What is the break even point for an owner operator?
#51
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Join Date: Jul 2008
Location: Nashville, TN
Posts: 321
Originally Posted by Orangetxguy
Since you have no desire to make a profit, you should send all income you receive to me, so that I may work less.
Other than that....GO HOME BOY.....YOU BOTHERED ME ! This whole thread is so far over your head it is funny. Heck, you didn't even understand the title. :lol:
#52
Originally Posted by charged
It appears that operating costs for a truck are about $1.29/mile.
Therefore, it seems to me that the owner operator in the first post has to do is figure how much it costs to pay for their needs or wants such as food, sirius, showers, insurance, retirement, house payments, etc. Then break those costs into monthly amounts and divide by the 8000 miles he runs monthly to find out how much he has to make per mile for his lifestyle. Maybe he decides he wants a new pool table and he can't get a better rate/mi? He'll have to run more miles. Some people have a paid for house and may not need to make as much as another. Some people have no kids and don't need to save for college or diapers. Some people have a spouse who may work and cover the health insurance. All of those situations allow some drivers to work for less and drive down rates because they're capitalist pigs. You simply cannot use a random figure for operating costs for all owner operators or independents. It won't work. You still need to include wages to get your actual operating costs.
#53
Originally Posted by Ridge Runner
I can rattle off 10 companies that will start you at around .35 cpm as a new guy with 0 exp
#54
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Join Date: Apr 2008
Location: rochester ny
Posts: 76
Why are you asking truck drivers to do accounting tasks? A good accountant can answer your questions and make you aware of operating expenses, fixed costs, tax issues, depreciation,and replacement costs. A good accountant will also discuss your type of business in regards to what you hope to acheive from it. Corporation, LLC, partnership, etc. Our accountant charges $150/hr. but the expense is well worth it for the exact info your looking to get. All of the responses you'll receive will vary because each company has different situations.[img][/img]
#55
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Join Date: Jul 2008
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Originally Posted by asdfghjkl
Why are you asking truck drivers to do accounting tasks? A good accountant can answer your questions and make you aware of operating expenses, fixed costs, tax issues, depreciation,and replacement costs. A good accountant will also discuss your type of business in regards to what you hope to acheive from it. Corporation, LLC, partnership, etc. Our accountant charges $150/hr. but the expense is well worth it for the exact info your looking to get. All of the responses you'll receive will vary because each company has different situations.[img][/img]
If I say 2+2=4 and you say that is wrong tell me why.
#56
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Originally Posted by rigidsporty
Originally Posted by Ridge Runner
I can rattle off 10 companies that will start you at around .35 cpm as a new guy with 0 exp
The only reason companies require newbies to graduate from an accredited school is due to insurance and liability reasons. The only reason most companies require two years experience is due to insurance reasons.
#57
Originally Posted by charged
If I say 2+2=4 and you say that is wrong tell me why.
#58
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Originally Posted by Rev.Vassago
Originally Posted by charged
If I say 2+2=4 and you say that is wrong tell me why. [a(2+2)+w] a=number of trucks w=wages
#59
Originally Posted by charged
Originally Posted by rigidsporty
Originally Posted by Ridge Runner
I can rattle off 10 companies that will start you at around .35 cpm as a new guy with 0 exp
The only reason companies require newbies to graduate from an accredited school is due to insurance and liability reasons. The only reason most companies require two years experience is due to insurance reasons. Bull Shit Wonderboy. Ain't nobody that good.
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#60
Originally Posted by charged
I know it is not the complete formula. It is the base formula.
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