Opening a small trucking company can be a great idea for someone who is experienced in the industry and is willing to take on the responsibility of being a business owner. To get a good start, the aspiring business owner should figure out what to specialize in, register the company, find customers and hire employees as needed.
1. Choose a Specialty
A new entrepreneur may find that they want to try to branch out and do as many jobs as possible, regardless of what they are. This does not always work, especially for a small business that is just starting out. A small company may only have one or two trucks and drivers, limiting the quantity and type of product that is able to be hauled. It is impractical to use one or two trucks to haul everything from furniture to frozen goods to dangerous chemicals. Pick one market segment to cater to and stick to it until the company is established enough to safely diversify.
2. Complete Necessary Paperwork
Once the specialty has been selected, the company should be registered properly so that it can legally conduct business everywhere it goes. Insurance and other protection, such as small trucking companies group plans, should be obtained in case of any accidents or legal issues.
3. Secure Clients
There are many ways companies can find clients. Forums and websites exist that bring trucking companies and clients together to form relationships. Local companies that may have shipping needs can be approached through emails, letters or fliers. Going to places to speak with people personally can also be a good way to make connections. Networking with friends or other people in the industry may lead to introductions with potential customers.
4. Hire Help
While one person may be able to do everything without help, it may be a good idea to find someone to handle the office tasks. If the owner is on the road for the majority of the week, they may find that they do not have enough time to complete tasks such as creating and sending invoices, depositing checks or answering phone calls. Depending on the needs of the company, someone may be hired to work in an actual office building, or a virtual assistant can be brought on to handle things from anywhere in the world. When the company starts to grow, you’ll need additional drivers. Posting job listings with a driver application form can get you the help you need to expand.
Being an entrepreneur comes with challenges, but it can also be extremely rewarding. The owner can do something that they love and provide a valuable service to others while doing it. As long as the business owner makes good decisions and follows the laws, the company can be profitable for decades.