For trucking companies, promoting your business often means writing objectives to cover two different target markets -- companies that need your freight and delivery services as well as those who help make it happen -- the drivers. Increasing Customer Base Attracting customers who have not used your trucking services in the past is a common objective. For instance, you may want to create an objective of marketing to individuals who are moving and need a trucking company to help them get their furniture and belongings to their new residence.
Are you interested in learning how to start a trucking business from the scratch? Do you need a detailed sample of a trucking business plan template or feasibility study report? The trucking industry, share similar fundamental and technical factors all over the world.
In our current dispensation, the trucking industry is one of the biggest businesses in the world. As a matter of fact, in the United state alone, the trucking industry produces over billion dollars of revenue a year. In Nigeria, haulage business and even logistics is a billion dollar business with an insatiable market.
This is because transporting goods across long distances has become a necessity and an important industry. No matter, the industry you find yourself, bulk goods must be transported to and fro both raw and finished goodswhich makes the haulage industry, a very lucrative one.
Starting a trucking business sample business plan template Below is a step by step guide to starting your own trucking business. You should be concerned first about your really want to do. Although profitable, Haulage is Laden with a lot of risks and challenges.
Hence, you need a strong mind and determination to run this business successfully. You have to be ready to deal with dishonest drivers, shady mechanism, accidents and all sorts of challenges that are certain to come up at some point in this business.
Choose a Niche in the Trucking Industry To succeed in the trucking industry, you must select a niche, because it is very broad. There are different niches in haulage business and the haulage business plan examples you choose would determine the type of vehicles you would need and you start — up costs.
For instance, you can check out these business opportunities for truck owners and then take the questionnaire below, Will you be engaged in transporting bulk goods or would you be leasing trucks to businesses in the transport industry?
Will you outsource you truck to a trucking company or would you rather put your truck on a hired purchase? Are you going to have short or long distance? If you are to go into transportation, will you have solid or liquid goods? These are questions that must be answered before you set out to start your own trucking business.
If, for instance you choose petroleum products haulage, what you would need is a petroleum tanker and you would have to register with an oil company or work as a sub- contractor with an already registered company, but if you want to go into building materials haulage like carrying of sand, cement and granite from quarries to construction sites, what you would need is a tipper or along.
Start — up Capital For the trucking business, you need capital and lots of it.
Your start-up capital will largely depend on the size of the fleet, you are intending to own. It is therefore important that you write a business plan and have a clear idea of how much, you would need to start the business and weigh your savings to see if you can afford it.
You need to ask yourself, if you would buy new trucks or used trucks. The ways with which you can get your trucks are either through purchasing them outright or getting them on lease.
You can also consider to look for subcontractors. If you do not have enough capital to start and want to check out other financing options, you have to consider first your credit worthiness and eligibility for borrowed funding and whether you have collateral security for the funds you wish to borrow.
You also have to look into interest rates on the loan and compare it with your projected earnings from the business to be sure that the business would still be profitable even after paying off such interests.
The major financing option available is leasing. The manner in which a leases reviewed and utilized varies considerably, although there are two major forms which are finance lease and operating lease. This type of lease transfers all risks and benefits of ownership to the lessee while the lessor still retains title to the equipment, which may eventually be transferred.
Operating lease on the other hand, is the type of lease where a substantial part of the risks and rewards incident to ownership are not transferred to the lessee. Operating lease encompasses the short — term line of equipment such as trailers, motorcars, barges or boats.
Leasing provides the lessees the opportunity of payment over a longer period than with most other forms of financing. This provides the lessee with the opportunity of reducing financial commitments particularly in terms of stress. Rules and Regulations For starting the haulage business, another important factor that has to be given serious consideration is the legal requirements.
You would be required to obtain various licenses and permits and you would also be presented with a set of rules and regulations that must be adhered to. An extensive research should also be conducted on what these rules are and adherence to them has to be ensured.
A lot of risks are involved in the Haulage business.
Putting the fact that you would be traveling over long distances to deliver those goods into consideration, it is impossible to predict the things that may or may not happen along the way. Accidents may occur, cases of theft may arise, dishonest drivers may sometimes direct the goods else where and this would lead to a huge debt on the part of the haulage company.
This is why obtaining insurance for your haulage business is very important policies, and the premiums you would be required to pay and compare it with your projected earnings to determine viability of the business. Another important factor to look into when starting a trucking business is your management strategy to handling payload and clients.HOW TO START A HAULAGE/TRUCKING BUSINESS IN NIGERIA.
Starting a trucking business sample business plan template. Below is a step by step guide to starting your own trucking business. Your Personality: You should be concerned first about your really want to do. Transport business in Nigeria is a old as the nation .
Jul 19, · A clear business plan that shows how you plan to operate the trucking company and offers graphs showing projected costs and growth will help you get the funding that you need. Click here to view this full business plan. Freight Brokerage Business Plan Executive Summary: Silicon Freight Brokers (SFB) is a specialized freight broker service located in Hood River, OR.
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Business Plan Pro Sample Mike's Trucking Service — Sample Plan This sample business plan was created using Business Plan Pro®—business planning software published by Palo Alto Software.
This plan may be edited using Business Plan Pro and is one of + sample plans available from within the software. Free Transportation Sample Business Plans. Give your transportation business a leg up on the competition by writing a winning business plan.
Get a head start by checking out these sample business plans for the airline and aviation industry, trucking, freight, taxi and limousine services.