Are you saying you showed a lease-operator how to profit $200,000 in a year?

 

Business plan for trucking

1. Buy truck

2. Buy trailer

3. Post truck on load board

4. Haul load

5. Invoice broker

6. Wait for check

7. Cash check

8. Buy beer and chrome

8a. If Canadian, replace 8 with Buy beer, go to hockey game then buy
chrome

9. Goto step 3

 

Works for me! 8)

 

How about billing the fee into your rate and then just wait for the money and keep the whole lot. You don't have to borrow it from the factor people and waste good money.

 

I guess, I meant that you have no particular love of trucking....in the driving sense.

Buy beer watch hockey....LMAO!

 

I'm done talking to clueless and ignorant people.

Rank - you seem to have some business & common sense. The rest of these jokers just don't get it and I'm tired of wasting my time talking to them.

 

It is kinda stale around here without Rev.......must have spent some of his HHG bucks and bought his own island. :lol:

Joymax, don't let em shake ya. Stick around, there are a lot of people that might be able to learn from you myself included. I been in the construction business for 7 years and am slowly working my way into a trucking business. I don't really know how to do a business plan but would be interested in learning. I know how to run my business and watch my money and look at what's profitable, but I always look to learn more.

 

The basics of running a business are the same, regardless of the type of business. You provide a service or sell a product at a price which will make a profit. You sell too cheap or fail to make a profit and you go bankrupt.

 

I'm not trying to rip Joymax, but if she automatically figures in, say, a 2% factoring charge before she bids on a load, she could be adding that 2% to the bottom line if she DIDN'T factor. Doesn't make sense to me.

OTOH- If she bids on a load with a regular customer and has a contractual agreement that a 2% factoring fee will be added to the invoice - that's a preety shrewd bargaining technique.
It isn't the case, however.

 

Dispatch_This,

Please re-read all of my post and you will see that I did not say that I add the factoring fee before I bid on the load. And yes, I'm a very shrewd business person that is why people are calling me to help them increase their profits and their cash flow.

People don't understand, I got paid six figure salaries for Fortune 500 companies to increase their profit and cash flow before I left Corporate America to start-up a trucking company. I don't have anything to prove to the people on this board, my balance sheet speaks for itself.

This is not about a cash flow issue, it's about convenience and the other services that are included in the factoring fee that I don't have to do and can focus on building my business to increase my profit even further for the long-term. I don't expect for some of the people on this board to understand because it's clear they are running for fuel money to keep their trucks moving. They have no long-term plan or a plan at all, they are only looking at the short-term.