Becoming an owner-operator may seem more enjoyable than working for a company or under a dispatcher. However, owner-operators work harder each day and have more responsibility since they own their own trucking business. Every decision they make affects their business.
Below is a list of pros and cons of becoming an owner-operator.
Owner-Operator Pros
Freedom
As an owner-operator, you can make your own decisions, including which loads you want to take, who you work with, and how often you work. You do not get this luxury when working for a large trucking company. Making your own decisions has many advantages and helps keep you in control.
Flexibility
Since you can be more independent, you have the flexibility to work on your own terms. Make your own schedule so you can be home when you want. While you get to make your own schedule, you will have to consider the demands of shipments to ensure you are making revenue. You must be disciplined because you must be able to depend on yourself to get things done.
Successful
Since you make your own schedule and run when you want, owner-operators tend to make more money than drivers who work with a company. When you own your own truck, contract shipments, and deliver loads, you are completely controlling your business. It is your responsibility, and you collect the profits.
Owner-Operator Cons
Time
If you are working long hours under a dispatcher, that will not change as an owner-operator. Owner-operators tend to work more hours than company drivers because they have more workloads to cover. Owner-operators must maintain their truck, set up contracts, and haul the freight – therefore, you do not get a lot of downtimes.
Responsibility
While you get to oversee your own business – it can come with some downfalls as you are responsible for any mistakes you make. Owner-operators must be proactive and pay close attention to any new regulation changes if they want to succeed.
Stress
Starting off can be a little stressful when trying to book loads until you get a good name for yourself. It can be stressful to book loads but trying to come up with the funding you need to successfully run your own business plays a huge role in stress factors. As an owner-operator, you must consistently network and build your own brand to be considered a reliable source of hauling freight.
Business Startup costs
Starting your own trucking business can be expensive, just like any other business. While there are financing options available, it can still be tough.
Lease with Americas Best Trucking
Once you have weighed out the pros and cons of becoming an owner-operator and still feel running your own trucking business is your calling – America's Best Trucking is looking for you! If you are ready to become an owner-operator, fill out our online application form today!
