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Future Expansion: Becoming a Broker

10:57
20:02
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At 10:57 in

How to Go from lawn Care into other Companies

What happens here

Eric plans to expand his trucking business beyond being an independent driver by becoming a broker. This involves hiring other truck drivers and providing them with trailers and jobs. He aims to avoid brokers himself, who typically take a 10-20% cut. His wife handles the complex state-line trucking regulations (IFTA, DOT numbers), allowing Eric to focus on business development. His goal is to provide drivers with trailers and support (like fuel advances) to ensure they can work, taking a smaller cut than traditional brokers. The overall lesson is that understanding the technical and business aspects of any industry is key to maximizing profits and achieving above-average success.

Goal: Grow the trucking business by brokering loads and expanding fleet operations.

Tools and materials

  • Brokerage Authority — Legal authorization to broker loads
  • DOT Numbers — Compliance with Department of Transportation regulations
  • IFTA knowledge — Understanding fuel tax agreements for inter-state operations
  • Second Trailer — To be provided to other drivers as part of the brokerage model
  • Fuel advances — Supporting drivers in the brokerage model

What they say

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outright buy a brand new truck Y and two trailers now I say brand new they weren't brand new off the lot but they were brand new to Eric which is a bit these trucks aren't cheap these trucks are expensive and let's take a look at this truck real quick let's see what he's done with this what he's got going on what you're going to find is you've got a standard what is this a DAT is this considered a day cab Eric no it's almost it's just got it has a little uh they call it a coffin sleeper on it so okay it just I can recline back and if I go somewhere and I need to take a nap or something I can but I home every night so and this trailer is your standard end dump yep and what do You Haul in something like this what do you use that for you can haul anything from firewood to you know I've hauled pretty much anything that's bulk you know any anything in it that's not super hard but what I normally what I my bread and butter is sand and gravel sand and gravel we you avoid all construction debris you avoid Rubble concrete because it's aluminum right yes so you have the option of getting paid both hourly and by the ton those are two different pay scales completely if you get paid hourly you know exactly what you're going to be making we got another truck coming in real quick show you that but if you get paid hourly you know exactly what you're making when you get paid by the ton you have the the chance of making even more than you would per for an hourly basis especially if you have a lighter truck hence that's why you'll see a lot of these trucks you need to understand in trucking there's two different pay scales an hourly truck a pure hourly truck is going to be pretty heavy okay it's going to be able to handle all sorts of construction debris Rubble asphalt concrete building demo a lighter truck something that's aluminum and something that like Eric has right now he's got to avoid any of that big heavy stuff because it'll Dent the heck out of these aluminum trucks it'll just beat them up it's not good for these lighter Rigs and the rig isn't light but the trailer is light but that also frees Eric up to take on those more lucrative jobs that is going to take his hourly rate and increase it immensely is that right yeah and one thing I'd like to add is because of the lawn care and running a business most trucking companies are not a business it's just they they drive and they treat it as a job but I go after work and I try to stay away from Brokers and I'm and we're…

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