Hence, foreseeing, budgeting and planning is where the main focus of owner-operator truck drivers should be. Abiding to the rules that come with owner-operator’s trucking business is a must.
Making the right decisions can lead an owner-operator to become a businessman and to remember that the business isn’t personal.
Doing your business in a more magnified way will definitely lead you into success.
Few Things That an Owner-Operator Truck Driver Should Fully Understand Before He/She Enters In This Field Of Trucking
Truck drivers who enter the career of an owner-operator before knowing which the crucial things for entering in this field of trucking are can lead them to disaster.
Few of the things that owner-operator truck drivers should pay attention to are:
- Cost per mile of operation;
- Permits and DOT Regulations;
- Truck and Trailer Maintenance;
- Freight Brokering;
- Load Factoring;
- Insurance;
- HOS and Weight laws;
- Federal, State and IFTA fuel tax laws;
Remember that starting a trucking business without giving much thought to it can lead truckers to bankruptcy within the very first year of operation.
Last But Not Least: Remember That Becoming An Owner-Operator Truck Driver is a Process
Becoming an owner-operator truck driver is a process and it might take over a month before he/she can earn the authority by the Federal Motor Carrier Safety Administration FMCSA.
