Life is Different as an Owner Operator
In this Paper Transport, Inc. blog series about things to consider when becoming a Class A CDL owner operator, we covered a variety of topics from financing to research and taking stock of your skill set. They’re all important factors in deciding whether or not you want to be an owner op. However, the biggest question that you’ll need to ask yourself overall is:
Are you ready for a life change?
Each current and former owner operator we talked to said that you need to be – plus, you also need to be determined and ready to take on whatever comes your way. Here’s what they had to say:
At the end of the day remember, you could be an excellent driver, but that doesn’t always mean you would make a successful owner operator. There is just so much more involved that a lot of drivers don’t see or realize. The thing I cannot stress enough is patience. The first year or two is always the longest and hardest, staying disciplined and patient will go a long way. And never assume you’re done learning and you know it all. This is when mistakes can happen and major things can be missed or downplayed, all of which can really hurt you financially,” explained Jay Brockway, PTI Intermodal Owner Operator.
The change from company driver to owner op is fairly drastic. The owner op is responsible not only for the expenses and upkeep of his equipment, but also the business side of things such as taxes, health insurance, etc.,” said Jeremiah Carson, PTI Dedicated Regional Owner Operator.
The difference between a company driver and an owner operator is massive! First, there is the responsibility of the tractor. The monthly payment, insurance, licensing, and tolls. A company driver doesn’t have these burdens. Second, maintenance and breakdowns! The expense of maintenance and breakdowns can severely affect an owner operator’s bottom line … The trade-off is that a good Owner Operator can earn 4 to 5 times the earnings of a company driver. When I say a good Owner Operator, I mean one that maintains their equipment, is available to take loads every day. A driver that is responsible, safe, and reliable,” stated Bud Weber, PTI Intermodal Owner Operator
Tips for new owner operators are: work smart not hard, control your expenses, and have a financial plan where you are able to save money,” said Jesse Singh, PTI Intermodal Owner Operator.
After reading the Things to Consider Before Becoming an Owner Operator, do you think you’re ready to become an owner operator? Feeling good about your finances, your skills, the research you’ve done, and about a life change? If so, and if you’re interested in our program or simply have questions about it, please call our recruiting team at 1-855-784-5627, email them at email@example.com, or visit our owner operator page.