How
to Start a Trucking Company From Home
Step 1
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.
Step 2
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.
Step 3
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.
Step 4
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.
Step 5
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.
Step 6
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
SUMMARY
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.
.
