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Looking to buy FedEx routes Need Advice from owners
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<blockquote data-quote="bacha29" data-source="post: 3418585" data-attributes="member: 58386"><p>A basic summary:</p><p>1. You're buying a contract from someone believing that it's value will go up. Trouble is you're buying it from someone who is equally convinced that it's going to go down.</p><p>2. You're signing your name to a unilaterally drafted and implemented contract containing terms that XGround freely states are no way shape or form binding upon them.</p><p>3. You're being called upon to put ever increasing amounts of money at risk. An investment that will not be represented when it comes to shaping the market strategies and the direction of the company going forward which means that the fate of your invested money is in the hands of someone else but remember you're an "independent contractor"</p><p>4. The type of trucks you will use and the people who will man them are decisions XGround not you the employer will make. In reality you're little more than a 21st century Edwin Epps.</p><p>5. You will have 3 people assigned to every truck. One coming, one driving, and one leaving. That truck will be driven all week and worked on all weekend either by a mechanic who is willing to work on weekends or YOU will be spending your weekend working on it.</p><p>6. You will be the owner of a collection of some of the fastest depreciating pieces of equipment known to the US economy.</p><p>7. As long as XGround's DOT/ICC numbers are on the side of the truck they will always be calling the shots and hopefully you will have a limber neck because it's always going to be "yes sir, right away sir. Please sir , may I have some more".</p><p>8. Finally your success will depend entire on the HOPE that there will always be somebody walking in the door physically able and psychically willing to deliver top of the scale performance for bottom of the scale money and do it on a continuous daily basis for an extended period of time.</p><p>9. If you think you can just assume that step 8 will be easy then look at the nationwide job boards. Contractors crying nationwide for people. Trouble is their posts contain job demands half a mile long and at pay so low some are too embarrassed to post it.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3418585, member: 58386"] A basic summary: 1. You're buying a contract from someone believing that it's value will go up. Trouble is you're buying it from someone who is equally convinced that it's going to go down. 2. You're signing your name to a unilaterally drafted and implemented contract containing terms that XGround freely states are no way shape or form binding upon them. 3. You're being called upon to put ever increasing amounts of money at risk. An investment that will not be represented when it comes to shaping the market strategies and the direction of the company going forward which means that the fate of your invested money is in the hands of someone else but remember you're an "independent contractor" 4. The type of trucks you will use and the people who will man them are decisions XGround not you the employer will make. In reality you're little more than a 21st century Edwin Epps. 5. You will have 3 people assigned to every truck. One coming, one driving, and one leaving. That truck will be driven all week and worked on all weekend either by a mechanic who is willing to work on weekends or YOU will be spending your weekend working on it. 6. You will be the owner of a collection of some of the fastest depreciating pieces of equipment known to the US economy. 7. As long as XGround's DOT/ICC numbers are on the side of the truck they will always be calling the shots and hopefully you will have a limber neck because it's always going to be "yes sir, right away sir. Please sir , may I have some more". 8. Finally your success will depend entire on the HOPE that there will always be somebody walking in the door physically able and psychically willing to deliver top of the scale performance for bottom of the scale money and do it on a continuous daily basis for an extended period of time. 9. If you think you can just assume that step 8 will be easy then look at the nationwide job boards. Contractors crying nationwide for people. Trouble is their posts contain job demands half a mile long and at pay so low some are too embarrassed to post it. [/QUOTE]
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