Do you want to start a hotshot trucking company from scratch? Or you need a sample hotshot trucking business plan template? If YES, then i advice you read on.
The need for businesses and individuals to move cargoes (documents, parcels and equipment) from one part of town to another part of town is an activity that has become part and parcel of a normal business life. There are people who are taking advantage of this need and they have successfully created services that will take care of the need – hot shot business.
If you have knack for logistics and a sound business mindset, you can comfortably start your own hot shot business and make huge returns on your investment especially if the business is positioned in a busy business district. Hot shot trucking business involves helping organizations and individual deliver their equipment, documents and parcels within the shortest time possible and this is usually done by truckers who drive smaller rigs.
Of a truth people who are in the haulage and courier industry are known to make huge profits especially if they have a good clientele base, but you stand the chance of making more money when you start your own hot shot trucking business.
Just ensure that you obtain the right license, insurance cover and the ideal truck base on your business plan and what you intend transporting. You also have the option to operate independently; that means you will source for your own clients and you can partner with a company. The bottom line is that you stand the chance of making cool cash from hot short trucking business even if you decide to run the business as a part – time business.
Let us quickly consider seven steps that you can follow if you desire to start your own hot short trucking business from the scratch and then build it to profitability within the shortest time frame possible;
Starting a Hot Shot Trucking Company – Sample Business Plan Template
Table of Content
- 1. Conduct Your Feasibility Studies
- 2. Obtain the Required Driver’s License
- 3. Register Your Business and Purchase the Required Insurance Cover for the Business
- 4. Purchase or Lease a Mini – Truck
- 5. Get a Lawyer to Prepare Your Contract Documents for Clients
- 6. Source for Clients
- 7. Explore Avenues to Expand Your Business
Without the best of feasibility study about a trade, you cannot go far. As a result conducting a feasibility study about the hot short trucking business before dabbling into it is very essential. You will need to read up a whole lot on the subject. If possible you may consider spreading your tentacles by looking for books on this area at the local bookshops or the internet.
You can also browse the internet for dynamic information about this. When you do this exhaustively, then you stand the chance of going into the business armed with ample knowledge.Here is a sample trucking company business plan template you can start with.
2. Obtain the Required Driver’s License
You do need to have at the back of your mind that you cannot in any way start this business without first getting a driver’s license. It is for that reason that you will need to get your driver’s license as soon as possible. So, be sure that you already know how to drive a truck.
If you do not know jack about driving a truck, then you may find it important to do so. There are a number of driving schools that offer such services. Once you know you are able to do this, then you can move over to the step of obtaining a driver’s license.
3. Register Your Business and Purchase the Required Insurance Cover for the Business
Place your business on visible radar and get your business registered. One of the ways to effectively do this is by going to the chamber of commerce office, or the corporate affairs office to pull this off. You have got to decide whether you want this business to be in partnership with someone, or whether you want it to be sole proprietorship coy.
4. Purchase or Lease a Mini – Truck
By now through your research and depending on the country you reside in, you would have known how much this type of business is likely to gulp. After that has been established, then the next thing for you to do would be to purchase or lease a truck.
Purchasing a truck is no child’s play in terms of the amount of money involved – but you may also consider leasing one if you do not have the wherewithal to out rightly purchase one. On the other hand, you can look to acquire a fairly used type as against going for a brand new one which in any case serves the same purpose.
5. Get a Lawyer to Prepare Your Contract Documents for Clients
Now is a good time to get your lawyer involved. This means that you would need the services of an attorney to help you prepare documents for each contract you enter with a client. This is very vital because you do not want to fall out with a client when you do not have the clear teams spelt out. Also, have at the back of your mind that you may likely have to settle the attorney monetarily. So be sure to agree won the attorney’s fee before dealing.
6. Source for Clients
The role of marketing in any venture cannot be over flogged because it is very essential. Therefore, you need to have very solid trucking marketing plan in place. For such a business as hot short trucking, you may need to place adverts on the newspapers, the radio, as well as the internet. For the internet, look at starting a website and blog. Also, you can print fliers and brochures placing the right contact information about your business there.
7. Explore Avenues to Expand Your Business
Even after getting clients in, you have got to continue being on your toes, you do not have to relent in expanding your business. One of the ways to stay successful in any business is to continue to look for ways to expand. That way you are sure to continue to attract customers from here and there.
Would these steps really help you get things done rightly as you start out in this trade? You bet! These are time tested tips that have helped those who are already successful in the trade. You too can look to aim for attainment in this field as you focus on acting on these tips.