3 Mistakes I Made When I Started My Trucking Business

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ABOUT ME:
What’s up y’all? I’m David McGill, a 2007 graduate of Indiana University’s Kelley School of Business, an experienced accountant, trucking business owner, and consultant. I created Trucking From Scratch®️ to help other entrepreneurs start, run, and grow successful trucking businesses by breaking down the business side of trucking.
My NEW channel / @1davidmcgill
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DISCLAIMER:
The information provided in this video should not be construed or relied on as legal, tax, investment, or business advice for any specific fact or circumstance. It's content was prepared by McGill Accounting LLC, with its principal office located at 1075 Broad Ripple Ave., PMB 390, Indianapolis, IN 46220. This video is designed for entertainment and informational purposes only. Viewing this video does not create an accountant-client relationship with McGill Accounting LLC. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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[@tscottme]

I'm impressed with your channel, and most of all, that you get to the point. Many trucking channels spend 30 minutes to say almost nothing or to say 3csentences in 10 different ways. Thanks for respecting thebtime of your viewers.

[@courtneyalexander6633]

Video was okay the crippling mistake was not obtaining license to operate it same as your first ride hey I'm not long term but drive I have few questions about paperwork and legal procedures you took beginning

[@abdulsmith1569]

You a solid dude man for owning up on the mistakes.....

[@lgaristolgaristo88]

*you are or you're

[@ashrick718]

@@lgaristolgaristo88 is he writing a fucking paper? RELAX!

[@DelFamDII]

Thank you. Even though you made mistakes, the courage you took to start your own business is rare. Most of us are trained to play it safe by earning a salary. But owning your own business is breaking out of the mold and if done right, can make you very wealthy.

[@truckervance]

I know this video is nearly two years old and you may have already learned this by now. but having a mechanic 'assess' a truck on site unless he/she has a CDL. Most important, driving a truck around a lot won't tell you anything. Pre hire road tests are more in depth than just driving around a yard. When testing a driver and/or truck it is imperative that an experienced driver test that truck on a highway. A driver will notice, by sound and feel the most minute things about the truck that a mechanic may miss by simply driving around the yard.

[@ishababyyy5625]

I love this video bc he got straight to the point … their was no intro he just started spitting information and u don’t find to many videos like that . Everything was clear and understanding. I would like to know more about owing your own trucking company mabye u can give me some more information.

[@relaxationtherapy9608]

Thanks for your advise, it is very helpful to me as somebody who wants to go into trucking business next year.

[@gmailcom1699]

Well absolutely ,if you need a hand starting up reach out to one of the consultants .

[@TruckingFromScratch]

That’s not me in that previous comment. It’s spam

[@odkdsjf]

We all make mistakes. Now you've learned and know, and that knowledge will only benefit you later. Thank you for sharing, I earnestly appreciate it.

[@jmoto1983]

I wouldn’t call it a foolish mistake but more of a learning experience; and from those we grow wiser from them. Your channel has helped me take my steps into starting my own business and I will be rolling end of July beginning of August. Thank you for sharing your knowledge!

[@yusufcswift392]

God bless you for brother am starting my truck business by June🤩🤩🤩 you are a blessing to us. God bless you one more time I will continue to put you In My prayers

[@timjordan520]

When i bought my semi in 2014, i used my bank to buy it. They financed my truck, which was a 2006 western star 4900fa. The bank i used financedcit as a new car loan!👍🏽 i put down around 4k and my unit was around 20k, so that made my payment around 350/month... i may get back into it soon

[@alexjones28]

Why you stopped?

[@dewill569]

A bro I was thinking that instead of a financed truck threw a dealership I was thinking borrowing from the bank. Is it a lower monthly payment? And a better money saving option?

[@timjordan520]

@@dewill569 i dont know your personal financial situation, but shop around for the best deal for you.. the bank was a great personal option for me

[@xxkornmetalxx]

Good stuff. Thanks for owning your mistakes and giving us the info.

[@grantlockhart8105]

Bro you videos are on point fr man . I look to your joints on my mission to a successful trucking company. A lot of stuff you talk about I be already done, but at the same time your confirmation of experience puts a brother in a whole new light where he going . Keep posting homie.

[@inthejcurve7968]

Great video!!! Mistakes are how we grow and improve, and I really appreciate you looking out for your fellow truckers.

[@davidsand389]

Thanks Again! Always appreciate someone that is willing to pass on the knowledge.

[@chrisgeezvlog7349]

David, I like how you have the coins on your desk near the printer/copier neatly stacked by denomination! Big thumbs up for that!

[@joaquinsantiago6354]

I found you on youtube after searching up how to start a trucking business. I myself never want to drive trucks but, the reason I search it up is because, my father who have been trucking for many years, think he is able to do it. I'm pretty sure he knows the basics and what to expect, but I don't know if he knows what he's getting into. Hopefully I can use your channel to guide him the right way into this.

[@sharoncampbell5915]

Thank you for your honest opinion on the trucking business

[@olwethuzihlwele3741]

Videos sweet and short. Straight to the point. Much appreciated brother. Showing love all the way from South Africa ❤️

[@vinze23saucedo]

Brother I’m glad I found your channel! Thanks for the info!

[@Dan-yn3ze]

Only watched 2 videos and I love the channel so far! Great video thanks

[@vertueorganics8663]

Great short and straight to the point info. Appreciate the game !

[@worryfreemusic-jasoncagle5284]

Digging your vids man. I don’t even drive a truck but my grandfather did and I’ve always been fascinated with truck driving bc of him and it’s interesting to see documented stories of truckers and what has changed and what you all deal with.

[@johnoptions9192]

Wonderful video. I like the idea of getting the loan from the bank and using the cash as reserve.

[@TMcGee_3]

Thanks for your honesty!

[@camillerose7068]

I watch these videos like I watch television. Thank you for all of the vital information that you provide. You make starting a trucking business achievable.

[@JorgePerez-fy8ih]

I commend you brother for showing us what lies ahead. Thank you for sharing!!

[@KW-fe5ye]

Thanks for being so vunerable and sharing all of your sucess!! (Mistakes, pros, cons, certificates, license, attitude...)

[@anupchandra1862]

Huge support!! Thanks for the video.

[@bpeters63]

Very good content as always. Very thankful for the information you put out here for us new owners and operators.

[@mercyrn35]

Thank you for sharing this valuable information. So many people aren’t willing to share their mistakes. Only their successes.

[@CCodyG]

You give the best advice! Thank you for sharing.

[@mostlysunny-gk4ff]

Thank you for sharing your experiences and advice!

[@MsFuturemillionaire]

Thank you for a short, sweet, to the point video

[@testarling1]

This guy is a BLESSING.

[@maurofreitas417]

Great work on all your videos

[@Gheuns3251]

Thank you for taking the time to educate and using your own experience to help others avoid making same mistakes . May God continúe to bless you abundantly .

[@Wickimo]

Thanks for your honesty.

[@bravobaby06]

You dropping gems!

[@markstovall6857]

Great info. Thanks young man

[@zaidchalabi1599]

thats a very good video man.
i appreciate honesty
and i really love the straightforward points
thank you for being one of the very few

[@timjordan520]

Also, great knowledge you are giving people David McGill! I learned alot from another guy who used to post videos on youtube as casanova601! You both are blessing people with free knowledge

[@cre_datch]

Thanks for sharing and helping others.

[@adrianjones1762]

That was VERY helpful. Much appreciated!

[@driven24djackson]

Thanks for the info bro.. I appreciate the headship. I'm getting my truck beginning of next year

[@ethelmertz6422]

Thanks for the video! Good information, and thanks for sharing your 'mistakes'...it does take a BIG man to admit his stumbles on the way to success!

[@josergarcia1979]

I appreciate your advice bro I’m 29 yrs old and I’ll definitely keep this in mind, I have my Class A and I’m thinking about buying a sleeper my dude

[@bigtoe0341]

Thanks for the advice David

[@BignNizzo315]

Appreciate your insightful knowledge bro Salute

[@bigben8156]

Respect your honesty

[@rojojo2889]

Great content, you inspired me Bro thanks and stay blessed.

[@supatruckerbea1270]

Love the videos... I am inspired to share my experience with others.

[@nursedom6398]

Please share!

[@brettanderson4121]

Thank you for sharing your experience!

[@Cahluvca]

Thanks for the knowledge brotha

[@Angel-ts6ly]

Thank you so much for sharing your experiences!!!

[@Dreamingbigent]

Solid dude appreciate you King ‼️

[@user-gk1fq5xg3o]

Thanks for that information bro

[@us.health.insurance.options]

Great video. I am not planning to become a truck driver but maybe invest in a trucking company in the future. This channel is a great way to start learning about what it takes to do that. Thank you I am looking forward to new videos.

[@jyroaz06]

David, thank you much bro!

[@selormkojoefiadjoe5600]

Solid guy. Respect ✊🏿 . Thx for the info

[@MsMMMommy]

Your channel has been a blessing. Please know that. Thanks for sharing your knowledge. Much appreciated. When I get some extra cash I definitely will be reaching out some way.

[@Joendutitv]

Thank you for the insights

[@kharigaynor1553]

THANK YOU FOR YOUR TRANSPARENCY! VERY HELPFUL

[@pablolearning1954]

Thanks for all the tips 👍

[@JohnSmith-tk3mk]

Sir, thank you very much for the video! You are a gentleman.

[@van2820]

Thank you for sharing this information.

[@tamaraigbanibo2630]

I appreciate this video. Thank you so much!

[@timjoyce9380]

I have been trucking for a while ! You are a smart young man with one of the best videos that I have seen on RUclips about trucking. Paying cash for the truck was not a mistake you saved the interest on the money it cost money to use someone else's money. I would try and get away from factoring you are just paying to get your money sooner but you are still taking the risk for not getting paid. There is recourse and non-recourse on factoring. Keep up the good work.

[@eazy5019]

Thanks for the nuggets.

[@Dunamis_010]

Great vid. Thanks for the lesson!

[@arturohernandez4728]

I just subscribed, thanks for all that info!!

[@htmcphee4]

Thanks for the information that you are putting out there, it is making a difference.

[@Kallel73]

242 😎

[@ovillan1335]

If you get financed through the dealer it takes 1-2 weeks to have paper work finalized. Must have insurance set up before taking ownership of vehicle. But during those 2 weeks you can test drive that truck as many times as you want and also have a mechanic go look at it. Sometimes test driving is still not enough! You won’t know what issues the truck has until you run loads with it. It took me around 8 months to get all the issue to pop up. Luckily none were to big. Good luck out there.

[@Danny-fs1hk]

Thanks a lot for your lessons!!!

[@jonathanh3632]

did all three myself :D just this past year :D

[@jrdulgre1287]

I like your sincerity bro.

[@miketyson2499]

Mannnn thanks alot boss... This really just helped... Keep doing yo good deeds black man ✊

[@fionafinn443]

Thanks for the great information

[@crisgamboa3786]

My respects to you my friend !!! Thanks for the info

[@danieldehay5198]

Thanks for your honesty…..

[@cristianschmalbach7211]

Thanks for the advice! was about to do the same thing !

[@tonycastro3161]

Thanks for this video bro

[@martevanmckissic244]

Great information bro!

[@vato6056]

Keep going brother

[@MakkSon101]

We always learn something from our mistakes

[@martycech5844]

‘Mistakes’ are learning tools...

[@ryanoliver5269]

Great Feedback !

[@belaywubetu7841]

Thank you very much bro I learn a lot of things from you to bye the truck financing

[@taffrivers]

Thank you for sharing

[@sportscardude]

Love your videos pertaining to the office/business aspects of trucking! Having a business degree myself but being new to the trucking industry, I knew that there would be a lot of behind the scenes paperwork and decisions to be made when starting my own business. I am so glad I came across your channel discussing just those.
Out of sheer curiosity, what kind of truck was your first purchase? Year make model and miles I mean

[@jaydutt295]

Thanks for the advise

[@ntmepromotions7878]

Thanks for the information.

[@wsopmcgee]

David is stacking coin in this video! Keep stacking!

[@showcase1219]

Thanks for the info.

[@3ndavenue28]

Thanks for good advice

[@kayproper966]

Thanks for the tips! I just knew not test driving the Truck did not end well for you, I'm glad I was wrong! 😁

[@georgierojass3661]

You help me out gave me a guidance now I have an idea thanks bro

[@johnnygarcia5953]

Thank you bro appreciate you 👍🏼

[@deshawneli]

Thanks for sharing that

[@colemanjackson8694]

Thanks Bro., good info

[@csbadboy0083]

Your heaven sent thank you so much ✊🏿

[@ceverette1]

Thank you for this