Keep doing what works for you. Its sounds like you have it figured out.

 

There are a couple of things you need in business....cash flow and profit. You can make it for a while with cash flow, but at some point you have to make a profit. I recall a case study about a company that was so successful that they went out of business. The had a great product, good customer relations and tremendous growth. They grew so fast that there receivables couldn't keep up. By the way, this isn't an isolated incident. When you use a factor you are not using up your line of credit which may be needed for capital expenditures, such as more equipment, repairs, or to get you through some slow times. I think I need to explain exactly what a factor can do for you. They do more than write you a check. They can be like your back office. They check credit, handle all billing and collections for you. They also assume all risk, if it is a non-recourse factor. They assume all risk and you have your money. It can be less expensive to pay a factor than an individual to do the same job. As a business grows, it becomes more critical to make sure billing is done and there is someone to stay on top of receivables. I am not saying that everyone should use a factor, but you need to understand both sides of this situation. You are not just giving up a percentage of the profits. You are also gaining something of value. If you are a one person operation, you can do these things yourself, but it will take time out of your running time. Running your authority requires you to find good paying loads, book them, pick it up, deliver, etc., You may get lucky, but as I stated previously, you will have some losses. It is inevitable. If you also do the billing, you may not know that you haven't received your money for 30-60 days or longer if you are on the road. Again, I am not saying that everyone should factor, but there are pros and cons to using them.

 

I have re-read your posts. And with all due respect, you would have better results if you more honest and forthright about touting your dispatch service.

http://www.joymaxtransportation.com/home

 

I wonder if they can factor my loads also?

 

Dipatch_This,

What are you talking about? Joymax Transportation does not have a dispatch service and to legally dispatch you have to have a broker's license and Joymax Transportation does not have a brokers license. And, no where does it say that we have a dispatch service. Also, our web site is not complete -- this is just a draft. I'm glad to see that I sparked some interest for you do some research. At one point we were thinking about starting a dispatch service but we did not get enough of a response to justify the cost. I have not been dishonest and I recent the fact that you don't know what hell you are talking about. You need to get all of the facts before you start accusing someone of being dishonest and not forthright.

 

Thanks GMAN,

Maybe now these people will have a clearer picture or maybe not. I really don't care.

 

Your right. It was wrong to call what you offer a dispatch service and I apologize.

From your website -

Owner Operators:

We offer knowledge base assistance to help you succeed in the transportation industry

Knowing & understanding your cost per mile (CPM)
Finding Loads
Getting your own authority
Leasing to a Carrier using your own truck

"Finding Loads" can be construed as a dispatch service and you DON'T need broker authority to provide it.

What really tweaks me is your O/O assistance program seems to be well meaning and above board, yet you come on this forum and call your potential customers "clueless and ignorant" among other things.

Perhaps you should apologize to the others here, then start from square one.

 

Dispatch_This,

Since you are in the business of checking up on people and blasting their web site without permission.......I see you are all over the internet, still we behind the ears, and have a lot learn about life and business. When you get a little older then we can continue our conversation......

http://dispatch-this.livejournal.com/profile
http://roundtable.truck.net/search.p...6bf8ee9e3c7d35

There were plenty more......but I will stop here.

 

THat livejournal.com link is a hoot! but it ain't me.

The other link is, in fact, me. I stand behind anything I post, anywhere. Bring it on.

 

Dispatch_This,

Instead of assuming you knew what I meant about "Owner Operator Assistance" with regard to "Finding Loads". You should have just asked me and I would have explained it to you. I provide this service free of charge to O/Os that want help in finding their own loads. These are people who are currently leased to a Carrier and are moving toward getting there own authority.

Do some more homework with the regards to the legality of dispatching a commercial truck for a fee. Yes, there are individuals providing dispatch service but if they don't have a broker's license then they are technically and by the law running an illegal operation. Since you like to do research.....check it out.

The people on this board are not my potential customers unless they are Shippers. Information to O/Os that I provide is a free service. I don't charge because I'm giving back. When I started in this business information was provided to me for free, so therefore, I'm passing it on along with some extras. My interest is for the people who really want to be successful in this business is to help them get there with no strings attached.

I call people names as they behave. I don't owe anyone an apology on this board. I was the one who got baggered and verbally attacked by some of the guys on this board, all because they did not understand why I sometimes use a factoring company. Maybe if their approach was different then maybe mine would have been different. Before you judge me check yourself first........