Today the world has become better-connected and freight trucks play a huge role in it. With the possibility of access demand for different commodities that are not necessarily available locally has increased. And so has the demand for freight trucking.
According to various resources, freight trucking has a majority of share in the transport market and if you are planning to start a freight trucking business, a trucking company business plan can help you do it the right way.
If you are planning to start a new trucking company, the first thing you will need is a business plan. Use our sample Maxwell Truck Services - Trucking Company Business Plan created using Upmetrics business plan software to start writing your business plan in no time.
The trucking industry stood at a massive value of 732.3 billion dollars in the US in 2020 and with the rapidly increasing demand and scarcity of services, it is supposed to continue growing at a rapid pace.
Transport services are high in demand and trucking makes up more than 70 percent of the total transport services. But at the same time, the industry suffers from a scarcity of drivers.
Hence, to do well in the industry you need to plan and strategize to get the maximum out of it.
Things to Consider Before Writing Your Trucking Company Business Plan
Obtain necessary permits
The trucking business has to be run with a lot of responsibility. Because most of the time you'll be dealing with goods that need to be handled very well and delivered on time. Hence, business owners like to have transport contracts with people they can rely on.
Having necessary licenses and permits increase your reliability.
To ensure that you have all the necessary documents, make a checklist of the required legal procedures and papers.
Get necessary insurances
Due to the nature of work in the trucking industry, having all the important insurance is important before you move forward.
It saves you from unnecessary chaos and lets you focus on your business without being on your toes at all times.
It is good to have insurance for your trucks as well as your drivers, as their safety is essential given the task they undertake.
Hire the right people
The scarcity of drivers is one of the major issues in the trucking industry. Hence, it is important to look into your staffing needs as well as have a contingency plan for any of your driver's absences, to ensure that your business runs smoothly.
Apart from drivers, you'll also need accountants, managers, etc, who'll handle the business side of your company. Make a list of the positions you'll need to fill and hire skilled people for each one.
Look into funding options
Looking into your business's financial needs early on ensures that you don't face cash crunches and chaos due to the lack of funds.
Check if you'll need funding or loans for your business, look into all of your funding options and select the ones which are the most viable for your business.
Chalking out Your Business Plan
Reading sample business plans will give you a good idea of what you’re aiming for. It will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.
We have created this sample Maxwell Truck Services - Trucking Company Business Plan template for you to get a good idea about what a perfect trucking company business plan should look like and what details you will need to include in your stunning business plan.
Trucking Company Business Plan Outline
This is the standard trucking company business plan outline which will cover all important sections that you should include in your business plan.
- Executive Summary
- Products Served
- Customer Focus
- Mission Statement
- Vision Statement
- Success Factors
- Financial Summary
- 3 Year profit forecast
- Company Summary
- Business Structure
- Startup summary
- Startup cost
- Products and Services
- Market Analysis
- Market Trends
- Market Segmentation
- Target Market Segment Strategy
- SWOT Analysis
- Strategy & Implementations
- Sales Plan
- Advertising Strategy
- Commuter Advertising
- Client Referral Programs
- Direct Mail
- Online Marketing
- Operations Plan
- Locations & Facilities
- Milestones & Metrics
- Financial Plan
- Important Assumptions
- Brake-even Analysis
- Projected Profit and Loss
- Profit Yearly
- Gross Margin Yearly
- Projected Cash Flow
- Projected Balance Sheet
- Business Ratios
After getting started with Upmetrics, you can copy this sample trucking company business plan template into your business plan and modify the required information and download your trucking company business plan pdf or doc file.
It's the fastest and easiest way to start writing your business plan.
Ready to Start Your Planning?
Now that you know how to write a business plan, it's time to create one for you.
Remember that problem and market analysis are essential, but implementation is what counts. Go through the process explained in this guide to start planning for your business.
We have created Upmetrics — business plan software to simplify the process of business planning.
Our business plan builder allows you to write and customize your business plan. Our sample business plans and inbuilt help tips will help you to get started with your writing even if you are no expert. Our business plan sections and charts will make your document visually attractive.
Our financial forecasting module will create all the essential reports automatically. You need to enter numbers, and the application will do all the math to generate all your financial statements. Later you can embed those reports into your business plan.
After completing your business plan, you can download your business plan in PDF or DOC file with Upmetrics. You can also share it online with investors just by a quick link.
Customize your Business Plan
All businesses are different. So, don't hesitate to customize your business plan according to your requirements.
Even though our sample business plans are to help you create the perfect presentation for your clients and investors, it is finally up to you to decide how you're going to present your ideas in the best light.
Business Planning Resources
We have plenty of free business planning resources available to help you with your planning. You can download our resources to learn all about business planning.