Why Trucking Businesses Fail Ep. 2 (Freight Market)
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- เผยแพร่เมื่อ 6 ต.ค. 2024
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What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
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The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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My dude. God blessed u with the ability to convey, calm, concise knowledge to ALL people. I am subscribed and i rock with ya energy. Real recognize. Salute. Keep'em coming.. ( Lease op thru prime. 2&1/2 in and have $15600 in the bank. Ill be the authority-dispatch-broker-customer model this summer sir...(2&1/2 months i meant to say)
You are such a good teacher! You are answering most of the questions I couldn't even formulate in my mind on how to go about the business! I can see you teaching more on a larger scale! Great videos! You have a new follower!
Bro. I payed more than 700 bucks in dispatching logistic course and was given 30 mins access to their load board. God bless your generous genuine heart to help. Your informations are straight forward and gold.keep being yourself. Im sub.
Hey 700$ only 30 min access. Hell it will take longer then that just to understand the new language. Do you think it was worth it and do you feel comfortable to start dispatching?
I'm subscribing now. I have been studying the industry for the past month and have consulted a few owners. The failed ones will tell you the important stuff you don't wanna hear. The successful ones won't tell you much but brag. So thank you David for your honesty.
Basically the successful ones who you’ve encountered want you to learn the hard way or to close you off from information so that it’s less competition for them while maintaining access to top profit. Smfh if that’s the case.
This guy speaks the truth !! Keep up the good vids man 👍
Hey I’m 19 looking to start a trucking business down the line and I’m finding your channel very helpful man
This is the biggest golden nugget you could give to anyone thinking of getting in the trucking business. Thank you
Wow! This video is on point! Goes perfectly with a comment I made on another video of yours... people think it's so simple because so many people advertising quick money.. work from home.. become a dispatcher or broker. More people need to speak the truth. Doesn't mean people shouldn't get into the industry, but definitely don't think its simple... and educate yourself! Love your videos!
People like you give me so much hope and encouragement to go get my bag in this business. I’ve been researching a lot about the industry and your videos are gold!!
You know you enjoy the trucking industry when a truck pulls behind you and you cant stop looking at it. Awesome work bro. Thanks for all the info.
Thank you soo much! I’m so intrigued and excited for this new adventure. I’m currently still researching, but still lost. Your videos are very informative and straight to the point.
Thank you my brotha I’m happy I found you. Big blessings coming your way
You get a A+ in my book BRO.
if you dont understand the load board, learn it. it doesn't mean that trucking isn't for you. every profession has a learning curve. now if you don't understand it after being trained on it then yes i agree, maybe trucking isn't for you in that case.
That's a smart suggesting that you have given it's a great thingI would like to see the drivers who want to own a trucking business drive first to know what their drivers are any be getting into
Thank you very much...this, as is all your videos, are full-on good information...You are helping many...😊
All of your videos are very informative.
Thank you for your time you give us.
Good video keep them coming
Nice video.Thank you for sharing your knowledge .
Im goin to start my own truck business in Malaysia.
Wish me luck.
Thanks for your insight
Brother you're a blessing thanks God bless you with the infos you're providing us is literally golden the big book give you shall receive and I know my will blew and make you prosper
I am only interested in this because, God tells me my Dad needs help to make his dream of starting a trucking company come true, or it won't be the best outcome. He is very busy driving and trying to save up for his truck, and don't have the patience, time or even the knowledge to sit down. He is VERY HARDWORKING and I will NEVER knock that. I just think he's trying to find the easy way out, and if I can help him, while I work on my profession ( film ), I think I have done a good deed. Bankruptcy sounds scary, and I don't want that for him. ( Even though he'll make it back up eventually cause he works hard )
This is so my husband and I know he can do it. But I think I’m the backbone to the completion
Good morning great information
lot of people buying trucks and getting destroyed. like joining the army and going to war but never trained.
Bruh you 💯 percent correct
Awesome content. I really appreciate it! Please keep it coming.
Do these folks that are asking this question have a CDL? Driving a company truck is a great way to find out if you even want to be bothered with owning one.
I agree that driving for a company is a great way to learn. I’m not sure what % of the people asking have their CDL tho.
I saw this a bit late! Great advice. I wish I knew the truck was the easy part before I bought one lol
Appreciate all the insight, continue to show the love bro.. by the the way if you can give a video on how to develop relationships with the customers directly getting rid of all the middle men
Good morning my good brother.good info this morning
im a 20+ yr. trker, and am being forced down the owner operator path, was thinkin bout gettin a straight truck and runnin it intrastate, since i got so many yrs. exp., i know were to sell my product, but that vid on $2000 a mon. insurance cost! has me rethinking!?!?!
Very helpful Miguel
good wisdom! it may seem obvious to you but to the novice what specifically will one need to type in the google search in order to find the info you mentioned? what is your knowledge background in trucking, how did you get started and what made you of trucking for starting a new biz?
Thank you for sharing your knowledge and your experience. God bless you 🙏very informative.
You are very informative my brother thanks a lot God bless you .
So very true bro
People getting into the business don't realize that money doesn't come over night. It takes time to build relationships with companies. We have been in the trucking business for three years and still learning something new everyday.
Thank you sir for the eye opening and educational information.
You forgot to tell the viewers that it’s a demo account and it doesn’t show how much the load is paying or the shippers contact info. The Dat demo load board sucks and you know that. But Your affiliate sales pitch was very good though.
Where can I find the best load boards for my area.......ok, you just answered it, thanks David.
Preach 💯🔥
Damn good video bro 💪🏿
Part 3
TRUCKING BUSINESS MODEL BLUEPRINT:
Learn the 8 ways to start a trucking business and see which way best fits you as an owner.
bit.ly/2TstPfZ
David, load boards are only good for Semi trucking. What about dump trucks, other than visiting sites. How can you find work?
Man, I should have listened to this video before buying a truck. Ended up buying a truck with a much too powerful motor for what we need...
great advise !! Thank you !!
Smart enough to purchase a truck 330,000 pounds. Turbo gone out.
$10,200 Plus $900 in towing
Got my 30k back. Do I continue or stop?
Rates sky high now, but what goes up, must come down
Don't understand what you're saying?
All facts brother ✊🏾
Very helpful
Thanks Bro, This helpful
Some can't manage money
ALL REAL TALK
For those wanting to try those free 30 days of DAT usage… you have to already have a DOT number. It sucks that you first need that number before checking to see if your area is worth trucking from. 😞
Just enter 1234567 as the DOT number
Hi David, where did you buy your truck that mentioned for 13k.
Information from a Drivers perspective would be helpful. Thank you.
Sorry but I’m not a driver
330,000 miles
buying a truck maybe easy for some people, however i would like to differ here in that, many people don't have the money to buy a truck and would find this part a difficult task to accomplish.
Awesome!!!!!!
Thank You💜🖤💜
What are the benefits of leasing on for an athority? And is it possible to save big on insurance by putting your own truck on the same companies insurance policy?
Is it possible to just get your own authority, and do your own dispatch and get your own loads off the load board but use only owner operators to run your loads and not need to spend money to buy a truck..(Pros and cons of this option? )
Being a drugdriver opp truckdriver it easy , this is my advice , if u dont wanna headache work for company , if u want make more but headache then get a truck be your own boss ,
*TRUCKING FROM SCRATCH*
Check out my tools + resources designed to help your business succeed:
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How do I Evaluate a 3PL to learn if they are good , what should I look for ?
We need truck and authority just to even take a look lol👀
How different would your business model be for owning 3 or 4 expediting Sprinter Vans? Owner operator w Athority with a USDOT number. I would love to get some of your clever insight on this.
That's what happened to me.
David do you suggest I get a dino test and a level 3 test before I purchase a truck?
what is the best GPS tracking to add on a truck?
Should I truly believe you have a trucking business? Because I do believe by about 70% but I feel like maybe this channel is a divergent to one of your consultation business or something. Can you please reply to me proving to me that you have a trucking business. I do love watching your videos, they give me confidence for my possible trucking business.
Thanks for your comment, but I’m not trying to prove anything to anyone. My channel isn’t about confidence; it’s about step by step. Best of luck in your possible business.
@@TruckingFromScratch No for sure! I’m not trying to be offensive or anything, just want to make sure of that sir. I’ve watched almost all of your videos, I do have one concern when it comes to trucking business. Is there a way for me to make sure my drivers are not taking advantage of getting paid by the mile? Let’s say for example, they take longer routes to get more mileage. I was thinking maybe having a better way to pay to stray away from that, but it is a little complicated.
How do you get your own authority and how do you set yourself up with a broker.
FMCSA to get your authority each 1 costs 300
I just watched your ep 2 on Why Trucking Businesses Fail, I am thinking of getting my own authority, but I was wondering if the link is still available to the load board?
Yes it’s in the description
@@TruckingFromScratch I should have about the free load broad!
lazy for real.... microwave generation......roll your sleeves up and go to work.
100
So are load boards like DAT and truck stop are they brokers that already got ahold of some of the money befor they posted it on that board
Yes
no link
It’s in my description
Which pays more as an owner operator percentage lds or paid by mileage?? Thanks for input McGill.. PEPS
Percentage pays more than mileage
Lol I saw this message too late
My friend told me that he got business from app truckstop.com
How do I get your email address? You are such a great teacher and Would love to communicate
That's bad advice. The way I see you new drivers out here you need that expierence.
Learn the freight market is bad advice?
Tell them to spend five and ten years out on the road as a company driver first before they even think about being a owner operator
I don’t necessarily agree with that though. Someone could spend 10 years as a company driver & still not understand the freight market bc company drivers don’t have to find & analyze loads.
@@TruckingFromScratch that's fine but as a 30-year veteran even as a company driver I've got my own loads to Brokers load boards excetera excetera and you're right even people out here that long still don't get it sometimes but I still think the experience is a heck of a lot better than going out there with I guess cold feet and finding out the hard way
That’s horrible advice. No one takes 5-10 years to open any business
Not true. I drove 3 years as company then got my own authority. I didnt know about rates but i had an idea how i wanted to run. Its common sense guys. Low overhead, and adapt quick. Alot of trial and error
Awesome video man, appreciate it! I think iv seen about all your videos, huge help!