HOW A COMMUNITY COLLEGE DROPOUT FOUND ENTREPRENEURIAL SUCCESS
You think your market conditions are tough, what about Colorado? According to the latest Bureau of Labor Statistics (BLS) data, the Denver area's average weekly wages are $1,242. Think it's easy to find drivers? The BLS also lists the area unemployment rate at 2.4%. Way lower than the U.S. average.
What made a young guy from out of town who knew nothing about the logistics industry think that he could buy a Ground business to support his growing family? Sure he's smart, but he's so young.
"There's no selling, no advertising, no collecting money from past due accounts. I'm not saying it's easy, but it beats a lot of other options out there," Preston Wengert says.
Preston was not a professional financial analyst. He had no experience running a service business. But he had a desire to learn, he had confidence in himself, and he was wise enough to seek help.
WHAT TO KNOW BEFORE BUYING A FEDEX GROUND BUSINESS
In reality, he wasn't totally naive. Wengert kept in touch with a former customer of his who moved away to take over FedEx Ground routes far from their homes in Arizona. The two kept in touch and Preston was able to ask many questions from his trusted source.
At eTruckBiz we work with both buyers and sellers seeking expert advice. There are many reputable brokers to choose from in this business. Plus, access to information online allows buyers to more easily identify a broker with whom they feel the most comfortable. While it's not totally necessary to use the services of a broker, generally it's a wise move. Most brokers will save you from yourself when you're new to the business.
To read more about Preston's (and others') successes, click below. Preston's story is at the bottom of the list.