Love truck driving and want to be your own boss? One option available is to own your truck and become an owner-operator instead of working for a trucking company. If the idea of working for yourself appeals to you, here are some pros and cons to consider.
The Pros of Being an Owner-Operator
One of the most obvious benefits of being an owner-operator is that you will essentially be your own boss and have the freedom to work exactly how you wish. This means you have the full power to make your schedule, choose your route, and pick clients you enjoy working with. You will never have to take a job you don’t want to and are able to pocket all of the profits. Additionally, you can purchase your own truck by purchasing one off the bat or by starting out with lease to own truck driving jobs. You have the ability to customize your semi as you wish.
The Cons of Being an Owner-Operator
While you will certainly have more freedom as an owner-operator compared to working for a trucking company, there is a lot more responsibility involved in owning your truck. Essentially, you are becoming a business owner who needs to handle the expenses of starting-up and continuing to run operations. You will need to ensure you are meeting compliance requirements and have all the required insurance. It will be up to you to find the clients you wish to work for and maintain a good relationship with them.
Becoming an owner-operator can be a good business choice for someone who has a full understanding of the trucking business. The initial costs of starting are high, so it is important to have the necessary funds. For drivers who’d rather hit the road without the stress of running a business, there are many benefits to being a company driver as well.