There are over eight million truckers in the U.S, which shows it’s an attractive career option for many.
Owning your own trucking business has many perks, from being your own boss to creating your own schedule. Although it feels overwhelming, learning the basics will help you start your new venture. Perhaps you’re currently struggling to start your own business and you’re looking for guidance.
Sounds like you? Don’t worry, you’ve come to the right place. Read on to learn how to start a trucking business today.
Get Driving Experience
Before you learn how to start a trucking business, it’s important to get driving experience. To become a professional trucker, you must get a commercial driver’s license (CDL) as it shows you can control your own and start fleet tracking multiple vehicles when you have the funds.
It’s also wise to get experience driving for other companies. This will teach you the inner workings of the business and help you keep up with the latest industry updates.
Create a Business Plan
Creating a trucking business plan is essential, as it lets you flesh out your financial goals. It should also reveal your revenue and expenses so you know where your funds are going.
If you’re feeling overwhelmed, hire a business advisor. They will guide you through the process.
Apply for Licenses
Our trucking business guide wouldn’t be complete without mentioning the importance of licenses and permits. At the minimum, you need an International Registration Plan, especially if your vehicle is over 26,000 pounds and will travel between states. Note, regulations vary between states, so research to prevent any potential problems.
Get Insurance
Before you start your box truck business, make sure you get insurance. You must get your public liability, cargo, and physical damage insurance. Plus, most states view insurance as a legal requirement, so don’t overlook this step.
Apply for Funding
Figure out how you’re going to fund your trucking company. For instance, many entrepreneurs use their savings or work with a business partner to bring their dream to life. Note, starting will cost around $80,000, as you must buy a fleet, maintain your vehicles, and register your company.
And you mustn’t forget to research SBA loans. They have great repayment terms compared to other options.
Market Your Business
Marketing your trucking business is key to reaching your target audience and staying relevant in your industry. Make sure you’re present on several social media channels and engage regularly, as it shows customers that you value them. You should also build a website as it will boost your SEO ranking and drive sales.
Start a Trucking Business Today
Hopefully, after reading this article, you know how to start a trucking business.
Start by getting driving experience, create a thorough business plan, and apply for licenses. You should also secure funding and harness the power of digital marketing, as it helps you stand out from the crowd. Good luck!
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