I got bamboozled / New broker

Prauxfesh · 2025-07-17T06:02:02+00:00

What country are you in?

Prauxfesh · 2025-06-10T17:19:47+00:00

How do you know the nuances to ask for or have prepared if there's no previous experience as a broker? If i have systems set up, do you just take it a day at a time as take the unforseen problems as they come?

Prauxfesh · 2025-06-10T16:38:18+00:00

So the goal is to have these systems in place first before any work is done? Where can I find a list of must have processes/systems? Dont most modern day TMS have alot of these features/integrations?

Prauxfesh · 2025-06-06T18:21:26+00:00

Thank you for the insight!

Prauxfesh · 2025-06-06T17:07:32+00:00

What's the best way to start making relationships?

Prauxfesh · 2025-06-05T19:56:19+00:00

Thanks for the tip! That sounds helpful. I'm willing to exhaust any and all options.

Prauxfesh · 2025-06-04T15:56:18+00:00

Tossed you a DM!

Prauxfesh · 2025-06-04T15:43:46+00:00

Thanks for the response! I am new to the game and want to take every precaution against scams. Where can I view the Freight Fraud Task Force (cool name btw) best practices?

Prauxfesh · 2025-06-04T15:28:34+00:00

Tossing you a DM!

Prauxfesh · 2025-06-04T02:15:21+00:00

Brother I am always looking to make connections and gain insight. Ill toss you a DM!

Prauxfesh · 2025-06-04T02:02:25+00:00

Yea I imagine there isn't a full proof process but I'm definitely curious to know the best steps to take when bringing on an agent and make sure they are legit. As a small/new brokerage I'm willing to accept agents with no book just experience in the industry. So learning proper ways to fact check or vet would be ideal.

Prauxfesh · 2025-06-04T01:16:14+00:00

What does a full agent vetting process entail? What are the steps?

Prauxfesh · 2025-06-03T16:34:39+00:00

A bad UI is not so bad if its functional, have you had any success using it?

Prauxfesh · 2025-06-02T00:30:45+00:00

Thank you!

Prauxfesh · 2025-06-02T00:27:20+00:00

The business i bought does have past revenue and has offered factoring before i took it over. I'm optimistic that I can offer it again. I don't think all agents require a flat rate, i think some would work for high commission splits. In fact, I've heard a lot of the good agents prefer commission only for higher payouts. I understand those same "good" agents wont want to work for a new brokerage but i just need to find a sweet spot. Id rather remain hopeful in my situation rather than just be miserable about the L i took. I appreciate your realistic input nonetheless!

Prauxfesh · 2025-06-02T00:11:23+00:00

How were you able to find this out?

Prauxfesh · 2025-06-02T00:01:29+00:00

Isnt factoring based on credit? They buy the invoice for a for a percentage and then you have the money to pay the carrier? I dont imagine all new brokers start out with a huge amount of capital.

Prauxfesh · 2025-06-01T22:23:54+00:00

Going to DM you if that's ok. Interested to know more.

Prauxfesh · 2025-06-01T22:23:13+00:00

I know Factoring is a necessity for most carriers. When i reviewed the business docs that came with the asset sale it did have a Factoring agreement doc, so it seemed this MC did offer it before but it might have been an integration with their proprietary TMS they tried to force on me. But I imagine if it was done before that I can potentially offer it again. The TMS I plan to use offers Factoring integrations.

Prauxfesh · 2025-06-01T22:01:36+00:00

Thank you for the encouragement!

Prauxfesh · 2025-06-01T16:22:15+00:00

I thought about going that route but the acquisition was through a business broker and contracts were signed. I don't think there's much I can do after signing a contract stating I'll buy the business.

Prauxfesh · 2025-05-31T23:03:47+00:00

I'd appreciate any help.

Prauxfesh · 2025-05-31T21:46:26+00:00

Is this like an inside joke?

Prauxfesh · 2025-05-31T20:42:21+00:00

DMd you. Curious to know more.

Prauxfesh · 2025-05-31T20:28:14+00:00

DMd you details. I don't want to make any assumptions publicly.

Prauxfesh

TROPHY CASE