Key insights
Operational strategies and growth plans
- 📅Using technology like TMS can streamline scheduling and calendar work for a trucking business.
- 🚚”Having drivers with more than two years of experience is a hundred percent needed for your trucking business.”
- 📈The goal is to scale the business by acquiring more reefers and flatbeds, as they are the most profitable freight options.
- 💰Paying truck drivers well can result in them making up to $2800-3200 a week, making it a lucrative job opportunity.
- 🥔The importance of finding a reliable and knowledgeable mechanic, as one issue with the reefer led to multiple breakdowns and almost resulted in a significant loss.
- 💰Ambitious plans for the next five years include expanding the trucking business and aiming for a revenue of 25-30 million.
Entrepreneurial mindset and success
- 🚚Mikael’s goal of having 10,000 trucks shows his ambitious and big-thinking mindset for his trucking business.
- 👨💼At 19, Mikael’s success in the trucking business challenges the idea that experience is always necessary for entrepreneurship.
- 💰The 19-year-old entrepreneur spends nothing on advertising, utilizing free platforms like Facebook, Instagram, and TikTok to promote his trucking business and even recruit drivers.
- 🚚Starting a trucking business at 19 and flying a plane at 17 – impressive and inspiring!
- 🚚”I think a thousand trucks is like my main goal… having like 10,000 trucks, total.”
Financial considerations and investment
- 💰Insurance is the most expensive thing you’re gonna buy all year when starting a trucking business, costing around $100,000 a year for four trucks and four trailers.
- 📈The initial investment in starting a trucking business can be recouped in a relatively short amount of time, with the potential for rapid growth.
- 💰The value of the truck increased from 32,000 to over 89,000, showing the potential for a great investment in the trucking business.
- 💰Mikael reinvests almost 100% of the revenue back into the business to expand the fleet and hire more drivers.
A 19-year-old entrepreneur started a successful trucking business from scratch, emphasizing the importance of maintenance, customer acquisition, and building strong relationships with brokers, and plans for significant revenue growth in the next five years.
- 00:00 🚚 19-year-old Mikael Sant started a successful trucking business from scratch, quickly growing it to a million-dollar company with five trucks in operation and plans for expansion.
- 19-year-old Mikael Sant started a trucking business from scratch, quickly growing it to a million-dollar company with five trucks in operation and plans for expansion.
- A 19-year-old started a successful trucking business from his house with the help of a friend’s suggestion and his own savings.
- The speaker discusses the best trucks for hauling different types of freight, including reefer and flatbed, and highlights the reliability and availability of parts for Freightliner trucks.
- A 19-year-old started a trucking business, bought a truck with a brand new engine for a good deal, and advises saving 20% of gross revenue for maintenance.
- Starting a trucking business involves significant costs such as insurance, government fees, and fuel reserves, with insurance being the most expensive.
- The speaker discusses using Kamion as a TMS for dispatching and the importance of locking up the doors on the side when loading to prevent them from getting pinched.
- 05:40 🚚 A 19-year-old started a trucking business, got a CDL, and uses a TMS for scheduling, recouping the initial investment within a month and a half.
- A 19-year-old started a trucking business and uses a TMS called Kamion for scheduling and calendar work, costing $100 per month.
- A 19-year-old discusses managing up to a hundred trucks, common issues with trucks, and the importance of maintenance and repairs.
- At 19, the speaker got a CDL in Idaho, Oregon, and Washington, where the process takes about a month and costs around $4,500, but you have to be 21 to cross state lines.
- Getting a CDL is important for running a trucking business, even though it’s not necessary, as it allows the owner to step in as a driver when needed and avoid relying on unreliable drivers.
- A 19-year-old started a trucking business and was able to recoup his initial investment within a month and a half to two months.
- 09:08 🚚 A 19-year-old started a profitable trucking business, emphasizing the importance of maintenance, customer acquisition, and building strong relationships with brokers.
- A 19-year-old started a trucking business, reached profitability in a month and a half, and was able to purchase a truck at a lower price, forming a lasting relationship with the seller.
- A 19-year-old discusses negotiating truck purchases, the importance of maintenance supplies, and having roadside mechanics for breakdowns.
- Finding customers for a trucking business involves making cold calls, word of mouth, leaving business cards at truck stores, and advertising on social media platforms like Facebook, Instagram, and TikTok.
- A 19-year-old discusses starting a trucking business and also mentions flying planes, while also promoting a nootropic supplement for mental focus and memory improvement.
- Start by using load boards to find brokers to haul for, then build strong relationships with brokers by starting with one load and expanding from there.
- The speaker has built a reputation in the trucking business where clients now expect him to be reliable without needing to confirm.
- 16:30 🚚 A 19-year-old started a trucking business, reinvesting revenue to expand the fleet, using social media to find drivers, and overcoming barriers such as high insurance costs.
- The speaker discusses the revenue and profit margins of his trucking business, mentioning that he reinvests almost 100% of the revenue back into the business to expand the fleet and aims to hit at least $30,000 a week with four trucks.
- When hiring drivers for his trucking business, the speaker prefers to get to know them personally by taking them to lunch or dinner, and has found success in using social media platforms like Facebook and Instagram to find drivers.
- A 19-year-old trucking business owner discusses the possibility of having drivers from different states and his goal of getting a warehouse in Arizona.
- A 19-year-old started a trucking business by building brand awareness through digital marketing, social media, and TikTok, and managed fuel costs by investing in the company and using fuel card programs.
- A 19-year-old started a trucking business and faced barriers such as high insurance costs and down payments, but found ways to overcome them.
- Start a trucking business by finding a local insurance agency, getting drivers with at least two years of experience, and shopping around to save money on insurance.
- 22:48 🚚 A 19-year-old started a profitable trucking business, hauling reefer and flatbed freight, with plans to scale by acquiring more trucks in a truck-heavy area.
- A 19-year-old trucking business owner discusses the profitability and availability of hauling reefer freight and flatbed freight, with plans to scale the business by acquiring more trucks.
- A 19-year-old started a trucking business, using a gooseneck trailer to haul cars and equipment all over the country.
- A 19-year-old started a trucking business in a truck-heavy area, discussing the cost of parking and the importance of keeping trucks on the road to make money.
- A 19-year-old learns how to start and drive a semi-truck with the help of a mentor.
- A 19-year-old started a trucking business and emphasized the importance of financing, a plan of attack, and sustaining money in a business plan.
- A 19-year-old entrepreneur discusses starting and managing a trucking business, as well as his hobbies and interests.
- 28:50 🚚 A 19-year-old started a trucking business with 5 trucks, focusing on maintenance, regulations, and growth goals, while facing challenges like breakdowns and reefer issues.
- Look for trucks on Facebook marketplace and Craigslist, and when buying, make sure to turn it on and listen to how it sounds.
- A 19-year-old discusses the importance of checking tires, alignment, weight distribution, and mechanical components when buying a truck for a trucking business.
- A 19-year-old started a trucking business with five trucks, seven employees, and a focus on negotiating and maintaining trucks.
- The speaker discusses the importance of paying drivers well, staying on top of regulatory requirements such as driver e-logs, keeping receipts for tax deductions, and ensuring proper insurance for hauling freight.
- The speaker discusses his goal of growing his trucking business to 10,000 trucks, the future of diesel and electric trucks, and the challenges he faces as a truck driver.
- The speaker discusses the challenges of breakdowns in their trucking business, including a near loss of a $100,000 load of potatoes due to reefer issues.
- 34:12 🚚 Start with one truck, focus on customer experience and reliability, manage workflow digitally, delegate responsibilities, and aim for significant revenue growth in the next five years.
- Start with one truck, hit your revenue goals, buy a new truck, and as you grow, more customers will come to you.
- Customer experience and reliability are crucial for a trucking business, requiring good drivers, reliable trucks, maintenance plans, and time management, as the pressure is on the trucking company to deliver loads.
- Buying a truck is better than leasing because of the long waiting list and the fact that you don’t own the truck when leasing.
- Manage workflow using QuickBooks for finances and Jobber for construction, staying organized digitally with saved contacts and weekly calls for updates.
- Delegate dispatch and fleet management first when growing a trucking business, then finances, and make sure to have a CPA and attorney in your circle.
- A 19-year-old with a history of family entrepreneurship plans to expand his trucking business and aims for a revenue of 25-30 million in the next five years.
- 39:24 🚚 19-year-old starts a trucking business and shares his story and advice for aspiring entrepreneurs.
