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A Sample Logistics Company Business Plan Template

Are you about starting a logistics company? If YES, here is a complete sample logistics company business plan template & feasibility report you can use for FREE.

Okay, so we have considered all the requirements for starting a transport and logistics business. We also took it further by analyzing and drafting a sample logistics service marketing plan template backed up by actionable guerrilla marketing ideas for logistics businesses. So let’s proceed to the business planning section.

If you are looking to start a business that has great prospects, then you should be looking at delving into the logistics business. This is a very viable business that can make just about any focused person a millionaire. One of the things that you have got to first of all determine is the willingness for you to go into this business. Thereafter, you will begin to do other underground businesses like undertaking a thorough feasibility studies, amongst other things

There are experts who write a business plan, there are also templates that you can use to write yours. This business plan below will come in handy as you work at drawing and putting yours all together.

A Sample Logistics Company Business Plan Template

  • Industry Overview

The Freight Packaging and Logistics Services industry is an industry that is responsible for providing packing and crating services primarily for the transportation sector of the economy. The industry comprises of companies that provide consolidation of freight consignments, trade document preparation, packing, crating and otherwise preparing goods for transportation and logistics consulting services.

Some of the key factors that will contribute to growth in this industry include growth in the manufacturing sector, consumption, international trade and also increase in technology reliance will provide new opportunities for logistics consulting and advisory services, particularly for distribution chain networks and logistics. We are not ruling out the fact that technology can also cut some jobs in the industry.

The Freight Packing & Logistics Services Industry is indeed a very thriving industry in most countries of the world. It is a major sector of the economy of the United States and it generates a whooping sum of well over $2 billion annually from more than 6,414 registered and licensed freight packing and logistics services companies scattered all around the United States of America.

The industry is responsible for the employment of well over 31,785 people. Experts project the supermarket and grocery industry to grow at a 1.6 percent annual rate. There is no establishment in this industry that has a dominant market share in the United States.

Research conducted by IBISWORLD shows that packing and crating services that are not directly related to motor vehicle operations account for an estimated 71.7 percent of the industry revenue. Packing and crating encompasses putting freight into various containers, including crates, pallets and plastic wraps.

Many companies also offer specialized services, which includes packaging unique products such as industrial equipment, artworks and weapon systems. Industry players may also offer freight consolidation. Consolidation refers to combining many frequent, small shipments destined for a similar geographical region into a single large shipment to reduce per-unit shipping costs. This service aims to capitalize on various freight-rate discount programs.

No doubt starting and operating a freight packing and logistics Services Company can be capital intensive and challenging, but the truth is that it can be rewarding at the same time. One good thing about the industry is that it is open for both big time investors who have the capacity to start the business with over a dozen employees from a big office facility and aspiring entrepreneurs who may want to start from a shared office space and a handful of employees.

Logistics Company Business Plan – Executive Summary

Spencer JT® Freight Packaging & Logistics, Co is a registered and licensed Freight Packaging & Logistics Services Company that will be based in Fort Lauderdale – Florida. We are in business to provide services such as packing goods for transportation, crating goods for transportation, and wrapping goods for transportation, freight consolidation, trade document preparation, storing goods prior to and after freight, physical distribution consulting and logistics consulting et al.

Spencer JT® Freight Packaging & Logistics, Co has been able to secure all relevant licenses and permits to operate throughout the United States and Canada. We will ensure that we abide by the rules and regulations guiding The Freight Packaging industry

Our customers and potential customers alike can be rest assured that they will get quality services at competitive rates. We will go the extra mile to ensure the safety of goods under our care and our customers get value for their money. At Spencer JT® Freight Packaging & Logistics, Co our goal is to provide excellent service to our customers and we pride ourselves on the integrity and competence of our company and our employees.

At Spencer JT® Freight Packaging & Logistics, Co we are passionate in the pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to start our own freight packaging and logistics services business; we are in the industry to make a positive mark.

We are quite optimistic that our values and quality of service offering will help us drive our business to enviable heights and also help us attract the numbers of clients that will make the business highly profitable. We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again.

We are quite aware that in order to become the number one choice in our city, we must continue to deliver timely and quality services and that is exactly what we will do. We are open to the use of latest technology in The Freight Packaging and Logistics Services industry.

No doubt our excellent customer service and the quality of services we offer will position us to always welcome repeated customers and handle massive deals both from government agencies and industrial giants.

Our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Spencer JT® Freight Packaging & Logistics, Co is a family business; it is owned by Spencer James Teddy and his immediate family members. The company will be fully financed by the Spencer JT family. Mr. Spencer James Teddy has a diploma in Transport and Logistics Management, BSc. Business Administration and well over 10 years of hands on experience working for some of the leading in companies in the freight packaging and logistics services industry.

  • Our Services Offering

Spencer JT® Freight Packaging & Logistics, Co is established with the aim of maximizing profits in The Freight Packaging and Logistics Services industry. We want to compete favorably with the leading freight packaging and logistics companies in the United States which is why we will ensure that every service carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Spencer JT® Freight Packaging & Logistics, Co is not just accepted in Fort Lauderdale – Florida but also in other cities in the United States of America and Canada. Our service offerings are listed below;

  • Packing goods for transportation
  • Crating goods for transportation
  • Wrapping goods for transportation
  • Freight consolidation
  • Trade document preparation
  • Storing goods prior to and after freight
  • Physical distribution consulting
  • Logistics consulting
  • Packing services for motor carrier and storage services

Our Vision Statement

Our Vision is to become one of the preferred choices of individual and organization when it comes to the demand for freight packaging and logistics services in the whole of the United States of America and Canada.

  • Our Mission Statement

Our mission is to ensure that we build a successful freight packaging and logistics company that will operate in the whole of the United States of America and Canada; a company that will grow to be listed amongst the top 5 freight packing and logistics services company in the whole of the United States of America.

  • Our Business Structure

Our business structure will be designed in such a way that it can accommodate but full – time employees and part – time / contract staff; those who just want to take some time off to generate additional incomes.

We intend starting the business with a handful of full time employees (documentation officers, professional material handlers / yard spotters and back office staff) and some of the available sales and marketing roles will be handled by freelance marketers. Adequate provision and competitive packages has been prepared for all our employees.

At Spencer JT® Freight Packaging & Logistics, Co we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. For now, we will contract the maintenance of our trucks to service provider, we don’t intend to maintain a very large overhead from the onset.

But as soon as the business grow and stabilize, we will assemble our own in – house maintenance team. Below are the business structure and the roles that will be available at Spencer JT® Freight Packaging & Logistics, Co;

  • Chief Operating Officer (Owner)
  • Admin and HR Manager
  • Freight Packing and Logistics Manager
  • Marketing and Sales Executive (Business Developer)
  • Accountant
  • Material Handlers / Yard Spotters / Forklifts Operators
  • Customer Services Executive / Front Desk Officer

Roles and Responsibilities

Chief Operating Officer (Owner):

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Freight Packaging and Logistics Manager

  • Responsible for operating IT systems for the organization, negotiating and agreeing contracts, developing and confirming schedules, planning for and negotiating technical difficulties
  • Serves as project manager of the organization; works directly with employees
  • Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
  • Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
  • Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Maintains quality service by establishing and enforcing organization standards.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
  • Makes certain that the diamond cutting and polishing department perform efficiently, coordinate employee efforts, and facilitate communications between management and technicians
  • Ensures that the organization work in line with international diamond cutting and polishing best practices.
  • Allocates and records resources and movements on the transport planning system.
  • Ensuring all partners in the supply chain are working effectively and efficiently to ensure smooth operations.
  • Handles physical distribution consulting services
  • In charge of logistics consulting services

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Designs job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Oversees the smooth running of the daily office activities.

Marketing and Sales Executives (Business Developers)

  • Identifies, prioritizes, and reaches out to new clients, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects.
  • Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represents Jolly Brothers Moving and Storage Service in strategic meetings
  • Helps to increase sales and growth for Jolly Brothers Moving and Storage Service.

Accountant

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managers with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for the company
  • Serves as internal auditor for the company

Material Handlers / Yard Spotters / Forklift Operators

  • Responsible for handling packing goods for transportation
  • Responsible for handling crating goods for transportation
  • Responsible for wrapping goods for transportation
  • Freight consolidation
  • In charge of trade document preparation
  • Responsible for storing goods prior to and after freight
  • Responsible for handling packing services for motor carrier and storage services

Customer Service Officer

  • Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products and, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Logistics Company Business Plan – SWOT Analysis

Going by our vision, our mission and the kind of business we want to set – up, we don’t have any other option than to follow due process. Following due process involves hiring business consultant to help us conduct SWOT analysis for our business. Spencer JT® Freight Packaging & Logistics, Co hired the services of a seasoned business consultant with bias in start – ups in the U.S. to help us conduct a thorough SWOT analysis and to guide us in formulating other business strategies that will help us grow our business and favorable compete in the freight packaging and logistics services industry.

As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Spencer JT® Freight Packaging & Logistics, Co;

  • Strength:

Our strength are strong management, robust network serves some of the largest population centers in the U.S., size advantages, cost advantages, customer loyalty and strong reputation amongst domestic and industry players. Basically our business is centrally located in a densely populated industrial and residential estate in Fort Lauderdale – Florida; our location is in fact one of our major strength.

Another strength that counts for us is the power of our team; our workforce and management. We have a team that is considered experts in the freight packaging and logistics services industry, a team of hardworking and dedicated individuals.

  • Weakness:

Our weakness could be lack of finance, cost structure, lack of scale compared to our peers who have already gained ground in the industry. As a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business. As a new business, we are also quite aware that it will take time for us to build trust with our clients.

  • Opportunities:

The opportunities that are available to us as a freight packaging and logistics services company in the United States are online market, new services, new technology, and of course the opening of new markets. We are centrally located in one of the busiest industrial area in South Dakota and we are open to all the available opportunities that the city has to offer.

Our business concept also positioned us to be the preferred choice in Fort Lauderdale – Florida. The truth is that there are no standard and well – equipped freight packaging and logistics company within the area where ours is going to be located; the closest freight packaging and logistics services company to our proposed location is about 15 miles away. In a nutshell, we do not have any direct competition within our target market area.

  • Threat:

Some of the threats that we are likely going to face are mature markets, bad economy (economy downturn), stiff competition, and volatile operational costs. Other threats that are likely going to confront Spencer JT® Freight Packaging & Logistics, Co is unfavorable government policies, seasonal fluctuations, demographic / social factors, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where ours  is located.

Logistics Company Business Plan – MARKET ANALYSIS

  • Market Trends

The market trends as it involves the freight packaging and logistics services industry especially in the United States and Canada is indeed dynamic and at the same time challenging. But one thing is certain, once a freight packaging and logistics services company can gain credibility, it will be much easier for the company to secure permanent deals / contracts with corporate organizations, big time merchants and warehouse operator et al who are involved in moving goods and materials from one location to another on a regular basis

Most players in the freight packaging and logistics services industry are positioning their businesses to maximize profits in the industry. It is an established fact that some of the key factors that will contribute to growth in this industry include growth in the manufacturing sector, consumption, international trade and also increase in technology reliance will provide new opportunities for logistics consulting and advisory services, particularly for distribution chain networks and logistics. We are not ruling out the fact that technology can also cut some jobs in the industry.

Lastly, operators in this industry know that some of the major factors that count positively in this line of business are competence, trust, honesty, good relationship management and of course timely and safe pick – ups and deliveries. Hence they will ensure that they portray their company in this light.

  • Our Target Market

Our target markets are basically every one (organizations and individual as well who have cause to move documents, goods and materials from one location to another. In other words, our target market is the whole of the United States of America and below is a list of the people and organizations that we have plans to do business with;

  • Merchants and Warehouse Operators
  • Retailers who would want to move their goods from one locations to another
  • Manufacturers (Chemical manufacturers, and Textiles manufactures et al)
  • Households who would want to move from one apartment to another
  • Corporate organizations who would want to move from one office to another
  • Government agencies who have cause to move goods and materials from one locations to another locations
  • Churches and religious organizations that would want to move instruments and equipment et al from one location to another
  • Non – Profits and Charity organizations that have cause to move goods and materials from one location to another.

Our Competitive Advantage

The competitions that exist in the freight packaging and logistics services industry is stiff simply because anyone that has the finance and business expertise can decide to start this type of business howbeit on a small scale servicing a city or more.

Although, the freight packaging and logistics services industry requires some form of trainings and expertise, but that does not in any way stop any serious minded entrepreneur to start the business and still make good profit out of this business.

Spencer JT® Freight Packaging & Logistics, Co is launching a standard freight packaging and logistics services business that will indeed become the preferred choice of residence of Fort Lauderdale – Florida and in every other location around key cities in the United States where we intend marketing our services.

The business model we will be operating on, ease of payment, wide range of services and our excellent customer service culture will definitely count as a competitive advantage for Spencer JT® Freight Packaging & Logistics, Co. So also we have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and deliver parcels and consignments safely, and on time both locally, nationally and international level.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups freight packaging and logistics services companies) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

Logistics Company Business Plan – SALES AND MARKETING STRATEGY

  • Marketing Strategy and Sales Strategy

The marketing strategy adopted by Spencer JT® Freight Packaging & Logistics, Co is going to be driven basically by professionalism, excellent customer service, honesty and quality service delivery. We will ensure that we build a loyal customer base.

We want to drive sales via the output of our jobs and via referral from our satisfied customers. We are quite aware of how satisfied customers drive business growth especially businesses like freight packaging and logistics services.

Spencer JT® Freight Packaging & Logistics, Co is a business that is strategically located and we are going to maximize the opportunities that is available which is why we spend more to locate the business in a location that will be visible and enable us to access our target market.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Spencer JT® Freight Packaging & Logistics, Co.

Our goal is to grow Spencer JT® Freight Packaging & Logistics, Co to become the leading freight packaging and logistics services company in Fort Lauderdale – Florida which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with in the freight packaging and logistics services industry.

Spencer JT® Freight Packaging & Logistics, Co is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our freight packaging and logistics services business by sending introductory letters alongside our brochure to corporate organizations who into manufacturing, merchants and warehouse operators, households and key stake holders in Fort Lauderdale – Florida
  • Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
  • Use friends and family to spread word about our business
  • Post information about our company and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al
  • Placing a small or classified advertisement in the newspaper, or local publication about our company and the services we offer
  • Leverage on referral networks such as agencies that will attract clients who would need our customized services
  • Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
  • Attend relevant expos, seminars, and business fairs et al to market our services
  • Engage in direct marketing approach
  • Encourage the use of word of mouth marketing from loyal and satisfied students
  • Join local chambers of commerce and industry to market our services.

Logistics Company Business Plan – Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street they are operating must be ready and willing to utilize every available means (conventional and non – conventional means) to advertise and promote the business. We intend growing our business beyond Fort Lauderdale – Florida which is why we have perfected plans to build our brand via every available means.

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are set to become the number one choice for both corporate clients and households in the whole of South Dakota and beyond which is why we have made provisions for effective publicity and advertisement of our freight packaging and logistics services company.

Below is the platforms Spencer JT® Freight Packaging & Logistics, Co intended leveraging on to promote and advertise t business;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
  • Install our Bill Boards on strategic locations all around Fort Lauderdale – Florida
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations and households and corporate organizations by calling them up and informing them of Spencer JT® Freight Packaging & Logistics, Co and the services we offer
  • List our company in local directories / yellow pages
  • Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our trucks and vans are well branded with our company logo et al.

Sources of Income

Spencer JT® Freight Packaging & Logistics, Co will ensure that we leverage on our strength and the opportunities available to us in the U.S. market to generate enough income that will help us drive the business to stability. We will go all the way to explore every available sources of income in the Freight Packaging and Logistics Services industry.

Below are the sources we intend exploring to generate income for Spencer JT® Freight Packaging & Logistics, Co;

  • Packing goods for transportation
  • Crating goods for transportation
  • Wrapping goods for transportation
  • Freight consolidation
  • Trade document preparation
  • Storing goods prior to and after freight
  • Physical distribution consulting
  • Logistics consulting
  • Packing services for motor carrier and storage services

Sales Forecast

One thing is certain; there would always be individuals and corporate organizations in Fort Lauderdale – Florida and in the United States of America who would always need the services of freight packaging and logistics services companies for the various purposes.

We are well positioned to take on the available market in Fort Lauderdale – Florida and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond Fort Lauderdale – Florida to other cities in the United States of America where we intend marketing our services.

We have been able to critically examine the freight packaging and logistics services industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Fort Lauderdale – Florida.

Below are the sales projections for Spencer JT® Freight Packaging & Logistics, Co, it is based on the location of our business and the wide range of services that we will be offering;

  • First Fiscal Year-: $240,000
  • Second Fiscal Year-: $450,000
  • Third Fiscal Year-: $750,000

N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

Spencer JT® Freight Packaging & Logistics, Co has perfected our plans to charge competitive rates since we have minimal overhead compared to our competition in the industry.

We will ensure that we leverage on price to win over customers; our prices will be affordable and negotiable. The fact that our business door is open to both individuals and corporate organizations means that we will have different price range for different category of clients.

We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts. As the business grows, we will continue to review our pricing system to accommodate a wide range of clientele.

  • Payment Options

The payment policy adopted by Spencer JT® Freight Packaging & Logistics, Co is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Spencer JT® Freight Packaging & Logistics, Co will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via check
  • Payment via Point of Sale Machines (POS Machine)
  • Payment via bank draft
  • Payment via mobile money

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our services.

Logistics Company Business Plan – Financial Projections and Costing

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. As for the detailed cost analysis for starting a standard freight packaging and logistics services company; it might differ in other countries due to the value of their money. However, this is what it would cost us to start Spencer JT® Freight Packaging & Logistics, Co in the United of America;

  • The Total Fee for incorporating the Business in the United States of America – $750.
  • The budget for Liability insurance, permits and license – $5,500
  • The Amount needed to acquire a suitable Office facility in Fort Lauderdale – Florida for 6 months (Re – Construction of the facility inclusive) – $120,000.
  • The Cost for equipping the office (computers, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al): $5,000
  • Cost of accounting software, CRM software and Payroll Software – $3,000
  • Other start-up expenses including stationery – $1000
  • Phone and Utilities (gas, sewer, water and electric) deposits – ($3,500).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $120,000
  • The Cost of Launching our official Website: $600
  • Additional Expenditure (Business cards, Signage, Adverts and Promotions et al): $2,500

Going by the report from our market research and feasibility studies, we will need about $300,000 to set up a standard freight packaging and logistics services business in Fort Lauderdale – Florida.

Generating Funding / Startup Capital for Spencer JT® Freight Packaging & Logistics, Co

Spencer JT® Freight Packaging & Logistics, Co is a family business that is solely owned and financed by Spencer James Teddy and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start – up capital to 3 major sources.

Since they are the sole financier of the business, they have decided to adopt the following means to generate start – up capital for the business;

  • Generate part of the start – up capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from my Bank

N.B: We have been able to generate about $100,000 (Personal savings $80,000 and soft loan from family members $20,000) and we are at the final stages of obtaining a loan facility of $200,000 from our bank. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

Logistics Company Business Plan – Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Spencer JT® Freight Packaging & Logistics, Co is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our freight packaging and logistics services a little bit cheaper than what is obtainable in the market and also to ensure timely and safe deliveries. We are well prepared to survive on lower profit margin for a while.

Spencer JT® Freight Packaging & Logistics, Co will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Renting of office facility and renovation of the facility: Completed
  • Conducting Feasibility Studies and market survey: Completed
  • Start – up Capital Generation: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees and drivers: In Progress
  • Purchase of the Needed furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the Company: In Progress
  • Creating Awareness for the business (Business PR): In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with key players in the industry (networking and membership of relevant organizations and chambers of commerce): Completed
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