Trucking How To Become An Independent Owner Operator

Tags: Trucking

Trucking Business Success - Understanding The Business Of Trucking And Developing The Knowledge And Skills To Succeed!

Last updated 2022-01-10 | 3.3

- How to build a successful and efficient business with a single truck as an independent owner operator.
- Develop goals and plans for success before you start
- Understand fundamental regulatory requirements

What you'll learn

How to build a successful and efficient business with a single truck as an independent owner operator.
Develop goals and plans for success before you start
Understand fundamental regulatory requirements
Considerations in choosing the right name for your company
Business entity choices and other related issues to consider
How to get loads and load selection considerations
Start building your customer database immediately and manage it effectively
How and why so many others fail and how to avoid following them
How to continue your trucking business education and how to get additional resources and support all along the way

* Requirements

* No prerequisites. Anyone interested can take this course at anytime - However I HIGHLY RECOMMEND at least a good solid year as a company driver before actually becoming an owner operator. This course is intended for people who plan to become actual INDEPENDENT owner operators - not lease drivers or independent contractors
* though all are welcome to take the course it is geared to those who will obtain their own authority and start their own company
* get their own freight and make their own decisions. People who are willing to accept the risk and the responsibility in order to get the bigger rewards that come with being a successful independent owner operator.

Description

To be an independent owner operator it is necessary to be a good driver - but to be a successful owner operator you will need much more than that.

You must master the essential things that are necessary to run an efficient trucking business - and that is where far too many fall so short. Their dreams fade quickly into nightmares that often end in complete failure. Then broken, disillusioned and financially broke - or worse - deeper in debt, they return to driving for someone else as a company driver. Not by choice but out of desperation to survive. That is tragic.

Instead I strongly suggest that you stack the odds in your favor instead of against you by learning what you need to know before you even get started!

This course will walk you through all the key things you need to know including a complete overview of the business of trucking and some of the many options that are available to you. You will also learn how to get access to additional information, resources and support that can help you build your own trucking business successfully.

We will cover the basics of how to choose your business entity type, company name, getting your authority, regulatory considerations, risk management, freight acquisition, planning, management, customer relationship building and additional revenue and profit considerations as you grow your business.

Trucking is a fascinating and complicated business. No single course, book or manual can ever provide you with every detail you need to know - and neither will this course. But it will give you a very good start in the right direction and the ability to continue your training and education as you build your business. You will know where and how to get the regulatory information that you need, and that frequently changes. You will also have a good basic understanding of the other key areas you need to understand in order to build your business the right way while avoiding the many common mistakes others repeatedly make. 

Who this course is for:

  • Truck drivers, potential truck driver, and other people interested in becoming successful independent owner operators.

Course content

6 sections • 44 lectures

Introduction Preview 01:46

Key Points For Section 1 Preview 00:55

Why You Should Become an Independent Owner Operator Instead of a Lease Driver Preview 02:35

What You Must Know to Be Successful Preview 01:36

How to Come Up With The Cash to Start Your Company Debt Free Preview 01:41

Build Reserve Funds - Then Maintain Them Preview 03:54

Deciding on Your Company Name and How It Matters Preview 02:08

Obtaining Insurance - Get The Right Insurance Lined Up First! Preview 04:26

Choose Your Goals and Come Up With Your Plan Preview 02:17

How to Set Up Your Company Preview 01:30

Getting Your DOT Number and Your Authority to Operate Preview 01:15

Selecting, Evaluating and Buying Your First Truck Preview 02:12

Finding and Buying the Right Trailer Preview 02:22

Key Points For Section 2 Preview 00:41

Understanding Rates and Setting Prices and Dealing With the Market Preview 04:02

Load Boards - Benefits and Disadvantages Preview 03:31

When to Use Load Boards Preview 01:32

Getting Your Own Customers Direct Preview 02:57

Freight Factoring - What It is and When To Use It Preview 03:17

Getting Your Money - Billing and Collections Preview 03:33

Accounting Methods and Systems Preview 02:36

How to Get Help and When You Should Preview 03:15

Key Points For Section 3 Preview 00:29

Choosing a Good Cell Plan Preview 02:25

How to Use WiFi and Your Own Mobile Hotspot to Access Systems and Information Preview 04:55

Load Management and Dispatch Software Preview 03:02

Your Online Presence - Start With Your Own Site Preview 01:57

Using Voicemail and Email Effectively Preview 02:16

Task Management Systems and Options Preview 03:16

Cameras and When You Should and Should NOT Use Them! Preview 05:15

Key Points For Section 4 Preview 00:20

Choosing the Best Loads For Your Company Preview 02:19

Highly Efficient Trip Planning Preview 01:50

Become a Rolling Recruiter and Trainer - How and Why Preview 01:20

Master the Art of Recruiting and Build a Contact Management System Now Preview 01:32

Introduction to Freight Brokerage - Why You May Want to Consider It Soon... Preview 02:17

If You Can Run Your Business Successfully Then You Can Run Your Own Fleet Preview 01:27

Bigger Than That Even - Choosing Your Ultimate Goals Preview 02:34

Beyond Trucking - Now That You are an Entrepreneur Consider This... Preview 03:37

Course Summary and Closing Remarks Preview 01:32

Final Considerations Preview 01:32

Bonus Resources Preview 00:10

Research Project

This short exercise will take you to some key resources you will need to become very familiar with as you build your Trucking Business.

Understanding How You Will Be Paid and When Preview 03:31

This lecture was originally published as a duplicate in error - so it has been removed from active lectures and placed in archive. One of my students was kind enough to send me a message letting me know - which I greatly appreciate - and I will be thanking that student privately along with offering a coupon to a free course just as my way of saying I really do appreciate the help.