5 Things to Know Before You Become an Owner-Operator with No Experience
Written by Andrei Zakhareuski. With over 16 years of expertise, Andrei leads Driving-Tests.org, a top online resource for driver education. His leadership has established vital partnerships with over 2,600 libraries, educational bodies, and state agencies.
Becoming an owner-operator in trucking is a significant step. An owner-operator is a truck driver who owns or leases their truck, making them self-employed. They haul freight for trucking companies but are not their employees.
Understand the Lifestyle Change
Transitioning from a company driver to an owner-operator will significantly alter your lifestyle, with increased responsibilities that extend beyond your driving hours.
Choose the Right Carrier
Decide whether to stay with your current carrier or move to a new one that can offer the support and pay structure you need.
Decide on Your Business Structure
Research and choose whether to incorporate your business or operate as a sole proprietor based on what’s more advantageous for your situation.
Accept the Responsibility
Understand that as an owner-operator, you’re fully responsible for your truck—its maintenance, repairs, and the costs associated with any issues.
Prepare for Time Away From Home
Acknowledge the personal sacrifices required, particularly the time spent away from family, and ensure you have their understanding and support.
Is being an owner-operator hard?
Yes, owner-operators often work long hours and may be away from home for extended periods. They are paid by the load, not by the hour, and must manage their own expenses.
What’s it like to be an owner-operator?
Owner-operators handle every aspect of their trucking operation, from vehicle maintenance to finances. They must be adept in business management and adhere to all safety regulations.
How much does an owner-operator truck driver make?
Income for owner-operators varies widely. They make more than company drivers but also have to cover their own operational costs, like fuel and maintenance.
Do most owner-operators own or lease their trucks?
Many owner-operators lease their trucks, which can provide stability and ease the burden of maintenance and repairs.
What kind of people become owner-operators?
Owner-operators are typically experienced drivers, often older and married, who are ready to take on the challenge of running their own business.
Tip: To increase your chances of success as a new owner-operator, thorough research and preparation are key. Understand the commitment and be ready for the challenges ahead.
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