• What’s important when buying a fleet?

    Nov. 3, 2014
    2 min read

    Please help me.  What are the 3-5 most important things you would tell someone thinking about buying their way into the trucking business? Why in the world is the T3—Technology Transforming Transportation™ guru asking a question like this?

    One of my activities is to be a business mentor for SCORE.  This morning, I am headed to a meeting with a new mentee that has an opportunity to purchase a small trucking company with 2 trucks.  I don’t know a lot more at this point.  I believe the company has been in business for a few years, has positive cash flow, and some assets in trucks and trailers.  The CSA and safety records are a question mark. 

    I expect one or more of you have been in this position in the past.  This is the American dream—to own your own business, perhaps employ others, be your own boss and travel the country.  Some of you have been successful at this type of endeavor and others have found it wasn’t their cup of java (do truck drivers drink tea?).  Let’s start a conversation.  Perhaps some of the programs to help the veterans with loans, driving licenses and such can be extended with your help through this conversation.

    About the Author

    Paul Menig

    CEO

    Paul Menig is the CEO of Business Accelerants, a consulting company focused on helping companies succeed by leveraging technology in their products and processes. 

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Operations

    Brakebush Transportation
    Brakebush Transportation was awarded the 2025 FleetOwner Private Fleet of the Year Award, sponsored by Descartes, for midsize operations.
    Members Only
    Leaders of Brakebush Transportation, a century-old family business, share some of their innovative strategies and deep commitments to drivers that earned their operation FleetOwner...
    Schneider
    schneider 90th anniversary
    Schneider hosted an anniversary event, honoring a legacy that began in 1935 and grew to 12,500 trucks today.
    346047 | Aaron Kohr | Dreamstime.com
    extending asset lifecycles
    By extending asset life cycles strategically, organizations can mitigate financial risks associated with fleet management while maintaining operational efficiency.