Create a business plan for your trucking company.
Focus on the strategies that you will use to be successful, including what types of accounts you will service.
Include business projections about what you expect to generate in earnings. First list startup costs and monthly expenses.
Set up a limited liability company for your trucking business. Most home-based trucking business owners prefer the LLC business model because of the lack of formality involved in running it.
It also provide you with limited personal liability. To set up an LLC, you will need to file articles of organization with your state and pay a filing fee. Consult with your CPA and Attorney.
Obtain a commercial driver's license or CDL. This will require you to take a specific driving exam and pay a fee to the state.
Secure a truck for your business. You could purchase a new truck, but a used one will get the job done as well.
Regardless of which type of truck you buy, make sure that it is big enough to haul the type of freight that you plan on hauling.
If you plan on hauling food, you may need to get a refrigerated truck.
Buy an insurance policy for your business. You will need an insurance policy to protect your truck from damage and you will also need a liability insurance policy to cover any damages that could arise while hauling.
Find customers for whom you can haul freight. If you have experience in the trucking industry, you may call on some of the clients for whom you have previously worked. Call companies that may need freight shipped and offer your services.
Marketing Ideas for a Trucking Company
You'll need a
LOT of money.
Big payments can be a killer.
You'll also need a big fistful of cash for working capital, when you're first starting out: cash for out of pocket expenses, insurance (if you're an independent trucker), meals, oil changes, unexpected repairs.
. You'll need a good credit rating.
Must have a stable relationship or no relationship.- Family.
Need accounting, legal & business advisers.
. Good health, stable health condition is imperative.
Also, the authorities can yank your license away at the blink of an eye, due to health issues such as diabetes, sleep apnea etc. They do not care about your bills and payments, so beware.
Be prepared for a long term financial commitment.