The continuous growth of new businesses on the market increases the need for transportation of both commercial and industrial goods. The logistic and trucking business is one of the most profitable businesses at the moment as it provides tremendous opportunities. Every product, regardless of type and size, in order to reach the final destination, must be transported. And most of the time, this is done via trucks. Even products which need to be dispatched overseas, require the services of a trucking company to transport a product from seller’s premises to the airport. Therefore, establishing a trucking company is a good way to increase your profits. However, even if you are a successful businessman, entrepreneur or simply a flatbed truck driver, starting such kind of business requires planning and careful consideration of all options available. But many people either do not know enough about the benefits that can be gained from the trucking business or simply are afraid to start such company. The guide which is presented bellow is designed to help those who have a desire and intention to start a trucking company.
Starting a trucking company is very challenging. The returns and benefits can be enormous, but this largely depends on the type of trucks you invest in, employee experience and number of projects. The start up of such company requires:
- Creating a business plan
- Registering the company with the state and Australian DOT (Department Of Transport)
- Obtaining necessary permits and licenses
- Marketing the services which your company will provide
- Getting appropriate equipment and hiring experienced staff
Purchasing trucks and hiring skilled people is probably the most important element to consider. It is better to hire people with prior experience, perfect driving record and good people skills. Also, investing in right tractors will help you build successful business. For example, many purchase only box trucks without considering the fact that these truck cannot carry heavy machinery. Your best option is to invest in different models and most certainly get a flatbed truck. These trucks are very practical and are perfect for transporting farming equipment and goods. Flatbed truck is perfect as it features easy loading and unloading; it is easy to handle and maintain. Flatbed truck are ideal for oversized loads loads.
Another thing to consider when starting a trucking company is the type. You can either be a privately owned with own trucks and steady employees or hire sub-contractors. Hiring sub-contractors refers to using the services of drivers who have own trucks and are not employed by you. This option does not require buying flatbed trucks and employing drivers. Your input cost is smaller, however, you will have less control over the drivers and profit is not high. Privately owned trucking company requires higher initial investment such as getting a warehouse to park the trucks, purchasing trucks and hiring drivers. However, your profits will be higher. Trucking business is challenging, the benefits it offers make it very appealing and attractive.