Hi everyone, this is my new Journal of a Newbie Lease Owner Operator. Follow along as I experience the highs & lows of transitioning from a 15 year OTR company driver, to a first time O/O.
Right off the bat most people are against lease o/o. The consensus is that you'll go broke doing this program. I have spoken to successful o/o and discovered some keys to their success.
1. Don't get a junky, lemon truck with high miles. Get one with some warranties still on it.
2. Don't take every load they give you. There are two ways to get good loads. You may have to wait a day or two, but you'll be able to make your expenses & more if you are patient.
3. You must be good & educated about running a small business. And be up to speed on bookkeeping & accounting. I have a excellent CPA at home & he takes care of all my tax issues for me. He also gets paid well for his services. Take the time to educate yourself & you'll get off on a better foot in your new venture.
Stay tuned for more. My new adventure begins this Feb. :-)
Trucker Sue, over & out.
Always be safe, no exceptions.
Sue & Kelly k9. :-)
Right off the bat most people are against lease o/o. The consensus is that you'll go broke doing this program. I have spoken to successful o/o and discovered some keys to their success.
1. Don't get a junky, lemon truck with high miles. Get one with some warranties still on it.
2. Don't take every load they give you. There are two ways to get good loads. You may have to wait a day or two, but you'll be able to make your expenses & more if you are patient.
3. You must be good & educated about running a small business. And be up to speed on bookkeeping & accounting. I have a excellent CPA at home & he takes care of all my tax issues for me. He also gets paid well for his services. Take the time to educate yourself & you'll get off on a better foot in your new venture.
Stay tuned for more. My new adventure begins this Feb. :-)
Trucker Sue, over & out.
Always be safe, no exceptions.
Sue & Kelly k9. :-)