Do you want a trucking business?, Read this
Do you want to have a trucking business? read this before. In the analysis of the supply crisis hitting the country, the shortage of truckers in the US has come to light. The American Association of Truckers itself indicated in a recent study that 80,000 more drivers are needed to move all the merchandise that is produced and consumed in the nation.
Faced with such demand, many people have decided to go into the trucking business. If you are one of them, we want to share some small tips to keep in mind before taking the plunge. When a businessman makes a mistake, it doesn’t matter if his intention was good or not, it will cost him money.
The first step should be to write a business plan, which will be the roadmap to follow. There must be identified the objectives, the deadlines for their achievement, the target market, the skills of the company’s partners. In it, you should describe if you need financing, steps to obtain it, the existing funds, the services you will provide, the possible obstacles, and the way to avoid them. It should be detailed how you will obtain the necessary documentation, licenses, and permits and how you will keep the business accounting.
In addition, a well-developed plan is the best cover letter to the bank to obtain the necessary financing to start your business.
The business plan itself will tell you how to proceed at all times. If you can start working with a second-hand truck or a new one is essential. It is not the same route that someone with great skills as a mechanic should follow as a person who only knows how to drive.
On the other hand, developing the plan will help you make the important decision to continue with the idea or to discard it.
A fundamental point of this plan should be the insurance of the company. Without which, the business cannot be carried out. Take into account the different coverages that the company will need, such as liability coverage, physical damage, cargo, or Bobtail, which by the way, the sum of all coverages can exceed $ 12,000 per year. Do you want to have a trucking business? read this before. But if you call Univista Insurance you will get the cheapest truck insurance, helping to turn the trucking company you crave from a dream to a reality.