There are two distinct customers in this niche market, manufacturers of the chips, and the buyers of the chips who are processor manufacturers. Sometimes accidents may occur, cases of thefts may arise, dishonest drivers may even divert the goods elsewhere and this would lead to a huge debt on the part of the haulage company.
For a 40ft truck traveling from Lagos to Onitsha, you will charge about N, Covers truck damage in accidents where you are not liable.
Choose a niche in the trucking industry The trucking industry is very broad and to succeed in it, you must select a niche.
This article is culled from: Describe Your Business Describe your trucking business in detail. Are you going to start up trucking business plan durable goods or perishable goods? You should also 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 such interests.
Regardless if you are an entrepreneur or an employee truck driver, starting a trucking business must have caught your imagination also. The Trailers can conveniently make as much as N, to N, in a month, but all the expenses listed above has reduced the monthly take home of the Truck owner to between N, to N, in a month.
SFB will form intimate relationships with the unique carriers because this relationship will provide SFB with special insight, which will allow SFB to meet any need a customer might have.
In Progress Purchase of the Needed furniture, office equipment, electronic appliances and facility facelift: You must be prepared to deal with dishonest drivers, shady mechanics, accidents and all sorts of challenges that are certain to come up at some point in this business.
The second group of chip manufacturers, those that have facilities in the U.
You could lose hundreds or thousands of dollars by doing this. This outcome usually happens to people who are great truckers but are not good business owners.
SFB will be marketing our business through several different outlets. Will you outsource your truck to a trucking company or would you rather put your truck on a hired purchase? Examples are truck payments, insurance, permits, and so on.
Freight brokers provide a service by linking customers with shippers and trucking companies. Leasing your trucks to a haulage company This model is similar to running the business as contractor or sub-contractor as described abovebut the difference being that you will be sub-contracting with a haulage company.
This allows the lessee the opportunity of reducing financial commitments particularly in times of stress. Write down a description of the business that you are starting, including your reasons for starting it and the specific type of trucking that you will do.
Specialization also allows SFB to develop close relationships to the limited number of carriers that are equiped to transport chips.
Therefore, you have to write a business plan and have a clear idea of how much you would need to start the business and look into your savings to see if you can afford it.
The fact that our business door is open to both individuals and corporations means that we will have different price range for different category of clients. You can buy an accounting software your business to make things easier.
A business adviser can help you figure out the best plan. There are many markets that you can focus on. At the end of each month, the company will pay you an agreed amount of money, which ranges between N, and ,—depending on the number of trucks you have. The chip buyers are manufacturers that use the chips in their processors.Use this sample business plan to get your trucking business on the road.
Use this sample business plan to get your trucking business on the road. Trucking Business Plan Sample. Auto Repair Shop Business Plan Sample. Start up an auto repair shop using this detailed sample business plan.
Published. Write a complete business plan including what type of trucking company you are starting. The most common is a company that offers hauling or moving items for other companies. Figure out where the start up money is going to come from.
Nov 21, · How to write a business plan for a trucking business & start a trucking business blog post for how to write a business plan for, and start a trucking All Up In Yo' Business.
How to Start a Trucking Business. for CDL school.
Many drivers who eventually become owner-operators start out as company drivers. STEP 2: Have a plan. Your business plan should show what you expect your revenue and expenses to be. Remember that your expenses need to include your own salary. cons, and that varies with each state. You. Trucking Company Business Plan with financial projection for starting a trucking company and apply for SBA loan at lower rates for your equipment.
The following are excerpts from the Business Plan Trucking. Your business plan to establish your start-up trucking company is almost complete.
You did the research and you followed the. The Apex Startup Program helps you form your business entity, The total costs of starting a trucking company can vary widely and are based on how you plan to do business.
For example, the cost to form a business entity varies greatly between states. Learn more about how much it will cost to start a trucking company. Compliance Resources.Download