Pros and Cons of Being an Owner Operator

The Good, the Bad, and the Ugly

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1) Owner Operator 411 – Welcome
2) Income and Expenses
3) Financing and Credit
4) Operating Authority or Leasing?
5) Equipment
6) How To Do Bookkeeping and Other Necessary Paperwork
7) What You Need to Know About Loadboards
8) Companies That Lease Beginning Owner Operators
9) What You Actually Need to Get Started - Licenses, Permits, Insurance, and Taxes
10) Truck Driving Schools

Pros:

You are not tied down to a 9-5 job.

You can make a lot of your own decisions.

You can make a decent living.

You get to "be your own boss".

You get to see a lot of this beautiful ol' USA (and maybe Canada and Mexico).

Cons:

You are not working a 9-5 job.  You may put in 20 hours days.  You will go without sleep, food, and showers.  You will do a lot of sitting and waiting.  Waiting to get a load, waiting to get loaded, and waiting to get unloaded.

You will be gone from home - a lot.

You must make a lot of your own decisions:  Do I buy tires, or have the engine rebuilt?  Do I take this cheap a** load so I can get home, or do I sit out here in the boonies for 3 days waiting on a decent paying load?  If I wait on a decent paying load, how much am I going to lose by not working for 3 days?

You can make a decent living, if you work your butt off, but it is getting harder and harder to do.  Every day freight rates are cut and you are forced to haul for less money.  Rates are no higher than they were 20 years ago, and in many instances, they are lower.  Most of the money you make will go back into the truck.

You get to "be your own boss", with all the decisions, troubles, and headaches that come with being a business owner.

I would like for any current truck drivers who may be reading this to add to this list by making a comment.