The main factors would be miles, rate, and overhead.
If you're a single O/O - it's less a matter of "paying yourself", in the beginning - than it is making your nut and keeping your truck running.
If you're not "leased on" to a carrier, then you're NOT getting a weekly settlement check - you're getting paid Net 30/60 or whatever agreement you have in your CONTRACT for each particular load. Want to get paid FASTER? Then either you're using your brokers "quick pay", or using a "factor" and paying a percentage of gross invoice to settle the invoice NOW - versus LATER (and if the billable party doesn't pay the FACTOR - it goes back to YOU for COLLECTIONS an you have to pay the FACTOR BACK). That's just the BILLING END of the business as an independent O/O.
Which means you can expect to need at least 30-90 Days of OPERATING EXPENSES to "front" your trucking business - until you accounts receivables pipelines is filled up and flowing to the point where you ARE making regular deposits into your operating account - keeping in mind that for the most part (unless you're factoring and giving up a %-age)
"Fleece Operators" get a decent portion of their weekly settlement set aside for a MAINTENANCE ESCROW ACCOUNT. While most folks whine about this, if properly managed (ie: they actually give you the unused portion BACK when you give the truck back), they really are doing YOU a favor. How'd ya like to blow both tires on a tandem side, and not have the $800-1,000 handy to have someone come out and replace them? Most folks factor maintenance into their calculations for OPERATING EXPENSES - but HOW MANY actually PUT THEM ASIDE for when (not IF) they have a mechanical emergency OTR? Personally - I'm PLANNING to open a separate bank account (Operating & Maintenance) and funding up to 10% of my WEEKLY GROSS into my MAINTENANCE ACCOUNT until I have about $10K in there - JUST IN CASE. A BROKEN TRUCK earns NO $$ - not having $$ to FIX A BROKEN TRUCK is just plain STUPID.
Pay a SALARY to myself? To pull this off (especially in the CURRENT ECONOMY) I hope to put the contents of my (soon to be finally foreclosed on) house in STORAGE or rent a room from a friend - and I'll be happy to be able to FEED MYSELF, pay my PERSONAL NECESSITIES (cell phone, wireless internet) the occasional massage (w/happy ending of course) and get a NEW BUSINESS OFF THE GROUND at the same time.
I DO NOT EXPECT to be able to support a wife, kids, household as a new O/O (OR COMPANY DRIVER) - unless living at POVERTY LEVEL is what my expectations look like. I DO EXPECT however, with HARD WORK, ATTENTION TO DETAIL, a GOOD ATTITUDE and SAFE/ECONOMICAL DRIVING HABITS - to have a BUSINESS OF MY OWN after a couple of years tat will PAY FOR ITSELF and kick me enough to be comfortable on the road, and to put away a few hundred a month towards getting a place of my own after a few years.
Rick
Expectation is the MOTHER OF RESENTMENT.
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