Blazo Gjorev – Gaining Experience as an Owner-Operator Truck Driver
Blazo Gjorev suggested that, if you want to get started in the owner-operator trucking business, there are a few things you should think about. Cost, rules, and insurance are some of these things. Read on to find out what the pros and cons of being an owner-operator are. And don’t forget to ask owners who have been in the field for advice before you decide to join. After all, it’s up to you to make sure that everyone on your plane and everything in it is safe.
Costs by Blazo Gjorev
You should budget for more than just the cost of running a trucking business. It is very important that you break down all of your expenses, including the costs of your truck and driving. The costs of running your business also include office costs and fees. Here are some ways to keep track of how much it costs to run a trucking business. After you know how much it costs to run your business, you can start working to make it more profitable.
Blazo Gjorev pointed out that, owner-operators spend the most money on fuel. On average, it costs between $50,000 and $75,000 per year. To figure out how much it costs you per mile, multiply your MPG by the price of gas and the number of miles you drive. You can also save money by buying a car that uses less gas and finding the “sweet spot” of the engine.
Benefits by Blazo Gjorev
Independent contractors have a lot of advantages, such as the freedom to choose their own hours and loads. Owner-operators can also choose the profile and quality of the tires on their trucks, while company drivers often “cheap out” by buying lower-quality tires in bulk. Many people become owner operators because they want the freedom that comes with it, such as more control over their business and the ability to pick the type of load they want to haul.
Owner-operators can offer both flexibility and predictability, depending on what the business needs. They can hire drivers when they need to, like when business is slow or when someone is sick or on vacation. Owner-operators can also take advantage of the many benefits that come with a 3PL network. In addition to giving drivers freedom, 3PL network owners can let drivers use their knowledge and experience to negotiate rates and routes.
Regulations by Blazo Gjorev
As an owner-operator, you need to know the rules set by the federal government and your state. Also, you should know the rules of the state you do business in, especially if you plan to do business in a state with a lot of people. Know what to expect during inspections, what to expect during Hours of Service, and what to do in case of an emergency. In the owner-operated trucking industry, rules are always being changed, so you need to know what they are.
As an owner-operator, you need to know what federal and state laws you need to follow to make sure your trucking business runs smoothly. First of all, you should know about the PRO Act. This law is meant to protect workers from unethical ways of doing their jobs. This act also applies to the business of owner-operated trucking, and it has some scary effects on this type of business. This bill is similar to California Assembly Bill 5 (AB5), but it has very specific rules for “gig workers” like owner-operators.
Insurance by Blazo Gjorev
Blazo Gjorev believes that, in the trucking industry, owner-operators may also need workers’ compensation insurance. On the other types of coverage to protect themselves from the costs of accidents and injuries. Even though motor carriers often have to have workers’ compensation insurance. Occupational accident insurance can be bought separately for less money. As a truck driver, you may have to deal with accidents and injuries on the job. Aside from liability insurance, owner-operators may also need extra coverage for things like state laws and the goods they haul.
Insurance for truck drivers who own their own trucks should be affordable. Before deciding on a policy, owner-operators should think about everything. For example, they should think about whether they will be running a long-haul operation or a local-radius operation. This will directly affect the kinds of insurance coverage they need. General liability insurance protects truckers from legal problems and mistakes that happen when delivering a load. On the other hand, primary liability coverage pays for damage to other people caused by the driver. While he or she is driving the truck.