Archive for June 5th, 2009

Starting A Trucking Business

So you think you want to start your own trucking business, eh?  Well, there is some planning that you might consider before venturing out on your own.  If you Do these things first, your chances of a successful and prosperous company are excellent.  Here is part one of three parts.  Enjoy your reading!

7 Things to Consider Before Quitting Your Company Job

Believe the unbelievable and receive the impossible!

1. First of all, you must see the end of something before you can begin it! What do I mean by that? When you invest in stocks or real estate, all the top producers in these vocations will tell you that you must have an exit plan before you invest. It is the same way with your new business.  You must know where you want to end up before you begin the journey.  For example, you want to haul dry goods coast-to-coast and make a minimum of $175,000 per year before expenses.  If that is your end result, then you have an idea where to begin.

2. Write out a business plan (Put article here. Find one.) It’s easy with the right information. In your business plan include 30 day goals, 90 day goals, 1 year goals and 5 year goals. Written ideas become realized dreams. Give yourself 6 months to prepare for the move.

3. Will you be an owner/operator or get your own trucking authority? My suggestion is to be an owner/operator first before getting your own authority. This will give you the experience of self-employment with the security of running under a company’s authority. For more information on obtaining trucking authority, download my E-book here: A Working Man’s Guide to Starting a Trucking Business and Getting Trucking Authority. It is always a good choice to get incorporated. See our Members Access page for all the state specified agencies where you can apply for your corporate name yourself. This is one of the steps in getting your own business where you can save yourself a lot of money by doing it yourself instead of paying someone to get you incorporated.

To be continued in Part Two….

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