It’s no secret that being an owner-operator is very hard. Truckers have enough challenges to face on their own. To also have to face the challenges that come with being a business owner makes this even tougher. However, there are ways to ensure your success as an owner-operator. Here’s how to succeed in the trucking business by yourself.
Make Sure Your Paperwork is in Order
The hardest part of being an owner-operator is probably staying on top of the paperwork you need to do. Not only do you need to know which filings you need, but you also need to know when you need to submit them. As an owner-operator, you’ll need to register their businesses, get a USDOT number, designate a BOC-3 agent, and so much more. These filings of questions pile up quickly for owner-operators, but this paperwork is the backbone of your company, so make sure you stay on top of it. That’s why it’s a great idea to get in touch with a reputable filing agency to help you get everything you need to succeed.
Get Excellent Owner-Operator Insurance Coverage
Insurance is incredibly important for any trucker. For owner-operators, it might be even more important! Good insurance keeps your business safe in the event of an accident, and if your business is just you, then it will keep your whole livelihood safe. The right insurance coverage for your business varies based on what kinds of loads you haul and how far you travel. For more information, check out our page on owner-operator insurance policies.
Watch the Load Boards Like a Hawk
Load boards are a key part of life as an owner-operator. This is where you’ll find your work, as freight companies will post available loads and wait for carriers to pick them up. Many companies have a person dedicated to watching these boards to find the best hauling rates. If you’re an owner-operator, you’ll need to watch these boards closely. Pay attention to overall trends in rates and postings, as they can give you an idea of which companies to work with and when the rates are the best.
Success as an Owner-Operator is About What You Put Into It
Just like in life, you’ll ultimately get what you put into being an owner-operator. If you work hard and stick to it, you can succeed in this world. Yes, it will take a lot of work and it won’t always be perfect. However, the freedom and flexibility of being an owner-operator are unrivaled. So, if you’re ready to work hard for what you want, get to driving!