Writing a business plan for a trucking business

Lastly, our employees will be well taken care of, and their welfare package will be amongst the best 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 objectives.

start a trucking business step by step

Competitive Analysis — Show that you have done your homework on your competitors. Distinguishing Characteristics — Explain the critical needs of potential customers and how your company will meet them. Sales Strategy — Describe the vision for your sales force.

business plan for trucking owner operator pdf

Specify who the drivers will be and how you will hire them. Specify the type of marketing that you will use, whether it is online and in social media or in trade magazines.

Target market for trucking companies

ELDs, for example, have plenty of benefits and fleet management features for aspiring owner-operators and business owners. Sales and Marketing Now that you have analyzed your market, what is your strategy to gain market share? If you run your own trucking business, you even get to keep more of the profits. As a matter of fact, our first port of call will be to connect with the nearest Chamber of Commerce; we are likely going to get our first major deal from them. Below are key sections to include when writing a simple business plan for your trucking company. For example, a trucking company in Atlanta might explain that it hauls flatbed loads because the southeast has a longer construction season and a large timber industry. Writing one may be a lengthy process, but it can help steer your company in a positive direction. Where do you want your company to be in five years? We will work hard to ensure that get repeated business from any business deal we execute and also we will encourage our customers to help us refer their friends to us. First, it provides a document to show prospective investors. Small Business Administration, www.

How is your company different from competitors? Reliable trucking companies have highly credentialed and experienced drivers who are familiar with maneuvering the highways and getting the cargo to and from their destinations in time.

flatbed trucking company business plan

Divide your proposal into easy-to-digest sections. Begin with a one-page summation of your proposal, then go further in-depth, informing your reader about the kind of freight you plan to haul and where, then the staff you will employ and their qualifications, and so on.

Writing a business plan for a trucking business

The executive summary should highlight the following: your company mission, products and services, performance highlights, financial information and future plans. These are the areas we intend generating our start — up capital for our 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. Who are the major carriers and the biggest shippers? As Steve Strauss notes, this will make you seem honest to possible investors. Preparing your trucks for the road Before commercial vehicles are allowed to haul cargo, carriers must prepare for one last set of requirements. Specify who the drivers will be and how you will hire them. Having a business plan and updating it at least once a year can help your company identify and achieve its goals.
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How to Write a Trucking Business Plan