If you’re thinking about becoming an owner-operator Authentic
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skills, experience and mindset. There’s nothing quite like having your very own
owner-operated transportation business, but without the right qualifications
your business and overall success might be short lived. Take a lesson from
financial controller Dan Bell from
<"http:aberstar.caour-conversation-with-dan-bell-controller-at-aberstar-fast-freight">Aberstar Fast Freight[b] to learn more about what makes for a viable candidate as an owner operator.
Top Qualities
One of the best skills any business owner can have is to be able to take advice and direction from employees and
clients. Doing so allows team members and clients to feel as if they’re actually
part of your business and not just being used to build a business. It’s also
essential that you have ambition and be able to work by yourself. Another great
thing about having and showing initiative is that it can make it easier for you
to build and keep business relationships.
Be sure you sharpen your decision-making skills, as they’ll serve as an essential asset throughout your
entire career as a
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sound decision, you’ll also need to be a logical thinker and have the ability to
see a problem or solution from every angle.
Owner-operators should also be prepared to wear several hats to get their business off of the ground
and help make it grow. For instance, learn a few accounting skills so that you
know where, how and when to utilize your financial resources. It’s also
beneficial to learn about
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industry trends. There’s a lot to keep up with, but it’s the cost of being the
boss.
Money Matters
As you’re putting your business plan together, take a business accounting class, if at all possible. You may groan at
anything having to do with
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manage your businesses finances. According to Bell, you need to:
• Learn how to contain costs
• Remain professional
• Be patient
• Work as much as possible
• Take heed to dispatch
On a related note, becoming financially literate is another important quality in an oo. Learn more about the
financial underpinnings of different types of shipping, such as time critical
shipping and overnight shipping. Don’t just skim the surface when it comes to
the transport
industry Navy
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they originated.
Avoiding Common OO Pitfalls
It’s good to be aware of undesirable oo qualities and common pitfalls as you’re learning about
the better ones. After all, the only way to truly recognize the good is to be
aware of the bad. The very first thing you’ll want to avoid is thinking you’re
going to start making money the minute you launch your business. Just as it
takes time for a tree to grow after you plant it, the same is true of your
business as well as your profit.
Whenever you enter into a new business relationship, say with a company like Aberstar that sells freight
services Joey
Bosa Jersey , learn how the company operates. Learn how much of a
percentage you’ll receive as well as when you’ll receive your payment. Like any
industry, there are periods of feast and famine in transportation. One of the
reasons you’ll want to work whenever there’s work available no matter how tired
you might be is so you’ll have finances to carry you through the lean times.
Find out if there are any charges for using a company’s services, such as insurance, cross-border shipping or fuel cards. Determine whether those
service costs are worth
it Melvin
Gordon Jersey , if you have alternate options you can explore or if you
can do without those services. Remember that sometimes you’ve got to spend money
in order to make money.
Learn How Everything Breaks Down
Another reason to gain financial literacy is so you can better understand how your
payment breaks down. Know how much of a percentage you’ll receive for every load
you take, so that you won’t be shocked with you have a negative balance on your
remuneration date. Account for fuel and insurance to get a more realistic idea
of your final payment. A better way to look at your final remuneration is to
consider how much money you actually receive rather than how much you’re
paid.
While you’re at it, be sure you don’t forget about taxes, vehicle leasing Philip
Rivers Jersey , business registration, US Canada shipping and other extra
costs that can shave off even more on your profits. You’ll be better off
overestimating additional costs rather than underestimating them. It’s always
better to receive more than you thought you would rather than less.
Being an owner-operator takes a lot of time, effort and energy, but it can also be a satisfying career for the right person. Take Bell’s advice into
consideration and take your time when deciding whether or not you’d actually
like to become a small business owner.
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