Category: Owner Operators

How To Increase Your Trucking Client Base With DIY Marketing

Whether you are just getting your own authority or you are struggling to increase your current client base, you should consider using these no-nonsense, do-it-yourself marketing techniques.

These techniques come at little or no cost to you and they don’t require a marketing guru to implement.

With just a little elbow grease, these simple marketing strategies can help increase your brand awareness and trucking client base.

Marketing evaluation

Your first step to creating a trucking marketing strategy is to look at how your business compares to other trucking operations in your community. Also, consider your level of experience compared to theirs. 

If you are a well-established trucking company with a solid reputation for delivering on time, capitalize on that fact! If you are just starting out, focus on what you excel at or what sets you apart from others, so clients can see more value from your services.

Work with other related trucking businesses within your area to cross-promote each other’s services. For instance, if you use a great factoring company, ask if they would be willing to mention you on their social media pages.

Think like a small business

It’s important to remember, especially if you just got your own authority, that you are a small business owner. You need a modern-looking website (these are surprisingly easy and cheap to create with websites like Squarespace.com and Wix.com). 

You need at least one business social media account for your business (Facebook is usually best). And most importantly, you need to pay attention to how people are responding to your online presence.

Find your niche

Don’t just haul groceries or construction equipment because that’s what your buddy does. Do some research and figure out what is in demand and use social media and your website to show how you are a perfect match for that part of the trucking industry.

Client relations

Join your state trucking association and start networking with other companies in the trucking industry. 

Make sure that you are mentioning your clients on your social media accounts. Let them know if you had a good experience. Show other potential clients that you are polite and engaged. No one wants to do business with someone who comes off as grumpy.

Mobile marketing

If you haven’t already, be sure to get your logo on your truck and trailers if possible. This is an easy way to raise brand awareness while you are simply driving around.

According to Fleet Owner, marketing on your truck and trailer is more effective than almost any other form of marketing for truckers.

However, this one isn’t really DIY.

The best option is to have your truck professionally wrapped with a graphic of your logo and phone number. It will look much better this way.

Your name and number must be large enough so people can see while driving and must be branded so it can be recognized on your website and social media.

Join local charities

Become a Toys-For-Tots drop-off location during the holiday season. Alternatively, get involved with local toy drives or charities. You will be seen doing good within your community, and your name will be noticed every time someone donates a toy to a child in need.

Get DAT with TruckLogics

With new DAT load board integration from TruckLogics, you can post your truck availability so that clients can start contacting you, instead of the other way around.

You can set the dates that you are available and even where you would like to run!

Get a 15-day free trial of TruckLogics! There’s no obligation and credit card information required.

Trucker Tips: How I Find The Best-Paying Loads

Guest blog post by DAT Contributor Sammy Lloyd. 

Being an owner-operator is tough. You need all the tools possible to stay profitable. Back when I was leased-on with a carrier, the only way for me to make more money was to become an expert on cutting costs. Now that I operate under my own MC number, I focus on more than just my expenses.

Here are three strategies I use to squeeze more profit out of every load I haul: 

1. Know the current lane rates

After I got my own operating authority, I started out with the Enhanced version of the DAT TruckerEdge load board. It included 90-day lane rate averages. I soon realized I was leaving money on the table by not knowing the 15-day average, so I upgraded to the Pro version. It has helped me get above-average rates.

The first time I told a broker I was looking at the 15-day average on DAT, his whole demeanor changed. He could tell I knew more about lane rates than someone who isn’t serious about their business.

Sign up for 30 days free on DAT TruckersEdge

2. Research which freight markets are hot

I’ve learned over the years that freight is like a living organism — forever changing, moving, and growing. A market that is hot this week may not be next week, and vice versa. You have to keep up with the changes weekly, even daily, and stick to strong markets with plenty of freight.

Before I’ll ever call a broker, I’ll go into TruckersEdge and do some lane searches to see what lanes are paying the best. Then I’ll check the load counts in the market I’m in and get a load-to-truck ratio. If there are way more loads than trucks, I know my trailer is a hot commodity and it will take more money for me to jump on a load.

On the other hand, I’ll take less than the average rate if I know it’s going to take me into a strong market. That’s why it’s crucial to stay up to date on both the market you’re in and the market you’re headed to.

3. Always look ahead to your next load

After I get on a load and know where I’m going, I’ll look into the market I’m headed into and get an idea of where I need to go next. I try my best to stay a load and a day ahead at all times.

I’ll try to secure another load at my destination before I get there. If I’m delivering a load at 8 a.m. tomorrow, and I can get another load with an open pickup window at or above the average rate, I’m all for it. Very seldom

do I pull a load for less than average, but sometimes the cards just aren’t in my favor.

But I keep in mind that time equals money: Rolling at $1.50 per mile today is more profitable than $2.00 per mile tomorrow. Pre-booking my next load helps me cut down on wasted time, and time management is very important in this business. 
With good planning during my week, I find that I can make room for an additional load by week’s end.
On my YouTube channel, MakeCents Trucker, I tell people all the time: I’m not the smartest in the industry. I’m learning as I go, and this is what I do. In an industry where most fail as an owner-operator or independent carrier, I’ve been able to keep the lights on.

DAT Solutions provides truckers and carriers access to North America’s largest marketplace of loads and trucks with over 900,000 loads posted daily. Click here to learn more about DAT and how you can get 30 days free on DAT TruckersEdge.

Click here to view the original DAT blog post by contributor Sammy Lloyd.

Rookie Driving Mistakes To Avoid

The last thing you want to do on the road is look like a rookie. While truck drivers receive a lot of respect, it’s the drivers who seem experienced and like they have been driving for a decade who get the most respect. Even guys who have been driving for 3 or more years can still look like rookies to the seasoned professionals, so avoid the rookie mistakes listed below so you can be considered one of the top dogs. 

Rookie Driving Mistakes to Avoid

Don’t drive while distracted. If another driver catches you texting, holding your GPS, reading a book, or something else ridiculous you may not live it down. Plus, driving while distracted is extremely dangerous.

You’re providing a service to millions of people while transporting goods, but you want to keep those people safe on the road too. Avoid electronics and anything else distracting while on the road.

When it comes to your GPS type in your location before your start driving and make sure that it’s safely and securely mounted on your dash or windshield. If you’re typing stuff into it while you drive or it comes loose and you have to pick it up then a major situation could quickly be created.

Speeding is a major sign of a rookie driver. Not only is speeding dangerous and unnecessary, but it’s not fuel efficient. When you’re spending tons on fuel then saving where you can make a big difference! Driving about 10 mph below the speed limit will result in some major savings on fuel. Don’t worry about making cars around you mad by going slow, they will pass you either way.

 

Remember to take turns slow too. Rookie drivers often forget that they’re hauling a long trailer and turning too quickly to cause it to flip. Also, cutting a turn too close can result in running over curbs or hitting other vehicles which is always awkward. You don’t want to damage your freight or have accidents on your record.

You know those signs that suggest driving a certain speed or tell you the clearance of bridges? Yeah, don’t ignore those. Those signs are there for a reason, and that’s because other drivers have tested the limits of those exit ramps and bridges before. If your truck takes a tumble or you scrape your trailer you might be laughed at for a while.

Greenhorns don’t use their turn signals. What’s up with that? It’s important to let other drivers know what your intentions are. Other drivers can’t read your mind if you’re trying to merge over. By not using your turn signal you could cut people off and make them slam on breaks, creating a mess of things.

You also need to know when the right time to merge is. Some drivers move over the second they hit their blinker, and some guys wait too long to get over. Don’t hesitate and make sure it’s clear first. But if you wait too long other drivers will think you accidentally left your blinker on and will speed around you.

Another sign of rookie driving is tailgating. Don’t ride people’s butts! If they suddenly need to break there is no way you’re going to stop in time and could plow into or right through them. Plus, tailgating insight road rage which could lead to a potentially dangerous situation. 

Drive Like a Pro

You’re on the road for a reason, it’s your calling! Take pride in what you do by driving like a professional. Slow down, play attention to traffic signs and laws, and never drive distracted. Then before you know it you’ll be the seasoned trucker giving new drivers advice.

For more driving tips visit ExpressTruckTax.com and please share your tips about what gives rookie drivers away in the comment section below.

How To Find Trucking Jobs

Being a trucker has its perks. Your cab serves as your independent office where you can listen to whatever music you want loudly, and enjoy the freedom of working alone without anyone else around to annoy you, except for those in other vehicles. It’s pretty awesome. But apart of being a successful trucker involves the ability to find trucking jobs, so where should you look? Luckily for you, we have the answers. 

How To Find Trucking Jobs

The first step is simple, look online. Use your laptop, phone, or tablet to check out job sites. There are a few job sites that that cover a broad range of industries and there are others that are dedicated only to trucking. Use those sites to search for jobs, and to post your resume so that employers can find you.

There isn’t just one magical place to find a job, there are many. People are using the internet in new ways every day to look for quality people to hire. Check out social media sites like FaceBook and LinkedIn, forums, company sites, and ads. Opportunity is everywhere.

If you’re just starting out remember that it will look better if you have a little experience. Consider going to a driver school to learn the basics and to get some time behind the wheel. Also, you will need to get a CDL or Commercial Driver’s License and pass the Federal Motor Certification Safety Regulation or FMCSR exam. It has a written, hearing, and physical part, and you’ll need to pass the physical on an annual basis. Some bigger trucking companies will actually provide driving and CDL training when they bring you on board.

You don’t need a college degree, but you do need your GED. Also, you will need a clean driving record. Make your record is clear of accidents, tickets, and DUI’s, as those will make you unqualified for some companies.

In order to get some experience, you need to put time behind the wheel. It’s generally easier to be a long haul trucker at first, instead of a daily local driver. Driving around town involves being on small crowded streets and having to back up and maneuver around parking lots on a daily basis, and you may only do that stuff a few times a week as a long haul trucker.

 

Also, local trucking companies are a little bit harsher about incidents even if they aren’t your fault

Where are you located? You may want to consider moving closer to a good city for trucking. As of right now, the top trucking cities include Atlanta, GA, Charlotte, NC, and Columbus, OH. Other cities in the top 10 trucking locations include Dallas, TX, and Nashville, TN, so those are good places to look.

You can turn to load boards or freight boards online. They allow freight brokers to post loads for drivers to bid on. It’s a good way to get started, but the loads are extremely competitive, and it looks better to have a long term relationship on your resume.

Try to build a good relationship with a shipper. To do that, act like you care, clean yourself up to look and act professional while picking up and delivering loads. Call the shipper to check in with them, deliver loads on time, drive responsibly, keep your truck clean, and more.

As an owner operator, you can lease yourself to a carrier. The carrier will find freight for you, provide dispatches, handle the paperwork, and more, in exchange for getting to use you and your vehicle. However, the carrier also will get to keep an agreed upon percentage of the load.

Get to Truckin’

If you feel the call of the road why not start trucking? The trucking industry is growing and is always looking for qualified drivers as a result. As long as your driving record is clean and you can pass the certification tests why not enjoy the freedom of having a trucking career?

For more trucking tips visit ExpressTruckTax.com and please share your tips about where to find a trucking job in the comment section below.

Why The Economy Needs Truckers

Have you ever noticed that truckers are proud of what they do? They’re the proudest people out of any other industry, and that’s because what they do is extremely important. Without their hard work and long hours the economy could collapse, so if you don’t appreciate trucking, here is why you should.

Why The Economy Needs Truckers

There are over 8.7 million trucking-related jobs in the US today. That’s a lot of jobs. Some of these jobs include driving and others include dispatchers, fleet owners, owner operators, and more. Without this booming industry, where would all of these workers go for employment?

Trucking jobs give those in the trucking related industry paychecks, and they use those paychecks to buy things, which in turn boosts the economy. Maybe you own a lamp store, because of truckers not only are lamps delivered to your store, but the people in the trucking industry can also buy one of your lamps.

While more and more people are going to college these days, sometimes getting a degree or two isn’t an option for everyone. Trucking can provide an upper-middle-class salary for those without degrees, giving them an opportunity to earn more for a better quality of living.

There are small communities based in rural areas that actually depend on truckers traveling through them to survive. Drivers buy gas, food, pay for lodging, and more. Their dollar can really help independent businesses like cafes in small towns stay in operation.

Do you like being able to go out and buy stuff? Then thank a trucker! Truckers move more materials than planes, trains, and even boats. If fact over $7 billion dollars worth of goods is transported by truckers.

Truckers are responsible for moving a lot of stuff from waste, healthcare related items, food, refrigerated items, clothes, manufactured items, and more. They move raw materials like cotton to the factory to be made into shirts, then they move those shirts to retail stores. Do you want a shirt to celebrate your favorite football team winning the SuperBowl? Then you need a trucker to haul the raw materials and finished product for you.

When you see a trucker on the road you may try to guess what they’re hauling, but unless you can clearly see the animals in agricultural trailers or logs on logging trucks then there is just no way to be sure. They could be hauling skittles, fresh milk, a sailboat, fair rides, a chemical used in ink, or more. The possibilities are literally endless.

Truckers may be on the road, but they’re also responsible for keeping the road nice. Certain taxes like IFTA or International Fuel Tax Agreement and the HVUT or Heavy Vehicle Use Tax are applied to qualifying heavy vehicles. These taxes are then used to maintain and repair public roadways. It doesn’t matter if you’re in a big pickup truck or little convertible, you have a truck driver to thank for the smooth pavement and safe bridges that you drive on.

We Need Truckers

Truckers are responsible for moving more cargo than you think. Unless you bought something handmade from a local craft show then chances are that everything around you was on a truck at some point!

For more trucking tips visit ExpressTruckTax.com and please share your thoughts about the importance of truckers in the comment section below.

Owner Operators Need To Budget

Trucking is a hard industry to break into. Many drivers attempt to make it big and bring in a lot more money by becoming owner operators, but they fail for various different reasons. Sometimes they just don’t put in enough time, sometimes business is just slow. However, the number one reason new owner operators fail is because they either can’t budget or just don’t try to. Learn from our budgeting tips to help you save money to keep your owner operating business going.

How Owner Operators Budget Properly

We understand that budgeting is hard. It takes some self-control and discipline. When the money is there it’s fun and addicting to spend, but if you spend it all you could find yourself up the creek without a paddle pretty quickly.

One of the most expensive things drivers face on the road is food. You may not realize it, but fast food lunches, snacks, and dinners at sit down restaurants add up quick. Before you go out on the road buy your snacks in bulk, also plan ahead by bringing meals to store in your fridge, microwave or cook in a crockpot.

By cooking your own meals and having your snacks on hand you’ll save money and you won’t have to stop every time you get hungry. Plus, the meals you prepare are often much healthier options.

Another expense that adds up is the cost of lodging. Every time you stay in a motel you’re spending money that you don’t have to. By getting a mattress, a nice bedding set, and some blackout curtains you can turn your sleeper cab into a space that’s even more comfortable than a hotel.

Nothing is exciting like a semi truck is. When guys are starting out they want the coolest rig to barrel down the road in. You can get that super awesome new truck one day, but consider starting off in an older rig, or leasing a truck when you first get started in order to have lower monthly payments and sometimes even a lower insurance payment.

Depending on your client there could be a 1 to 3-month wait before you get paid for a load. You could consider using a factoring company to get paid the same day. With factoring companies, you’ll make an agreement where the factoring company pays your invoice from a client. They’ll pay you a percentage of the invoice the same day and then your client will pay the factoring company and the factoring company will keep an agreed upon percentage, then you’ll receive the rest. It’s a way to get money faster, but you’ll get a little less as a result, so budget it wisely.

When the bigger paychecks start to roll in, save them. A lot of guys go out and start to buy fun stuff

for their families and take vacations instead of saving their money. Then when business is slow or their truck needs a major repair they’re out of luck and their business goes under. Trust us, you always need to keep an emergency fund.

We have tips to save your gas because it’s actually your number one expense. First of all, slow down. Actually going to speed limit, or staying at 65 mph will save you tons of fuel. Also, gradually speed up and slow down, to avoid slamming on brakes. Stick to the interstate when you can, unless you need to avoid traffic jams and rush hours. Also, you can save a lot of fuel by cutting down on your warm up, cool down, and idling time.

Take care of your truck. Don’t get lazy and skip out on routine maintenance. Be sure to change the oil, filters, rotate the tires, and more to keep your truck in tip-top shape. The goal is to get every penny you can out of it to avoid the major expenses of having to buy a new truck or pay for a repair.

You Can Become A Budgeting Pro

By studying your books and keeping track of your profit and loss record you can easily give yourself a budget and start to really save money. It does take a little practice at first, but soon saving money will become second nature to you, and your business will reward you later for it. Nothing saves the day like an emergency fund to help you cover your bills and keep your business afloat.

For more trucking tips visit ExpressTruckTax.com and please share your tips about budgeting in the comment section below.

Use Factoring To Get Paid The Same Day

The trucking industry can be hard to break into. You need a good cash flow to get your business started and to keep it going. Just because you’ve established yourself as an owner-operator doesn’t mean that you won’t face slow periods where you need a little extra cash flow to get by. Now, this doesn’t mean give up, it simply means consider the option of factoring to get cash fast for your business.

Factoring

Factoring can be the solution to helping you manage your cash flow for your company because it helps you get cash fast because factoring is an advance on accounts receivable.

Basically factoring companies give you a cash advance by paying you for the invoices on loads that you’ve already delivered. Usually, once you deliver a load you won’t get paid for it until 30 to 90 days later, so factoring cuts that time out by paying you the same day.

Drivers and owner-operators tend to turn to factoring as a way to keep their business afloat or to get their business started for a variety of reasons. For example, factoring could be the best option to get paid the same day when drivers can’t cover their bills, when they have a major fuel invoice, or need to pay their drivers. Different companies have varying amounts of time on when drivers actually get paid, and factoring will help drivers get paid the same day instead of waiting.

When you’re just starting out and want lease a new truck factoring can provide the cash that you need to cover business-related purchases in order to get your owner operating business going.

Before you get paid you will negotiate an agreement with the factoring company. The money you get upfront will be a percentage of the amount the load your client owes you. In the factoring agreement, your customer will pay the factoring company for the load you delivered and the factoring company will keep an agreed upon percentage, then you’ll receive the rest.

Our Top Factoring Companies

Here at ExpressTruckTax we pride ourselves in providing quality service and helping truckers out in any way we can, that’s why we’re telling you about two trusted, and outstanding factoring companies that you can turn to for cash advances.

Since 1994 TCI Capital has been helping those in the trucking industry and more get the cash they need on the same day instead of waiting for it. TCI has experienced and knowledgeable representatives to help serve clients with even the most unique funding needs.

Also, TCI offers the credit history and payment trends of potential clients to help companies take on new customers with confidence, and provides online reporting to keep you informed about your transactions at all times.

FleetOne has 28 years of experience in trucking finance and will work hard to get you funding within 24 hours. By providing credit checks and offering an experienced support team to answer all of your questions, FleetOne makes the factoring process quick and simple.

The FleetOne mobile app can be used to make factoring even easier, by providing you with the ability to take a picture of invoices, documents, and more to instantly scan and upload to your FleetOne account. The app also keeps all of your documents and transactions in one convenient location.

ExpressTruckTax is Here To Help

If you have any questions about factoring or about what we can do to help you e-file your HVUT and accurately calculate your IFTA totals please don’t hesitate to contact our dedicated support team at ExpressTruckTax via live chat, phone, or email.

DIY Hacks To Make Your Sleeper Cab Feel Like Home

DIY Hacks for Sleeper Cabs

We’ve all felt it. The lonely feeling of the open road. While we’re addicted to driving for miles and miles sometimes we do get a little homesick. Sometimes it’s hard to be away from your spouse, children, and pets. However, somehow you have to fight through feeling homesick to make your drops in time. One easy step you can take towards not feeling homesick is to make your cab feel like home.

DIY Hacks To Make Your Cab Feel Like Home

You spend a lot of time in your cab, sometimes you spend more time in there than you do at home, so make it a comfy place to be.

In order to do that invest in at least one awesome seat cover. The seat cover can be heated and it can come with built-in massagers, making it the perfect place to lean back in relax in after hours of driving.

Make sure your mattress in your cab is a high-quality one. Not getting adequate rest on the road could leave you cranky and just wanting to head home. You don’t have to come with the factory issued cardboard mattress that came with your truck, especially if you got your truck used. Instead, consider your memory foam and gel mattress options.

You know what comes with a comfortable bed? Comfortable bedding! If you’ll be spending a lot of the nights on the road don’t settle for cheap sheets and blankets. Spring for the softer materials with higher thread counts. Heck, you could even treat yourself to an electric blanket to be warm and cozy.

To get a proper night’s rest you’ll have to block the world out. Invest in some blackout curtains to get rid of all the lights from tracking and truck stops. Also, consider getting some earplugs to block out some of the noise that traffic and rest stops produce.

It’s important to fill your cab with a few of your favorite things in order to boost your mood. This can be done by adding pops of your favorite colors around. From crimson red to sprinkle blue, whatever color is your favorite will work.

You can add your favorite color by getting a steering wheel cover, seat covers, rubber mats, a rug, a bedding set with multiple of your favorite colors, and more. The possibilities are endless, all you have to do is look around your cab to see what you can customize.

Be sure to put up posters you like and to put up a few of your favorite pictures. Seeing photos of your family and pets or posters of your favorite superheroes can really boost your mood.

It’s always good to be able to do more things in your truck, and the first step towards powering more electronics is getting a good power inverter. Then you can set up awesome things like a flat screen tv and your favorite gaming console.

Nights won’t feel so long and boring when you can watch your favorite movie on Netflix or play multiplayer games online with your kids back home. Also, you can bring a lamp for extra light in your cab at night.

Why stop every time you’re hungry or thirsty when you can stock your cab to be your own personal mini kitchen? You can have your own mini coffee maker to brew coffee anytime you want. If you don’t want to deal with coffee grounds consider getting a K-Cup machine.

For more food options you can place a microwave, mini-fridge, and freezer in your cab. This way you can bring more food items with you on your trips that can easily be stored and heated up.

Did you know that you could even bring along a hot plate to boil water? Sometimes nothing is better than a hot bowl of ramen!

You can complete your kitchen with a TV tray or fold out shelf or table to balance meals or your laptop on.

This item should never mix with kitchen items, but are you tired of walking across cold parking lots to wait in a long bathroom line? Then get your own portable toilet to bring along on the road with you. Just make sure it has a lid that you can seal tight to prevent spills.

If you want to bring something with you on the road like extra clothes and tools then bring them with you. Just invest in storage bins and organization items to maximize your storage areas.

Enjoy Your Home On The Road

Your truck is sometimes your office and can be the area where you spend most of your time. Be sure to customize your cab to fit your personal preferences to have a comfortable and cozy space when you’re missing home.

For more trucking tips visit ExpressTruckTax.com and please share how you make your cab cozy in the comment section below.

Safety Tools You Need To Always Keep In Your Cab

Accidents happen. Even the best truckers with spotless records get caught up in emergency situations because you just never know what can happen on the road. In the event of a major accident or inclement weather be prepared with the proper tools in your cab.

Emergency Equipment Truckers Should Carry

You should always have a bag of emergency clothes with you on the road. This is important for all seasons, but especially for winter. Your pack should have warm items in case it gets cold like a sweater and hat, but it should also have waterproof items.

Remember, you can layer a lightweight jacket over winter gear or bring a heavy insulated winter coat. Just make sure the items are in layers so you can shed something if you get too hot.

Don’t forget about your hands and feet. Always carry waterproof gloves and waterproof shoes in case you have to get out of your cab during a major downpour or a cold wintery mix.

Most people carry extra underwear and socks in case they get held up somewhere for a few days.

It’s also good to carry extra blankets. You never know when your heat will go out or when you’ll be in a situation where a little extra heat and a nice dry blanket could make a major difference to your night.

Never forget to bring along extra batteries and chargers for your radio, CB, phone, flashlight, and more. You’ll want your electronics to have a nice charge, and a way to charge them. Hand crank radios and solar powered chargers can give your phone the extra juice it may need.

It’s always great to carry a fire extinguisher with you in case something starts to flame up. Heck, you could even be stuck near a forest’s wildfire, so having the ability to spray out some flames could come in handy.

You’ll need some emergency meal items. Keep at least a gallon of water in your cab and a few days worth of nonperishable foods like cans of soup packages crackers, and jerky. Don’t forget your can opener!

A multi-purpose knife can go a long way. You never know what type of items you’ll need to cut. Some knives come with seat belt cutters and points to break glass if you need to climb out of your cab quickly.

If you take a daily medication be sure to bring the bottle with you. You won’t want to be without it if you get stuck somewhere for a few days. It’s also a good idea to carry some pain relievers and antacids.

Consider bringing some personal hygiene items on the road with you. This way you’ll have items to keep your teeth and body looking and smelling clean.

Take a small first aid kit full of bandages, antiseptics, and baby wipes. You might actually be surprised with how often you want a band aid while on the road.

Other people on the road will need to be able to see you, so be sure to bring along flairs to set out, and those reflective triangles. It helps to have a reflective vest if you’re stepping out of your cab near a busy road. Also, have a proper flashlight with you, sometimes your phone light won’t cut it.

Maybe a few candles and waterproof matches would be good to keep on hand as well, in case you need light in a dark cab.

Be Prepared!

You never know when severe weather or a bad driver will strike, so be prepared for any emergency situation that may arise. You never know when a few extra items in your cab will really come in handy.

For more trucking tips visit ExpressTruckTax.com and share what emergency items you carry in the comment section below.

These Practices Cause Owner Operators To Fail

Some owner operators fail, that’s just a plain fact. Sure, some guys make it and bring home the bigger paychecks, but most truckers fail. Becoming an owner operator involves a lot of risks and precise planning, and they guys who don’t make it, usually don’t due to reasons that can easily be avoided. 

Mistakes Made By Owner Operators

The owner operators who fail are generally too big for their britches. They think they can do everything themselves. Even though it’s true that will start out doing the majority of work yourself, it’s best to get the advice of a financial advisor or an accountant to figure out the best plan for your business before jumping in. A man with a plan is generally smarter than the guy without one.

Plus, you shouldn’t be too shy or prideful to ask for advice. Successful owner operators probably know a few tips and techniques about the business that you haven’t heard about before. Why not ask them a few questions to see if they can help you climb up the ladder?

Eventually, as your business grows you’ll get to hire employees! Instead of doing everything yourself, that you probably won’t even have time for, it will be best to hand things off to your trusted team.

2. Speaking of time, a lot of owner operators who fail simply didn’t consider the amount of time the job requires. You’ll be gone a lot more. If you don’t want to drive extra overtime hours and want to be around for more school plays and baseball games then you might want to stick to driving for a carrier.

A lot of owner operators fail to think about the strain it will put on their family when they’ll be gone more, and relationships are tested. Be sure to speak with your partner about being gone more and how to stay in communication with them. This way you won’t end up like the people who had to choose between their new business venture or their relationship.

3. A quick way to find yourself up the creek without a paddle is by not making a budget. If you live paycheck to paycheck you could quickly end up on missing some bills or not having enough cash to pay for dinner. Know how much you’re spending on fuel, insurance bills, your truck, and more a month, so you’ll know how much to set aside for your meals, personal pay, and more. Tracking software like TruckLogics can help you keep up with all of your finances.

Also, a lot of the time new owner operators don’t set aside any money for emergencies, and that’s just not good because things happen. Trucks break down and you’ll need to be able to pay for the repair. If your insurance will cover the repair you’ll still need money to float you by while it’s in the shop.

Keep in mind that being an owner operator isn’t the fast way to success. It takes months and maybe even years to build yourself up as a reputable owner operator who brings in the big bucks, and even then some months are just slow. Always keep an emergency fund set aside for the slow periods.

4. Some people just buy the wrong truck. They get a brand new truck up front that’s all shiny and awesome, but then crumble when they aren’t bringing in enough cash to pay for the bills that come with it.

They don’t explore all their truck options. For example, leasing generally comes with no down payment and lower monthly rates, so it can help owner operators get started in the beginning. Although, at the end of the agreement if you don’t lease to own you won’t have your own truck to trade in towards getting a new one.

If you want to own your own truck avoid getting a lemon. Lemons are new, cheap trucks that don’t have a good turnover rate. You’ll want a truck you can quickly sell to make some of your money back with, in case you find out that owner operating isn’t for you.

Older trucks that are built sturdier are often more fun to drive and have higher turnover rates. They can be great to start out with until you grow your company enough to comfortably buy a new truck.

5. Owner operators who fail are low maintenance. They don’t take care of themselves. They cut corners and drive even if they haven’t gotten enough sleep. Some truckers don’t take their personal health into account and constantly get terrible options from fast food chains, smokes, and don’t even think about making an effort to work out. You have to be healthy and full of energy to put in the time and work that being an owner operator requires.

They also don’t take the time to maintain their trucks. Skipping out on regular maintenance like oil changes and changing your brake pads can wear out your rig pretty quickly. You have to take the steps to winterize your truck, tune it up, check all the fluid levels, and more in order to squeeze all of its value out of it. 

Don’t Fail!

You can make it as an owner operator, we believe in you. Just make sure you don’t make simple mistakes that can easily be avoided. Make a plan for your business, ask the experts and tell your family what you’re up to. Be financially responsible and know where your money is going. Also, don’t forget to take care of your truck and yourself.

For more trucking tips visit ExpressTruckTax.com, and please share your comments about why owner operators fail in the comment section below.