Why Owner Operators FAIL! | Don't Make These Mistakes!

Why do owner operators fail?

Join Ronen as he breaks down the most common mistakes owner operators make. Have you made any mistakes as an owner-op that weren't mentioned here? Share them in the comments so others can learn from your situation!

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00:00 Introduction
03:50 Failure Rates Among Owner Operators
04:35 Reason #1: Truck's Purchase Price Done Wrong
07:50 Reason #2: No Diesel or Battery APU Unit
13:26 Reason #3: Financing Not Done Correctly
21:05 Reason #4: Mindset Shift Overtime
22:42 Reason #5: No Guidance or Sense of Money Management
31:42 Reason #6: Not Taking Advantage of Corporations
42:25 Reason #7: Stupid Expenses
55:12 Final Thoughts

[cliffordsutton-cvvp]

I’m a truck driver that also wanted a pick up truck. So I bought one, $1500 and she’s mine, I’ve put another $3000 into it over the course of 3 years and she is almost done. I got my dream truck and no payment, great advice and awesome video!!!!

[uria]

Ronen, you are one of my favorite trucking Youtubers. The amount of good quality information you have for us is amazing. Can you give me just a rough estimate of how much you purchase your brand new tights for? I would like to get back into flat bedding

[habtamudesta]

Ronen, thanks for the information. You are i think the only owner of the trucking company that dedicates time to help others to be successful in their business .Thank you again. God bless you .

[Raw-Russ]

Thank you for the info! Also as you know, you make really good videos in general! I like your editing and effects as well keep it up you are KILLING IT!

[Jack-susz]

This has been an age old argument with friends of mine. At some point if your making less then x amount your better off as a company driver. 20 years ago to me $1500 as an owner operator locally. I seen guys grossing $1200 I told them hire on somewhere you have no insurance or retirement. You need to be hungry and have a work ethic. Volatile industry companies come and go. The stakes are getting hire the costs overhead is insane!

[lukep]

Thank you your topic I'm an older operator learn a lot about from you thank you for schooling me looking forward to talking to you in the future?❤

[dentman]

I'm a wholesaler of vehicles. I was shocked by how the guys driving car haulers make. The company I work with was paying large sign on bonuses. Of course that's when the car business was hot last year.

[matthewmassago]

I gonna say this again Proper Planning Prevents Piss Poor Perfomance failure to Plan is Planning to fail simple as that so do research move slowly and expect the unexpected and Account for all of it

[victormejia]

What would be the average milage for an owner operator to succeed 2000 miles a week or 3000 miles because at end we all have bills to pay.

[StoneColdStrah]

This isn't truck driving question...I'm looking for truck and coach apprentice I live in London Ontario I'm wondering what good companies would you recommend that's around London, KW or Sarnia?

[drtmcgurt]

How can I get in contact with your tax people? Thanks for all the great videos.

[ezegfrm]

Do you mentor women interested in being O/P that are not drivers??

[Mason-arc]

What are some of the terms when it comes to leasing on with you?

[garylonganecker]

Do u have company drivers or offer a lease

[felixacosta]

how do i get into crossborder transport from U.S to Mexico? and viceversa?

[BiggyMens]

What is the cost setting up s Corp I got a 7000 $ quote

[felixacosta]

can you provide me with the info of your accountant please

[renesanchez]

Do you hire americans for company driversm

[supermarioxs]

I could care less about a pick up truck …
It’s the pick up truck drivers that cut semi truck drivers off and brake check or slow down in front of them .
Why would I want a pick up truck hillbilly look when I can drive a Mercedes or Lexus and be classy not feel classy but be classy,
Come on man ….

[eddiewormsbacher]

Can you give us your email again. Thank you brothet