Thinking about opening a light duty trucking business? We tell you what you need to know to get started.
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Best Practices for Writing a Light Duty Trucking Company Business Plan
Many new light duty trucking business owners feel unprepared for the challenge of writing a business plan.
Fortunately, you don't have to tackle your light duty trucking company's business plan by yourself. These days, there are tons of great resources and solutions available to support the business plan writing process.
If you're feeling overwhelmed, take a look at Gaebler's Business Plan Help section for a list of business plan writing resources.
Take a Look at the Competition
Well in advance of opening a light duty trucking business in your town, it's worthwhile to find out how many competitors you have. We've provided the link below to help you get a list of local competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of light duty trucking businesses near you.
How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.
Find Good Remote Business Advice
If you want to open a light duty trucking business it's a smart move to learn from folks who are already in business. If you think owners of nearby light duty trucking businesses will give you advice, think again. What's in it for them?
But, a person who owns a light duty trucking business in a location that is not competitive to you can be a great learning resource for you, once they realize that you are not going to directly compete with them in their community. Many business owners are happy to give advice to new entrepreneurs In my experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.
What's the best way to find somebody who runs a light duty trucking business in another city who you can speak with?
It's easy. Here's a link you can use to find a mentor outside of your area.
Pros & Cons of Buying a Light Duty Trucking Business
Although there are significant benefits to buying a light duty trucking business (rather than launching a startup), it's important to weigh the pros and cons before you commit to a purchase scenario.
BENEFITS: Acquired light duty trucking businesses should be profitable right out of the gate; they should also be capable of demonstrating a loyal customer base, brand identity and operational efficiencies.
DRAWBACKS: Acquired light duty trucking businesses sometimes have entrenched processes and systems that run counter to your business objectives. If an acquisition target appears unmalleable, move on to another prospect.
Explore Franchising Options
Buying a franchise makes it a certainty that you can leverage ideas and systems that have been tested and proven over time.
Before you consider starting a light duty trucking business, a smart move is to assess whether franchising might make it easy to get started.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you already are in business and came here to learn about growing an existing light duty trucking business, these resources will come in handy:
If you came here to learn about selling to light duty trucking businesses, you're in the wrong place. These resources are more appropriate for you:
If you are still exploring all of your options, please browse our directory of guides below.