I have a trucking company and everyone that i talk to that is in this line
of bussines is not happy. We have to deal with a ton of rules and
regulations (DOT, MTO, 48 States, 10 Provinces each one with their own
rules), stupid overpaid drivers (making $13-15 hundreed per week in their
pocket), wrecking your equipment, frying loads or tipping over trailer,
insurance companies ripping our shirts off (I pay about 15'000.00 per truck
per year, that's like 12-13 hundreed per month! and if you have a claim you
get kicked out! I'm a small company (5 trucks), the company is worth about
$600'000.00, with this kind of dough invested i make enough to pay all the
leaches out there (ripoff repairs-last year an engine cost me 22'000.00$;
tires at 300-600$ a pop; loans; insurance $6300.00 per month;
drivers-$24'000.00) so every month i make what? like $90'000.00, this is
ninety thousand dollars per month!!!, Now, I don't drink, I don't do drugs,
I don't drive a fancy car, I have 6 other people helping me with the
operations of the company, they don't steal from me (I know for sure as I
get paid with cheques and the accounting is independent-ha! another gi a
month! f....ing leach!).
My credit cards are maxed out all the time (I have an outstanding credit,
but f...ing stressfull), my bank account is constantly dry: 90 in 90 out...
What is that I am doing wrong?
I have my own mechanic (it saves me around 10 gis a month in road repairs as
oposed to previous years, and I have a good maintenace program)
Got my own warehouse (pays for itself) but I lease (can't come up with the
fricking down payment!)
I fired 4 employees last year to cut on salaries (now, the ones that are
left have more to do, so they have a full 8 hr days, so what?!, pay them
more...still saves me couple of gi's a week)
So why I can't get out of debt ( $400'000.00 and counting)?
If I sell my equipment I will pay off only part of what I owe and probably
end up with a debt of 50-60 grand (because the equipment is already
depreciated), at least now I have some cash flow...
Does anybody know what is there to do? Any good busines ideas, I don't
know...like a restaurant or a massage parlour...anything, just something.

The New Guy

I'm sure everybody here feels for you. I've heard the same from other
truckers and trucking outfits. PITA for sure. Hope you're not thinking of
boat building as a way to make some cash. You know what the boatbuilder
said he'd do with the money he'd won from the lottery? "I reckon I'll keep
on building boats until the money runs out."

Brian

PS: Sell the _business_, not the equipment. Income streams are worth far
more than capital equipment. Have your accountant make all the numbers
pretty, put on expensive clothing and show up in a nice car, then let some
other guy take on the hassles...shake his hand real nice like. Take your
money and buy into businesses that deal in addiction, e.g. liquor store or
cigarettes or both. No matter how bad the economy, people keep buying the
addictive stuff.

--
My boat project: http://www.advantagecomposites.com/tongass


"The new guy" wrote in message
le.rogers.com...
I have a trucking company and everyone that i talk to that is in this line
of bussines is not happy. We have to deal with a ton of rules and
regulations (DOT, MTO, 48 States, 10 Provinces each one with their own
rules), stupid overpaid drivers (making $13-15 hundreed per week in their
pocket), wrecking your equipment, frying loads or tipping over trailer,
insurance companies ripping our shirts off (I pay about 15'000.00 per
truck
per year, that's like 12-13 hundreed per month! and if you have a claim
you
get kicked out! I'm a small company (5 trucks), the company is worth
about
$600'000.00, with this kind of dough invested i make enough to pay all the
leaches out there (ripoff repairs-last year an engine cost me 22'000.00$;
tires at 300-600$ a pop; loans; insurance $6300.00 per month;
drivers-$24'000.00) so every month i make what? like $90'000.00, this is
ninety thousand dollars per month!!!, Now, I don't drink, I don't do
drugs,
I don't drive a fancy car, I have 6 other people helping me with the
operations of the company, they don't steal from me (I know for sure as I
get paid with cheques and the accounting is independent-ha! another gi a
month! f....ing leach!).
My credit cards are maxed out all the time (I have an outstanding credit,
but f...ing stressfull), my bank account is constantly dry: 90 in 90
out...
What is that I am doing wrong?
I have my own mechanic (it saves me around 10 gis a month in road repairs
as
oposed to previous years, and I have a good maintenace program)
Got my own warehouse (pays for itself) but I lease (can't come up with the
fricking down payment!)
I fired 4 employees last year to cut on salaries (now, the ones that are
left have more to do, so they have a full 8 hr days, so what?!, pay them
more...still saves me couple of gi's a week)
So why I can't get out of debt ( $400'000.00 and counting)?
If I sell my equipment I will pay off only part of what I owe and probably
end up with a debt of 50-60 grand (because the equipment is already
depreciated), at least now I have some cash flow...
Does anybody know what is there to do? Any good busines ideas, I don't
know...like a restaurant or a massage parlour...anything, just something.

The New Guy

"The new guy" wrote in message news:9jjsb.29602 Does anybody know what is there to do? Any good busines ideas, I don't
know...like a restaurant or a massage parlour...anything, just something.

The New Guy


Well, in our house we are of the opinion that if you gotta be broke,
you may as well be happy. Both of us work for ourselves and anyone who
has been by knows we are probably as broke as anyone but we always do
what we want, punch no clocks, play with the kids when we feel like
it... the trade off is we have not had a vacation in ten years, which
is also the average age of our cars.
Life is short, you gotta' do what you love, there can be no
compromise.
Sounds like you don't mind a little hard work, just gotta find
something more satisfying...
Scotty from SmallBoats.com

Sure, That is easy, just get into a business that has No rent, No insurance,
No employees, limited inventory! One that allows you to work when you want,
where you want, with who you want. One that pays you for your efforts and
has unlimited income potential. And Yes there is such a deal! If you would
like to know more, email me.

Bill Sheffield

Oh god...not Amway

Bill Sheffield wrote:
Sure, That is easy, just get into a business that has No rent, No insurance,
No employees, limited inventory! One that allows you to work when you want,
where you want, with who you want. One that pays you for your efforts and
has unlimited income potential. And Yes there is such a deal! If you would
like to know more, email me.

Bill Sheffield

Nope. Playtex Bras ... a lot more fun during the sale...

"stevej" wrote in message
...
Oh god...not Amway

Bill Sheffield wrote:
Sure, That is easy, just get into a business that has No rent, No
insurance,
No employees, limited inventory! One that allows you to work when you
want,
where you want, with who you want. One that pays you for your efforts
and
has unlimited income potential. And Yes there is such a deal! If you
would
like to know more, email me.

Bill Sheffield

No......It's Not

Bill
"stevej" wrote in message
...
Oh god...not Amway

Bill Sheffield wrote:
Sure, That is easy, just get into a business that has No rent, No
insurance,
No employees, limited inventory! One that allows you to work when you
want,
where you want, with who you want. One that pays you for your efforts
and
has unlimited income potential. And Yes there is such a deal! If you
would
like to know more, email me.

Bill Sheffield

But MLM....

"Bill Sheffield" wrote in message
...
No......It's Not

Bill
"stevej" wrote in message
...
Oh god...not Amway

I always thought that if you wanted to make money you had to have money.
If you have to borrow the money, then that decreases your chances of
making money because you have to service the debt which means others
are making money from your investment.
I think that many business's have an optimum size that they can operate
at or they are either so large that management loses control or so small
that they can't compete. I'm not sure what the optimum size for a
trucking business is but it probably depends on your market area. Mabey
the inefficiency of having employees is what is sucking you dry. What
about having ONE truck and One driver? (you)
Yours is a capital intensive business and a service business. You have
to have a lot of overhead just to provide the service which after being
performed, you get paid for only once. Compare that to say, a writer,
who writes his book, finds a publisher, and then collects royalties for
years...if he is lucky...even though he doesn't have to keep doing the
work. His only overhead is a computer. Or how about a salesman that once
he has sold an account, gets a percentage every time there is a
recurring sale.
Boat designers (and everything gets related to boats on this NG, doesn't
it?) try to cash in on this concept by designing boats and then charging
people everytime a plan is sold. Sure there are ongoing printing and
advertising and mabey consulting costs, but the major work is done. If
you have a design that everyone likes and you can charge enough for it,
it might be a good business. But like anything else it takes hard work,
talent, skill and luck.
One thing you could do is hire a manager to analyse your business and
implement changes. Have him work on a percentage basis. If he performs,
he makes more money, if he fails he is fired. He has to earn his keep as
do all employees. You will be freed to pursue other options because you
won't need to be watching everything all the time but many owners are
unable to let go and delegate things and so wind up miserable
and broke when they could have been miserable, broke, and building
boats.

The new guy wrote:
I have a trucking company and everyone that i talk to that is in this line
of bussines is not happy. We have to deal with a ton of rules and
regulations (DOT, MTO, 48 States, 10 Provinces each one with their own
rules), stupid overpaid drivers (making $13-15 hundreed per week in their
pocket), wrecking your equipment, frying loads or tipping over trailer,
insurance companies ripping our shirts off (I pay about 15'000.00 per truck
per year, that's like 12-13 hundreed per month! and if you have a claim you
get kicked out! I'm a small company (5 trucks), the company is worth about
$600'000.00, with this kind of dough invested i make enough to pay all the
leaches out there (ripoff repairs-last year an engine cost me 22'000.00$;
tires at 300-600$ a pop; loans; insurance $6300.00 per month;
drivers-$24'000.00) so every month i make what? like $90'000.00, this is
ninety thousand dollars per month!!!, Now, I don't drink, I don't do drugs,
I don't drive a fancy car, I have 6 other people helping me with the
operations of the company, they don't steal from me (I know for sure as I
get paid with cheques and the accounting is independent-ha! another gi a
month! f....ing leach!).
My credit cards are maxed out all the time (I have an outstanding credit,
but f...ing stressfull), my bank account is constantly dry: 90 in 90 out...
What is that I am doing wrong?
I have my own mechanic (it saves me around 10 gis a month in road repairs as
oposed to previous years, and I have a good maintenace program)
Got my own warehouse (pays for itself) but I lease (can't come up with the
fricking down payment!)
I fired 4 employees last year to cut on salaries (now, the ones that are
left have more to do, so they have a full 8 hr days, so what?!, pay them
more...still saves me couple of gi's a week)
So why I can't get out of debt ( $400'000.00 and counting)?
If I sell my equipment I will pay off only part of what I owe and probably
end up with a debt of 50-60 grand (because the equipment is already
depreciated), at least now I have some cash flow...
Does anybody know what is there to do? Any good busines ideas, I don't
know...like a restaurant or a massage parlour...anything, just something.

The New Guy

Thank you for the advise Steve. but I don't drive trucks (don't know how)
Before trucking I was involved in 4 different types of business's, all in
the service sector. On the first one I got shut down by a major competiror
who dumped the price of the service bellow my cost, I ended up loosing 15
thousand customers across the states and in less than a month almost went
bankrupt, as the customers left me with an outstanding receivable of close
to half a mil. So after I paid off all the creditors I had left less than
100 g's and invested in 2 different ventures (service as well), but they did
not take off, so I ended up selling them in the market for what I paid for
(my only profit was that I bought 2 houses and kept the mortgage payments
current for those years. Then with that money I ventured in trucking (BIG
MISTAKE). So I think maybe service is not the place to be, maybe I should
try manufacturing (but what?), see I have the trucks to deliver the product,
plus I have access to thousands of truckers as well, to whom I don't need to
pay for 30 days if I hire them for transporting. Maybe I should get into
buying and selling some products (but what?)...
My problem is that I have no time to do research during the day...my cell
phone bill comes in a book (30 pages), I spend hours a day on the phone
closing deals (arranging transportation). Most of the people that I deal
with are brokers or farmers or truckers...and all they know is this, what
they do, as they have been doing it for years...not me man, I'm getting fed
up.
Today I got lost in the city and drove into an upscale neighborhood....the
houses were like in the movies, I did not even knew that in my city there
are houses like that. So, why is that if I work as hard as I do, I can't
afford a place like that?


"stevej" wrote in message
...
I always thought that if you wanted to make money you had to have money.
If you have to borrow the money, then that decreases your chances of