Home > Forum > Failing To Plan Leads To Vultures Picking The Meat Off Your Bones.

Failing to Plan leads to Vultures picking the meat off your bones.

Feb 06, 2017 at 09:11 PM CST
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You know back when I was a kid I remember Owner Operators saying that you needed $10,000 - $20,000 in cash reserves before even thinking about buying a truck to lease on to somebody with Now everybody thinks there is a short cut or fast track to doing this business. Maybe that is why so many fail. They quite simply fail to plan so in return their plan to start with is to fail. This makes a pleasant environment for the vultures to continue to prey upon. They will pick all the meat off of the bones and then move onto the next piece of prey on the highway.
Replied on Mon, Feb 06, 2017 at 09:50 PM CST
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Why the helll would anybody "lease on" theirs part of your problem right their, automatic going broke already....
Replied on Mon, Feb 06, 2017 at 09:59 PM CST
Originally Posted by: TROY JEFFERS
Quote: "Why the helll would anybody "lease on" theirs part of your problem right their, automatic going broke already...."

Forgot to tell those fellers were from back in the day when getting ones authority cost $100,000 or more, so being leased on at 70% was a good deal. It is still a good rule of thumb even today. I had $50,000 in reserves before getting my own authority, and I already owned my first truck.
Replied on Mon, Feb 06, 2017 at 10:02 PM CST
Originally Posted by: ALFRED JORDAN
Quote: "Forgot to tell those fellers were from back in the day when getting ones authority cost $100,000 or more, so being leased on at 70% was a good deal. It is still a good rule of thumb even today. I had $50,000 in reserves before getting my own authority, and I already owned my first truck."

That's more doe then I have ever had, plenty for a blown motor and two tanks of fuel, lol