One of the major benefits of working in the trucking industry is the versatility of the trucking jobs currently available. Owner-operators are self-employed truckers that can choose to enter short- or long-term agreements with firms and carriers, allowing for even greater job freedom and advancement. Understanding the pros and cons of becoming an owner-operator can help you determine if this career path is the right one for you.
Get Experience First
If you are just starting out in the trucking industry, becoming an owner-operator can be challenging. Most owner-operators advise working as a company driver for at least a year before striking out on your own, as this experience will teach you more about how to manage your time and your truck under the tutelage of those who are more experienced.
Spend Your Money Wisely
As an owner-operator, you are your own boss. While this means you can obtain a higher pay rate, you’ll also need to consider the costs of employing yourself. Regardless of whether you rent or buy your truck, you can expect to make payments on it for a period of time. You’ll also need to purchase gas, pay for upkeep and repairs on your truck, and manage your other business expenses. Keeping track of your cash inflow and outflow can be challenging, but is one of the most important tasks for an owner-operator to perform to ensure he is successful over the long term.
Whether you’d like to become an owner-operator or work as an employee for a trucking firm, Phoenix Truck Driving Institute can help you realize your dream. Our CDL school offers the training and experience you need to obtain your CDL and choose the best trucking industry career for your needs. We invite you to take a look through our website for additional information about our CDL courses and financial aid information, or contact us by phone at (877) 205-5372 to speak with a staff member today.