Be Your Own Boss
If you are deciding whether or not to become your own boss as an owner-operator, consider the following benefits and challenges that come with this new job. Do a quick online search to find a recruiting agency or join an association to make sure you are working responsibly during this transition.
While there are many benefits to becoming an owner-operator, be sure to consider the various challenges that drivers have to face in this kind of work. The down payment alone will cost roughly $2000, and the truck itself will cost between $50,000 and $70,000. It is also up to you to take care of all necessary truck repairs, so make sure you have the proper funds to take on those kinds of expenses.
Next, you will need to pass a drivers test in order to receive your Commercial Drivers License (CDL). The test is generally issued by your driving agency or through the state, and can be tricky and time consuming. Finally, you should acquire a bit of legal and accounting knowledge so you do not overlook the small details that come along with owning your own business.
Fun fact: If you finance your truck and equipment through Crossroads you get access to free legal/industry knowledge, and updates because we are INDUSTRY EXPERTS, and we are here to support your success!
Even with the many challenges that owner-operators face, there are also several benefits to becoming your own boss. Consider the fact that truck driving has become invaluable in an age where everything is delivered to our doorsteps. As a truck driver, you get to set your own schedule and choose your own routes on a daily basis. Finally, depending on your effort and hard work, you could be making close to six figures during your travels.
Be sure to weigh the pros and cons of becoming an owner-operator carefully, before taking to the road. While the idea of becoming your own boss may be intimidating, don’t forget that there are many benefits involved in setting your own schedule, and working at your own pace. For questions or for more information, contact Crossroads Equipment Lease and Finance, LLC at www.crlease.com/inventory.