stay retired as long as I wanted to.🤷🏻♂️😂😂😂
Help him out :)
He'll need someone he can trust
@@HotshotAdventures he already had a cow when he had to replace a couple of tires. He was expecting $150 each🤷🏻♂️.
I haven’t replaced any in over a year, and they were $800 each.
Yup, costs money to make money in this biz...he'll learn :)
My trailer tires cost $150/each ...
I love how you are taking the time to share this. I am new to all this so I don’t know what some of the things are that you added cost to. Maybe you have a video that will explain a few of those?? Thank you for this video.
Thank you so much for sharing!!!!! We're new to the trucking community & very excited to get started!!!
Thank you, thank you, thank you. This is the kind of checklist I need as I plan and study to get into trucking next year. I learned something new. Didn’t know about Unified Carrier Registration.
I'm glad you take something out of it
Ucr is annual, check it out
All the best
This was a great video. Thank you for the advice. I am about to actually start my own hot shot company on weekends while I'm working for a ltl freight company. Absolutely right though about how it's hard business at the beginning But Wish me luck and Cheers from Texas!!!
Congrats, and best of luck out there!
Great information. Thanks Natalie! Stay safe out there and keep up the good job! 👌🏽
Thank you so much for theses video's, I'm new also and I choose to work for myself, my legal zoom wasn't cheap. Thank u
You're always smiling, upbeat and positive. I enjoy your videos because of your attitude and all of the great info you present. Peace from NorCal
Thank you Zach!
Thank you for the honesty here. There are so many people making videos that don’t explain how hard it can be to start a business. Keep up the good vids please!
Hi Natalie, Thank you for the video. Seems to me you really covered it. All the start up cost's and the first month you have to wait for the first payday ;-) Of course your right that you don't know what will happen when you first get started. Keep the Dirty side down & the Sunny side up!
I really enjoyed this rundown of the costs etc. I also wish I had come across you sooner.
I'm glad you joined. Yup, been at this over a year--where you been at?? 😁
May I ask, what GVWR did you tag for?
@@HotshotAdventures , I've been subscribed for awhile. However, I haven't gotten all your posts. I'm 58 and live in VA. I just quit my full time CDL driving job. I would love to get into it but...
OMG! I just found your channel aaaaand I’m in love with you! 😁 I came off the road in 2018 and I was doing expidite and I miss it but watching your channel I get to see you and understand everything that you’re doing and saying! You are built PERFECTLY and I’m the type who wants to tell a person of their best qualities and obviously you’re beautiful but you hear that daily but you know what you want in your work but you have a bubbly personality and your attitude is awesome!!! I love that you’re working as hard as you do and you make some people look like they’re lazy! Roll on ladies!!!
🧡💯😎
Thanks so much Alan! I have a lot of fun, and bust my butt a lot too :)
I dont know why it took you so long to find my channel, u could been watching me a year ago! :)
But either way I'm glad you're joining my crazy fun adventure.
Are you still doing expedited?
@@HotshotAdventures I had to come off the road because I found out that I am diabetic and I had a hard time driving my shift but I had a blast!!!
Girl keep making these videos you'll never have to sit in a truck again
I'm not sure I can survive on CZcams ad Rev, but thank you souch for your support! I'll keep going
Your points of discussion and related variables are very well articulated Natalie. Really enjoy your videos : )
I appreciate your comment! Thanks so much for it
Thanks, great video, very friendly and informative 👍 Just wow! Soo many fees for someone wanting to start a business, surely a BIG write off, but upfront costs are whoa!
Hey Natalie! Thank you so much for this. This is a great list to start exploring avenues to get started. Your very awesome. Be safe and roll on!
Thanks Bryan! Hope it helps you out.
Thank you for this video. I am interested in getting started.
Great subject to talk about. Thank you.
Melanie, TY TY TY....!!!
I will look this over and take all of what you said into consideration. I totally agree that whatever works for you may not be suitable for me or other drivers or those inspired to drive...however this information us Vital!
Thanks Natalie great video it really lets anybody thinking about getting into the business know what The Upfront costs are going to be and what they need to have in the bank and I see tow piglet followed your lead and getting the same style trailer you have I think it makes a lot of sense that trailer is way more versatile than flatbed thanks again for the great video and be safe out there
Upfront costs are high, but the freedom is awesome
Yeah I saw that, seems he's also listened to me in regards to running regional not OTR. It's flattering, and I'm happy to teach even the "pros" 😆💜👍
Great video and you can an not go over board on load securement you did good !
This is another one of your very thorough and informative videos. You may have said this in one of your vids, and I didn't catch it, but what CDL school did you go with? I'm looking at them now and they are almost three times the amount you mentioned!! Plus, I'm in Ventura County and most are in Orange or Riverside Counties. Be safe and stay well!. Paul
New sub and got addicted to watching your vids.
Welcome!
Watch and ramble on, Ramblin man 😃
@@HotshotAdventures I will for sure. You got valuable information about my dream gig and a pretty smile 😁
Thank you thank you!
I like your cat, she wanted to read what was on the blackboard too.
I think she wanted to check my addition, lol nosey thing! 🤣
Good info. 🤣 I knew that cat was up to something.
Are those tattoos on your arm, or do you write on yourself? And why don't you use tarps often? Not much rain, or rain doesn't matter?
I use my tarps as needed anytime. We don't get too much wet weather here so I dont tend to use them too much.
And yes, that's a tattoo on my arm
@@HotshotAdventures I'm curious to know what it says, if you're comfortable sharing.
Hi Natalie, I've been a long time viewer and I just love your content and I just want to say this was a fantastic video! Well presented and very informative - thank you so much for this time and effort you put into your videos.
I noticed you elected to go with the F350 chassis due to length laws. I've been pondering the same, I wanted to ask if you had any issues towing a 40' trailer with the F350 rental that did have the bed? Did you ever get cited or warned for being over length?
Thank you again Natalie for all you do, it is sincerely appreciated and your videos are very enjoyable to watch! Keep up the fantastic work! :)
Hi Kevin! Thank you for your continued support and kind words.
I had the same length with the enterprise rental, almost 67', no i was never cited or measured in that truck, but it was something I knew was an issue that had to be resolved quickly.
I like how u think about work
😁
Great Video Natalie 👍.
Q1) Have you had your New Entrant Audit?
Q2) can you put an example of a Truck Mtc. File?
Q3) Can you put an example of a Driver Qualification File?..
These are all simple things you can find examples on Google. Ill see what I can do for you
Excellent information 👍👍
Can you talk about your record keeping, factoring, and any other paper trail that is needed.
Thank you so much!!
czcams.com/video/6GR8ePSG9GM/video.html
Awesome video thanks for all the information that really broke it down
Appreciate all the information!!! Starting up out of Riverside!! 2021
Excellenf! Wish you tons of success!!
Nice job very professional
Great info! Thank you for sharing.
I spent $300 on the DOT# and $6500 on a new trailer and haven't stopped since. Everything after that is for commercial truckers. Not for hotshots.
Great video, first person to break it down with some numbers. Since you mentioned some things that had a annual fee I take it that dot , ca #, and ice are a one time thing? Have you checked to see about basing in another state for your plate? In my state a 44000lb plate is only about 750 max.
California i believe ranks as o e of the worst states for small business, you are right about that. Just like Elon and tesla moved out of cali, I might have to consider as well
This was awesome. Thank you.
You can apply for an EIN for free online and go to your city clerk and register your LLC for $100 you get your paperwork stamped right away.
LLC rates depends on the state. $100 is a dream compared to most states. Not to mention annual rates.
@@FacetiousUniqueness I understand that it can be different in all states, but if you do the leg work you can save hundreds..
And of course you must pay your taxes, but nothing happens if uncle Sam doesn't get a cut..
I love your videos, God bless!
Thanks a million Victor
Great information sweetie thanks .love ❤️ your kitty 🐱.
Hi hope your business is doing well, I have a question. After CDL school where did you learn how to tie down different loads? Did you take a leap of faith and learn as you went or did you have previous flatbed experience. I have plenty of driving experience but no flatbed experience and I'd really like to start a hotshot business..... Thanks for all the info!
Its a good question
I learned off youtube and learned as I went along. I didn't have any flatbed experience.
I did just start a load securement video series on my patreon page for people in situations just like yours! So you can learn the tips a d tricks and rules that I've learned over the past few years in one place.
Www.patreon.com/hotshotadventures
@@HotshotAdventures Thank you I really appreciate the quick answer back. I will check it out.
What a boss!...great video!
Thank you ! 😊
Great vid ... thanks for the content!
You always have great informative videos Natalie!!! Thank you and keep up the fine work!!!
As always, thanks for your support and kind words Norman
Thank you, Be safe out there
Yes sir, thank you
Yeah never factor. When I started if a carrier was factoring, it was a bad sign. It makes you look weak and cash starved. Then shippers and brokers walk all over you.
Sometimes you use factoring to save the paperwork headache when you are busy.
@@45yt6 Also, if a broker or shipper doesn't pay you, the factoring company eats the loss.
You folks be careful out there friend works at a truck stop there are some very difficult truckers to deal with their people skills suck. One trucker pulled a gun on another over a parking dispute.
I wish those trailer boards would last forever
Great overall intro to costs of doing business and starting up a hotshot enterprise
Incredible! Thank you.
THANK YOU MAM ! IM FINNA GET TO WORK
Awesome carlos!!
Thank you so much for this information!
😃
How do u book ur loads? Do u have a favorite load board u use?
Shit I was about to say there’s no way it costs this much then I realized you’re from Cali. 😱
Some of the expenses are regional, but many are not.
Yes it does! This is actually good numbers....even in pennsylvania where I'm located. My insurance is much cheaper than hers based on her down payment, but everything else is standard across the board
It would have been really nice if you could have explained what these expenses are, and not just the cost. Speaking as a newbie, I had no idea what some of these items were.
If you have specific questions, message me on patreon.com
If you want mentorship, I can walk you through each step, sign up for that also on my patreon page.
I listed them all out for you. If there are items you're not sure you need, or you don't know what they are, its probably time to do some research, and/or to reach out to someone to assist you along the way.
I have also done several videos on many of these items specifically, which go into more depth on different subjects.
Check out my Playlists also, this may help.
Do they test for methadone??? I have a prescription..and I'm deadly afraid of BOTH failing and getting off it....
I been clean from drugs and on methadone for 4 years....but on heroin for 10...I got my life back on it ...I'm scared to get off ...its not a cop out I don't care what u think ...I just want to be a productive member of society
U are great. U just say the truth. Tks
Wish you the best. Cali
where are these cdl schools that are 2000 dollars every where I see is 5000
Im thinking about buying a Diamond C18000 gvwr and derating it to 15000... any thoughts ?
insurance is cheaper, books are easier, less stressful, the money isnt as much but you can do well, plus if you get ticketed isnt the fines less !
that im not sure because back when i was a class A I only had one fine rolling into florida, I forgot about my tandems... 100 dollars yikes !
Derating a trailer is lowering the weight capacity on the sticker. It doesn't change the cost of insurance, and only you can change your stress level, not a sticker with a number on it. :)
Seems like you have it all worked out, I'm not sure where you need my thoughts on anything...I have heard diamond c is a good manufacturer, I think thats what ill be trying out next myself.
Kingpin Law right?
ARE YOU REQUIRED TO ELOG?DIDYOU FACTOR IN THE COST OF THAT EQUIPMENT? YOU HAVE THE WILL AND DESIRE TO SUCCEED ,KEEP ON TRUCKING ! GREAT VIDEOS
Yes I went over my elog and the cost.
I wanna hear you say trailer again...😀
Lol
Trailer !
Taxes you independents realize you pay double social security. My employer pays the one social security bill I pay the other. Independents pay twice
I would rather pay the man twice then work for him :)
Great video thanks for the info .. new sub Here From imperial valley California ✌🏼
Noone ever talks about insurance. I havent watched the whole video but I am assuming that you have a 10 month policy , so your ins payment every month is $2,250?
10 month policy, correct. My first year my insurance was $1500/month
@@HotshotAdventures Thats not too bad, I was quoted 2400 per month for a semi. Still trying to figure out Hotshot or semi. Im on the list for Enterprise since Augutst
Be sure and touch base with enterprise every week or so, so they know you're ready when they have a truck for you :)
Good luck, let me know how things go for you!
I’ve heard if you keep a good driving record it goes way down after one year.
Hi loved ur video..i live in Palm Springs Ca...will get my CDL in april..need ur guidance to how to? wat to? To get started. Hopefully u can help me ..appreciate U
Hi rosendo, good job!
You can reach me directly through patreon:
Www.patreon.com/hotshotadventures
Babe you really gotta get a way from Cali. Texas has so much cheaper taxes and federal fees
I'm curious how you got your business credit card so soon after getting your llc? usually it takes time to build business credit?
Its a good question. The business doesn't have any credit in the beginning, credit card companies will do a soft check on your personal credit score, and I believe based on that you're either approved or not.
Where did you get your insurance? I’m finding it impossible to even get a quote
Try ooida :)
Nice share✊😎
I’m probably doing a dumb question, but what is the difference between the insurance that you pay for enterprise and the one that cost 4500 a month?
Two very separate instances that cover different things
harvard business services Is the way to go to start an LLC OR an S cope 👍
Really wonderful video a lot of useful important information and my question is it’s possible to find loads if you gonna start like “power only”? And commercial insurance - amount $4500 it’s all the time the same or possible to get different number ? Thank you
There are plenty of power only loads on the load boards. Yes its possible.
I dont understand your second question
@@HotshotAdventures Second question about commercial insurance - if I need to get this commercial insurance I gonna pay the same amount $4500 on the beginning?
You would need to speak with an insurance company or broker.
@@HotshotAdventures thank you so much!!!
Thank you So much for all this information. I still want to know more about Apportioned Plates ? Do I have to get them if I'm not planning to go coast to coast? I just wanna stay local, within 500 miles of my home. Any advise or info is appreciated. Thank you
Love your vids. Can you get your DOT & MC #'s before you get insurance? ty!!!
never mind... lol
I THINK I remember the testing at DMV was $174
Can you share what company you use for your ELD? We are just getting started and need to choose one. Thank you! (Love your videos!!!)
Thank you
I just did a video on my eld company, within the last couple weeks, check it out
@@HotshotAdventures ok, I will, thank you
Great video! U pretty much covered it all! 👍🏻 has
👍thanks Bryan 😊
If I'm not asking too much where did you go to learn the class A? What schooling did you go to is what I'm asking?
Who did you use for your BOC-3? Everywhere I've looked wants to charge annually.
TBS
Great Video!!!!
What company do u use for insurance ?
You didn't say your name on the video or the description. Makes it more difficult to communicate. Nothing wrong with just a first name. I am thinking about Hotshot driving. Can you explain what some of these items are? BOC-3. And the DOT medical -- how did you sign up? You mentioned a CA#. What is that? You did explain and go into details on many of the other items -- that was helpful. How did you find your Insurance broker? I am having problems finding insurance for my Box truck (NY home base). Any advice? How was the Enterprise rental experience? Why did you get a CDL for Hotshotting? Are you driving Pick-up or a Semi? Just some questions that may also pop up from other drivers considering going on their own. I set up my LLC -- not through Legal Zoom (sort of expensive for me), but another website. Did you get an online lawyer to help you with business issues? What about Accounting services? Any advice on that -- I am considering using an online Accounting service, but I heard some are really not worth it. Thanks for the info on Start-up costs. It answered many of my questions, so it did help me move in the right direction so far. I am looking for a CDL school, but don't want to pay $4K.
You haven't watched enough of my videos if you don't know my name yet 🤣
All your questions I've already answered in videos.
Check out my Playlists, and keep watching 👀😎
Hi Nat ! Quick question which company you used for the ifta / apportioned plates? Thank you 😊
You can Google commercial registration/plates. There are many 3rd party offices that will help you with that in your area.
How do you get apportioned plate on a enterprise rental, also did you get a weight sticker?
I really dont always like telling people this, but I have $33,000 in all this plus a semi and 2 trailers....
Hey there, good info. So do you only run in CA? What is your monthly insurance cost on your trailer, cargo and truck? You said 4500 1st and last, is that 2250 per month? Thanks so much for all the info, stay safe!
Steven you're welcome to sign up via patreon.com and we can go over numbers and help you get set up.
@@HotshotAdventures I'm torn. I'm getting my CDL and think it would be more fun running a dually or 2 but I'm going to work at FedEx ground to check it out for a year. I've been a tile contractor forever, had a bunch of dually trucks, a gooseneck(not as long as the ones you run) drove trucks in the Army but I'm wanting to drive a semi and see if it's what I'm into or not. I appreciate you getting back to me! I like your videos. You have a great attitude and you look like you're having a good time
What’s the difference between apportion plates and regular plates like a 4A registered
I would like to get started into hot trucking but have 0 experience in transportation any idea of how to get a feel for the trade before dropping $30k? Any advice is appreciated thanks (located in southern Cali) if that matters
Its a fair and good question. First thing I would suggest, you're already doing! Research, learn, feed yourself knowledge. Jump on the fmcsa website, learn guidelines. Decide what type of carrier you want to be, non cdl or cold, consider equipment, and start saving money! Youll need it to start
Hi Natalie I love watching your videos! Thank you for sharing all that knowledge! I have a question does any enterprise rental can rent me a truck for hotshot or is it only certain one that do? I know you mentioned Mishawaka Indiana! Please any information will help!
Yes many do
Try others
Thank you!