Are you thinking of how to start a trucking business with one truck? While entering the industry isn’t difficult, maintaining success can be challenging if your business plan, finances, and strategies aren’t sound from day one.
If you’re considering acquiring a truck to create your own trucking business, you’ve come to the right place. In this article, you’ll find a step-by-step guide that will help you start the company you wanted so much. Don’t let the transition from driver to owner intimidate you.
Write A Business Plan
Just like you would if you started a new job, you’ll also want to start your new trucking company with an organized plan, a new perspective, and a set of goals. A business plan will be your roadmap to success and can be refined as you grow over time.
Writing a plan will help you get organized, identify your goals and business turn, articulate your value proposition, and prepare for any potential obstacles in the future.
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Acquire The Necessary Units
Obviously, before starting with your company, you must be clear about what your work and transportation needs will be. Whether you want to acquire your first unit or expand your fleet, you should take certain considerations before acquiring a cargo truck.
The most advisable thing is to buy what best suits your company and business line. Similarly, choosing the right equipment to transport cargo can have a tremendous impact on your future company’s earning potential.
Remember that, in addition to all the above costs, you will need money to keep a vehicle in good condition when not in use or on the road. Invest in a secure facility and other security features, such as tracking systems.
Legally Establish Your Company
Paperwork, documents, and forms are tedious but necessary for how to start a trucking business with one truck company and get permission to transport cargo. Running a company as a properly structured corporation sets boundaries between your income and expenses, as well as your personal and business items. In addition to protecting your personal property as a business owner, you will have legal and business benefits.
Once you have the name of your company, do not forget to separate it and register it with the National Superintendence of Public Registry (SUNARP) so that you can avoid creating another business with the same corporate name.
Preparing a constituent act or minute is an important step since with this document you will establish your corporate name, the members that make up your business, as well as the turn of the company and all the assets that will be part of it. To do this, you will need to approach the nearest notary.
After having constituted your company, you must request the unique taxpayer registry number (RUC) so that you can issue invoices for the services provided and pay the corresponding taxes to the State.
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It is very important that companies have the right licenses and permits before opening their doors. Depending on the services you plan to offer, as well as the type of cargo you plan to transport, your company and/or drivers may need special permits to operate on the road.
As an owner, you must be aware of all the requirements to properly manage your business. Some of the licenses or permits you might need are:
A commercial driver’s license or light-duty vehicle license. In the case of the Towner K2500, you would only need an A1 breveted! You won’t need to upgrade your breveted to a higher one.
- Ownership cards for all your units.
- Operating license.
- Vehicle accident insurance (SOAT).
- Certificates of vehicle technical inspection
Hire Competent Employees
Even if you have years of experience in the trucking industry with a flawless driving record, you can’t operate a trucking company completely alone, at least not for long. If you decide to go the owner-operator route and drive your own truck, it can be almost impossible to do all the heavy lifting and still have time to successfully run an office at the same time.
To properly maintain and grow your business, you’ll eventually need help and a good team. In most cases, even as an owner-operator, you’ll need to hire at least one additional driver. The people you choose to work with can be just as important to the success of your business as you are.
Get Customers
Your truck maybe your company’s revenue-generating machine, but without customers, this vehicle will never be used. If you’re getting into the transportation business, chances are you already have at least one or two customers in mind that you intend to serve. Otherwise, you’ll need to market, network, and advertise your business right away.
In the digital age, having a good website and understanding how to market through social media are also essential steps. Although you may only have a small number of customers when you start, your ultimate goal should be to diversify your customer base through an effective sales strategy.
The logistics and transportation industry is highly competitive and has great potential for professional truck drivers who understand the trade. If you are ready to start a transport company, we hope that this guide has been very helpful.
Towner K2500
Travel and work in complete safety thanks to the Towner K2500 cargo truck. This vehicle comes equipped with a 2 497 cc diesel engine with a turbo intercooler charger (TCI), which can reach a maximum power of 128 HP / 3800 rpm and a torque of 255 N.m / 1500 – 3500 rpm.
With a 6-speed transmission, this truck has a maximum capacity of 1500 kg and, depending on the version you choose, you can have up to 6 seats in the cabin. You will be ready to carry out an infinite number of loading and logistics jobs! Guide the truck that will help you fulfill all your driving and work needs.
How to start a trucking business with one truck and Your brand is what your company stands for, as well as how the public perceives your business. A strong brand will help your company stand out from the competition.
How To Promote And Market A Trucking Company
Simple ways to promote your business include creating a website, handing out business cards at networking events, and hiring a business consultant to help you network in the industry.
How To Keep Customers Coming Back
The trucking industry is very competitive and as such you will need to find a niche or another way to bolster the success of your business.
Some of the areas you may specialize in include:
- Rental Carriers
- Courier Companies
- Private Carriers
- Refrigerated Shipping
- Owners-Operators
- Food Trucks
