• Trucking Business Plan

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Trucking Business Plan

Trucking business plan helps the entrepreneur to understand, to visualize, to plan and to identify risks even before making any investments in the business. Preparing a business plan involves detailed research so that all the aspects of the given business is evaluated and appropriate decisions are made. The trucking industry is responsible for most the transportation over the land. It is estimated that the Indian trucking market is worth of over $130 billion and the number of vehicles on the road will be around 6 million.

Starting the trucking business involves the major steps like starting a limited liability company, obtaining a commercial driver licence or hiring a driver with commercial driver licence, purchasing the truck, purchasing insurance policy for the business, getting permits and other legal requirements and finding the customers. The major expenses will be on purchasing the vehicles, permits and license, land for office space, storage and parking space, salary, marketing and advertisement, working capital, maintenance and fuel, software, equipment, internet, and other office supplies.

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All organizations are made up of group of capabilities that are coming from People, Processes and Systems. These capabilities are working together in a seamless manner to deliver the requisite capabilities to the customer. The various capabilities that need to be addressed in a trucking business plan are given below:

People

The people involved are the owner or CEO, Chief Operational Officer, operations manager, finance manager, sales and marketing team, drivers, customer support team.

Process

The major process are pick up and delivering goods, tracking the goods and information, phone call support and coordination with drivers, customers, and operations team, scheduling shipments, storage and warehousing, packaging and crating, vehicle maintenance, sales and marketing activities, accounting, financial transactions and more.

Systems

The required systems are like well-maintained vehicles, robust communication system between drivers, office and customers, GPS system to track the shipment, phones, internet and other office supplies.

Most of the businesses have professional bodies across the globe and being associated with these organizations tremendously helps in understanding the current trends in business. Some of the professional bodies are listed below for your reference:

Federation of Freight Forwarders' Associations in India
311 - 313, 3 rd Floor, Mahinder Chambers, Opp. Dukes Factory, W.T. Patil Marg, Chembur, Mumbai 400 071

All India Transporter's Welfare Association
M-5, Ashoka Centre, 4E/15 Jhandewalan Extn, New Delhi-110055

American Trucking Associations
950 North Glebe Road, Suite 210 Arlington, VA 22203-4181

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