Transporting goods across long distances have become important in the Philippines. It became a big industry today because of the booming economy of the country. Without a good trucking service, goods won’t be delivered on time. If this happens, businesses will be affected and the Philippine economy will suffer. This reason is good enough why you should invest on this industry. But before you start planning about your business, I’ll give you some pointers that can help you start a trucking business in the Philippines.
Pointers in starting a trucking business:
Core Customers
Before starting any business, you need to have 1 or 2 customers. Take care of them and treat them well so that they can help you grow business over time. Give them your best service on a cheap price, it is the best way to keep in pace with your competitors.
Capital
Fuel, truck payments, insurance and other costs makes up your capital. Trucking is a very expensive business, put up at least 90-120 days of operating capital to keep your business running. This should be an additional cost to your starting capital.
Start Small
Operating your own business is very different from a regular job even if you have experienced a day to day management job before. Being the owner, driver, bookkeeper, and salesman while dealing with irate customers, traffic and other problems is what you’ll have to deal with in a trucking business. Even a one truck company is very difficult to manage but once you learn the tricks of the trade, it will get easier.
Seek Professional Advisers
Every company needs an advice. Seek an accountant, an attorney and an insurance agency that is currently working with trucking companies. This is a very big business with high risks involved. Consulting someone who is inexperienced will probably lead you into bad results and worse, being bankrupt.
Starting a business is really difficult at first but proper planning and management plus patience are the main ingredients of becoming a successful businessman.
Like this post?
Visit our site here, http://metrocombined.com/services/trucking-services/.
Pointers in starting a trucking business:
Core Customers
Before starting any business, you need to have 1 or 2 customers. Take care of them and treat them well so that they can help you grow business over time. Give them your best service on a cheap price, it is the best way to keep in pace with your competitors.
Capital
Fuel, truck payments, insurance and other costs makes up your capital. Trucking is a very expensive business, put up at least 90-120 days of operating capital to keep your business running. This should be an additional cost to your starting capital.
Start Small
Operating your own business is very different from a regular job even if you have experienced a day to day management job before. Being the owner, driver, bookkeeper, and salesman while dealing with irate customers, traffic and other problems is what you’ll have to deal with in a trucking business. Even a one truck company is very difficult to manage but once you learn the tricks of the trade, it will get easier.
Seek Professional Advisers
Every company needs an advice. Seek an accountant, an attorney and an insurance agency that is currently working with trucking companies. This is a very big business with high risks involved. Consulting someone who is inexperienced will probably lead you into bad results and worse, being bankrupt.
Starting a business is really difficult at first but proper planning and management plus patience are the main ingredients of becoming a successful businessman.
Like this post?
Visit our site here, http://metrocombined.com/services/trucking-services/.