1. Own your own Business
2. 5-10% Growth a year
3. Be independent, entrepreneur.
4. Your business will be worth millions
5. I make millions
1. ISP's are cheap labor corporations. They specifically provide expensive resources and low skill labor. ISP's only own their assets and liabilities. Assets consist of commercial trucks that are expensive, depreciate and lose value, and have limited use outside the industry.
Liabilities - ISP's cost are extensive and in comparison to revenue adjustments and bear out very little, and on many occasions negative net income/profit. Workers comp will continue to eat into a margin that in reality does not exists. Truck lease payments, insurance, maintenance, fuel, uniforms, and other cost are expected, however these cost in comparison to your Revenue will not reflect in increased profits.
THE BOTTOM LINE IS MAKE SURE YOU GET ALL ACCOUNTING RECORDS OF REVENUES & EXPENSES, ESPEACIALLY ANY THING THAT INVOLVES THE OWNER ATTEMPT TO MANIPULATE THE BOTTOM LINE. In other words the labor, management and expenses that an owner can hide by manipulating the true cost of their involvement. Some don't pay themselves a market wage, they do not disclose the true extent of their involvement with day to day activity, they claim they go home every day at 9am, you have to examine their books...do not rely on them being an accurate reflection of potential net.
There is much more to include, just do you due diligence, do not trust a word the Contractor says or Fedex. Do not trust,,,VERIFY!!!!!!
2. 5-10% GROWTH A YEAR - This is very misleading. Growth does not mean Profit. Fedex has designed a complex settlement process that avoids or eliminates gains in profit. The Growth that comes takes years to reflect as profit, in the mean time you will experience quarter after quarter and year after year of increased expenses and losses. A comparison of expenses and revenue will reflect a net negative result for years. A promise of increase in equity is an empty promise that involves risks they will not tell you. This equity they speak of only comes from what the market will dictate, and by the way also what fedex will consent to. Fall out of favor in any way, and all of the so called equity is subject to be eliminated. That risk alone depreciates the so called equity benefit. THERE ARE CONTRACTORS WALKING AWAY FROM THIS SCAM, LEAVING THE NON EXISTANT EQUITY. DO YOU RESEARCH. DO NOT RELY ON FEDEX OR CONTRACTOR RESOURCES TO VERIFY.
If you ever hear a contractor say in any of these posts, or in general conversation,," That guy just didn't want to grow", in the process of a negotiation with them, immediately have a certified accountant and attorney review your entire agreement and any data you was given to rely on. This is a red flag that the person you are dealing with lacks integrity and/or is a complete con at worst.
3. Be independent/entrepreneur-
The relationship does not allow for any REAL independence, except the condition that you are independent as it relates to expenses, risks, liabilities. It is extremely important that you do not account for independence in your expectations in any beneficial manner, it does not exists. There is an inherent benefit to owning your own business,,control, flexibility, freedom, these should be eliminated from your business plan/expectations. For your loss of these benefits you will receive nothing in return.
Efficiency is not reciprocal. Fedex can care less of how you can do more with less. In fact they see this as a threat to your relationship. Fedex just wants you to do more FOR LESS. Couple that with the loss of independence and you will soon realize the mistake you have made.
4. Your business worth? -
Depends on what you owe on your ever depreciating assets and compounding net returns. Your proprietary area has no real measurable worth, you do not own it. Fedex will try to convince you that you do when it fits their agenda, but they will exert control over this imaginary proprietary interest as they see fit. They will control you and your interest. They will exercise control and consent over what you can do with it. All this subject to how much you cooperate with all their demands. How you like that nightmare. As the problems with this model become more exposed and the horrible experiences of other contractors can be confirmed you will be left with a very small market of available customers willing to risk their money with this scam.
5. Make millions - it's not what you make, it's what you profit. If you are able to gather reliable data, absent the owner's manipulated input, and interview former contractors, communicate with active drivers, and compare ROI with the industry standards, then and only then have you begun the process of due diligence. DO NOT TRUST THE BROKER, DO NOT TRUST THE OTHER PARTY, DO NOT TRUST FEDEX. VERIFY
YOU HAVE TO UNDERSTAND WHAT WILL BE EXPECTED OF YOU FOR THE NEXT 5 YEARS. HOW WILL THIS IMPACT YOUR REVENUE. WILL YOU BE ABLE TO OPERATE WITH THOSE EXPECTATIONS AND ACCEPT THE SMALL PROFIT MARGIN WHILE EXPOSING YOURSELF TO RELENTLESS HARRASSMENT FROM FEDEX. IN CLOSING, YOUR CONTRACTOR BUDDIES, THEY ARE YOUR COMPETITORS AND THEY TURN ON EACH OTHER ALL THE TIME. DO NOT LET YOUR GAURD DOWN WITH THEM.
Oh bye the way it is not worth what they say.
Disclaimer - I am a contractor, I have witnessed these things at more than one terminal and interacted with many officers and managers of Fedex. I do not believe this model or relationship is legal, and is subject to extreme corruption at the cost of public trust.
2. 5-10% Growth a year
3. Be independent, entrepreneur.
4. Your business will be worth millions
5. I make millions
1. ISP's are cheap labor corporations. They specifically provide expensive resources and low skill labor. ISP's only own their assets and liabilities. Assets consist of commercial trucks that are expensive, depreciate and lose value, and have limited use outside the industry.
Liabilities - ISP's cost are extensive and in comparison to revenue adjustments and bear out very little, and on many occasions negative net income/profit. Workers comp will continue to eat into a margin that in reality does not exists. Truck lease payments, insurance, maintenance, fuel, uniforms, and other cost are expected, however these cost in comparison to your Revenue will not reflect in increased profits.
THE BOTTOM LINE IS MAKE SURE YOU GET ALL ACCOUNTING RECORDS OF REVENUES & EXPENSES, ESPEACIALLY ANY THING THAT INVOLVES THE OWNER ATTEMPT TO MANIPULATE THE BOTTOM LINE. In other words the labor, management and expenses that an owner can hide by manipulating the true cost of their involvement. Some don't pay themselves a market wage, they do not disclose the true extent of their involvement with day to day activity, they claim they go home every day at 9am, you have to examine their books...do not rely on them being an accurate reflection of potential net.
There is much more to include, just do you due diligence, do not trust a word the Contractor says or Fedex. Do not trust,,,VERIFY!!!!!!
2. 5-10% GROWTH A YEAR - This is very misleading. Growth does not mean Profit. Fedex has designed a complex settlement process that avoids or eliminates gains in profit. The Growth that comes takes years to reflect as profit, in the mean time you will experience quarter after quarter and year after year of increased expenses and losses. A comparison of expenses and revenue will reflect a net negative result for years. A promise of increase in equity is an empty promise that involves risks they will not tell you. This equity they speak of only comes from what the market will dictate, and by the way also what fedex will consent to. Fall out of favor in any way, and all of the so called equity is subject to be eliminated. That risk alone depreciates the so called equity benefit. THERE ARE CONTRACTORS WALKING AWAY FROM THIS SCAM, LEAVING THE NON EXISTANT EQUITY. DO YOU RESEARCH. DO NOT RELY ON FEDEX OR CONTRACTOR RESOURCES TO VERIFY.
If you ever hear a contractor say in any of these posts, or in general conversation,," That guy just didn't want to grow", in the process of a negotiation with them, immediately have a certified accountant and attorney review your entire agreement and any data you was given to rely on. This is a red flag that the person you are dealing with lacks integrity and/or is a complete con at worst.
3. Be independent/entrepreneur-
The relationship does not allow for any REAL independence, except the condition that you are independent as it relates to expenses, risks, liabilities. It is extremely important that you do not account for independence in your expectations in any beneficial manner, it does not exists. There is an inherent benefit to owning your own business,,control, flexibility, freedom, these should be eliminated from your business plan/expectations. For your loss of these benefits you will receive nothing in return.
Efficiency is not reciprocal. Fedex can care less of how you can do more with less. In fact they see this as a threat to your relationship. Fedex just wants you to do more FOR LESS. Couple that with the loss of independence and you will soon realize the mistake you have made.
4. Your business worth? -
Depends on what you owe on your ever depreciating assets and compounding net returns. Your proprietary area has no real measurable worth, you do not own it. Fedex will try to convince you that you do when it fits their agenda, but they will exert control over this imaginary proprietary interest as they see fit. They will control you and your interest. They will exercise control and consent over what you can do with it. All this subject to how much you cooperate with all their demands. How you like that nightmare. As the problems with this model become more exposed and the horrible experiences of other contractors can be confirmed you will be left with a very small market of available customers willing to risk their money with this scam.
5. Make millions - it's not what you make, it's what you profit. If you are able to gather reliable data, absent the owner's manipulated input, and interview former contractors, communicate with active drivers, and compare ROI with the industry standards, then and only then have you begun the process of due diligence. DO NOT TRUST THE BROKER, DO NOT TRUST THE OTHER PARTY, DO NOT TRUST FEDEX. VERIFY
YOU HAVE TO UNDERSTAND WHAT WILL BE EXPECTED OF YOU FOR THE NEXT 5 YEARS. HOW WILL THIS IMPACT YOUR REVENUE. WILL YOU BE ABLE TO OPERATE WITH THOSE EXPECTATIONS AND ACCEPT THE SMALL PROFIT MARGIN WHILE EXPOSING YOURSELF TO RELENTLESS HARRASSMENT FROM FEDEX. IN CLOSING, YOUR CONTRACTOR BUDDIES, THEY ARE YOUR COMPETITORS AND THEY TURN ON EACH OTHER ALL THE TIME. DO NOT LET YOUR GAURD DOWN WITH THEM.
Oh bye the way it is not worth what they say.
Disclaimer - I am a contractor, I have witnessed these things at more than one terminal and interacted with many officers and managers of Fedex. I do not believe this model or relationship is legal, and is subject to extreme corruption at the cost of public trust.
