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Be Your Own Boss: How to Start a Hotshot Business

More and more people are trying their luck in the hotshot trucking service as this industry offers a lot of advantages including fast profit and convenient working hours. There are several trusted private companies like the Hot Shot Odessa TX that started small and now has grown into one of the most trusted and chosen local service in their locality.

As mentioned, being a hotshot truck driver is easy and convenient. First of all, you are your own bosses, and unlike being employed by a private and public company, you choose your most convenient date, time, and clients.

The hot shot trucking often involves one destination and so, you can complete one run while carrying several loads all at the same time. Also, these businesses are ideal for local and regional areas and are highly profitable and convenient.

If you wish to start a business in this industry, the following tips might help you succeed:

1.Go and apply for MC and USDOT Numbers

Go and visit the Federal Motor Carrier Safety Administration’s website, to apply for a USDOT number. This number will serve as the identifier of your company when it comes to safety reports, inspections, crash investigations, audits, and reviews. Remember to read carefully all the instructions that FMCSA provides to ensure the right process of application.

In addition to your USDOT, you are also required to obtain MC number, which can have some filing fees.

2.Get an insurance

Since you won’t be working for a company or a management, you will be completely liable for everything you do and carry. So, it is recommended to buy at least $750,000 worth of liability insurance. To be able to have the right amount in your insurance, you will be needing to obtain your membership in the drug and alcohol testing group, DOT number, driving qualifications, and others.

3.Be equipped

Of course, you will need to purchase your own equipment and includes your trailer truck. There are many different trailer trucks you can choose from; choose the one that suits your business type and your budget. The equipment costs for this business are typically lesser than those of the Class 8 trucking businesses. Aside from the trailer, you will also need to purchase small tools necessary for hauling, carrying, etc., such as chains, chords, etc.

You need to balance quality and price. Of course, it is necessary to spend as cheap as you can to increase profit. However, you need to consider the quality of the material you will be using in your service.

4.Seel for loads

There are many ways on how to find loads. You can either go to 123 Loadboard or DAT TruckersEdge for finding freight. This will also connect you to other potential customers. You can also find and download apps to find some clients.

Final thoughts

Many hot shot trucking drivers admit that starting this business many require dedication and some capital, but this holds true to any businesses you may want to start. As long as you take consideration of important steps for realizing this business, all you need to do is to maintain it.