Things Every New Owner Operator Should Know

No one needs to tell you that becoming a new owner operator is a big step.

Becoming a new owner operator and owning a big rig for the first time is exciting but filled with challenges and changes.

As a new owner operator, here are some things you need to keep in mind as you settle into your new career.

You’ll need to set your own schedule, manage your own finances, foster good relationships, and prepare for the worst.

You’re a Business Person Now

– Cost of the part – Cost of the repair – The cost of the part + the cost of the repair (labor) + downtime + payments on your truck

Calculate for the REAL Cost of Repairs

Calculate the REAL Cost of Fuel

There are hundreds of tips and tricks out there to improve your mpg. It’s best to turn these into good habits because the savings, in the long run, can be substantial.

Hire an Accountant

Accountants know how to maximize your deductions, create a realistic budget, categorize your expenses and save you thousands.

Finances

Money, money, money. It’s what makes or breaks a business. Managing your finances correctly will change whether you thrive or fail in your first year.

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