Why You Will FAIL as an Owner Operator: THE REAL DEAL
Did you know that 55% Owner Operators will FAIL in the early stages of their career?
In this video, Ronen explains in detail what's behind this outrageous rate and what you can do to avoid these common mistakes when becoming an Owner Operator.
How have you been successful as an Owner Operator? Comment your tips and tricks below.
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Chapters:
00:00 Introduction
01:04 3 out of 10 owner-operators fail
02:51 The truck purchase was done wrong
03:22 The interest rates are too high
04:26 Compete for my commercial financing
05:28 The duration of the finance agreement was done wrong
07:52 Poor money management
08:42 Not enough money in reserves
11:40 Transition from company driver to owner-operator
12:24 Owner-operators have too much debt
13:28 Getting into problems with the law
13:49 Lack of experience
14:36 Not living within your means