Last Updated on December 13, 2023 by Asfa Rasheed
Are you considering a trucking career? If so, you should understand what an owner-operator job is and research the advantages and risks of this route. Becoming an owner operator is more than just buying a truck – it’s a major financial decision so it’s important to be sure it’s the right move for you. Additionally, you must learn how to get a TWIC Card for trucking, as this is a crucial step when taking the owner-operator job path. Ultimately, exploring this opportunity is worthwhile as it can offer some great perks, but do your due diligence so that you understand all the implications before getting started.
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Freedom of Decision Making
One of the most major advantages of owning a truck and working as an operator-owner is the freedom to create your own work timings and schedule, as well as select which companies and/or independent contractors you would like to work with. Thus, it gives you the autonomy you deserve to rule your own life and plan your work according to your life commitments and/or health-related issues.
The ability to balance your profession and life becomes easier and smoother when you get to decide when and how much you want to work. You become eligible to design your worksite, including taking trips across the country to check out places and meet up with family and friends.
Furthermore, when you own a truck all by yourself, you’re rest assured that neither you nor your vehicle will be subjected to any mess left behind by any previous driver, unlike in shared truck settings. This serves as an added advantage as you will always know what comes with driving your truck and won’t have to allure any uninvited surprises.
Negotiating fares and scheduling shipments
As an experienced truck driver, you can use your expertise to stay ahead of the game. You know how to accurately estimate costs for each haul and keep your loading time minimal. In addition, your superior driving skills allow you to command the proper rate for your services. As a truck owner/operator, you have the freedom to determine when and where your next job will take place, which enables you to strategically plan out a series of hauls to best fit your personal needs. Moreover, you can enjoy peace of mind knowing that your hard work pays off; owner-operators typically get paid significantly more per mile than company drivers.
Tax savings
As an owner-operator, I have numerous benefits that can help me save on taxes. For instance, I can receive per diem payments for meals and other travel costs. Additionally, I am eligible for various other business-related deductions such as bank fees, costs for depreciating my property, as well as maintenance and repair expenses. All of these costs can be used for tax deductions which necessitates careful record-keeping and accounting.
The pride of owning your own vehicle
The opportunity to own your own trucking business as a professional owner-operator is truly exhilarating. Not only is it a significant financial investment, it can also prove to be very rewarding on a personal level. You will have the chance to build your own confidence and gain autonomy over your business.
Naturally, such ownership requires you to pay for all associated expenses from fuel to maintenance should your truck require it. But, though it may seem like a heavy burden and unwelcome responsibility, the sense of pride and accomplishment in this type of business venture is ultimately incomparable. Every day, you will be reminded of the freedom and flexibility that your investment has provided you with.
The demand for drivers is high
Now is a great time to jump into the trucking industry and become an owner-operator. The demand for drivers continues to increase as the driver shortage worsens, creating job stability and strong financial growth potential. Companies such as HMD Trucking are handing out more and more jobs as they strive to fill the gap and deliver their products. With high trucking rates due to the lack of drivers, now is the perfect opportunity to establish yourself as an owner-operator and help make a difference in the lives of many by providing an essential service. Working in the trucking industry enables you to explore the wonders of the open road, as well as build your business and take it to the next level!
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