QuestionQUESTION: can i make a profit if a buy a truck and hire a truck driver??
If I get paid by load not by miles
ANSWER: Luis, the short answer is maybe.
It's no different than any other business, if your sales exceed your costs you can make a profit.
You need a business plan that answers the questions, what is my top line sales dollars and what are ALL of my costs, not just what I paid for the truck and what I pay the driver. It doesn't matter how you arrive at the dollars; by mile or by the load, as long as the sales dollars after all costs are accounted for is a positive number big enough to cover your risk.
The real answer in this economy is it will be tough but not impossible to turn a profit with one truck.
Best of luck. Jim.
---------- FOLLOW-UP ----------
QUESTION: Thanks Jim for the quick answer; my goal is to have more than one truck but I have to try with the first,
can you send me the hidden cost of truck operating? and like I told you I'm planning to hire drivers
AnswerLuis, if you really want to do your homework, start here:
http://www.commercialcarrieruniversity.com/index.shtml
Succession Planning Financial Statements Business Plans
Life-Cycle Costs Manage Cash Flow Driver Recruitment
Each of the tabs has several chapters of information that should help you in getting your business going in the right direction.
Hope this helps.
Jim.