Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO Run the Numbers and the Two Trucks Cost Within $147 a Year of Each Other. The illustrative new truck and the illustrative used truck land $147 apart across a year on payment, fuel and maintenance combined. The used truck saves on the note and spends
Should an Owner-Operator Buy a New Truck or a Used Truck? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO Four Times the Gross. About Nineteen Percent More in Hand. An owner-operator grossing $240,000 against a company driver on the $58,640 median wage is grossing 4.1 times as much. Compare the two after payroll taxes and the gap is about $10,200, roughly 19 percent. Neither
Should I Become an Owner-Operator or Stay an OTR Company Driver? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO 20 Cents a Mile. $385 a Week. And Still Not Enough for a Bad Engine. Fund the reserve per mile and move it out of the operating account the day each settlement lands. On a truck running 100,000 miles a year, 20 cents a mile
How Much Should an Owner-Operator Save for Truck Maintenance and Repairs? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO $1.65 Per Mile Before You Are Paid. $2.35 With Your Pay In It. Cost per total mile uses every mile you drive. Cost per paid mile uses the same annual cost against loaded miles only. The expensive mistake is comparing a cost per total mile
What Is My Actual Cost Per Mile as an OTR Owner-Operator? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO If the Business Stops When You Stop, You Own a Job With a Lien on It. Everything that makes the business work, which brokers pay on time, which lanes hold up, which shop is honest, currently lives in one head and never gets written down.
How Do I Grow Beyond Driving My Own Truck as an OTR Owner-Operator? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO Truck One Leaves $74,959. Truck Two Leaves $16,686. Two trucks do not produce twice the money. Run the same miles, the same rate and the same freight through a second truck with a paid driver and it contributes roughly 22 percent of what the first
When Should an Owner-Operator Buy a Second Truck? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO Brokers Are Not Rejecting You. They Have Nothing to Check. Many brokers set a minimum authority age, commonly around 90 days. That is not an opinion of you as a driver. A brand new carrier is unrated and has almost no inspection or crash history,
How Do I Find Loads With a New Authority as an Owner-Operator? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO A Bigger Share of a Load You Have to Find Yourself Is Not Automatically More Money. Leasing onto a carrier trades revenue for simplicity. The carrier finds the freight, carries the authority, files the insurance, bills the customer and chases the payment. You drive. Your
Should I Run My Own Authority or Lease Onto a Carrier as an Owner-Operator? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO The Down Payment Is $18,600. The Startup Number Is About $52,000. Buying the truck is the part everybody plans for. It is also less than 40 percent of the money it takes to get a one-truck authority running. The authority, the plates, the insurance down
How Much Money Do I Really Need to Start an OTR Trucking Business? Read More »
Dr. Paul Borosky, DBA, MBA Business Consultant & Fractional CFO $240,000 In. $74,959 Left. Here Is Where the Rest Went. Gross revenue is not income. On a truck grossing $240,000 a year, fuel alone takes $86,154 at current diesel prices. The payment takes $21,240. Insurance takes $12,000. By the time every bill is paid there
Why Is My Owner-Operator Business Making Money But Leaving Me Broke? Read More »