Starting
your own business is not as easy as investing money and watch it as it grows.
In a business, there are still requirements that needs to be attended and if
completed there is still no assurance that you’ll succeed. But with the proper
training of skills and leadership qualities, plus perseverance and faith,
opportunities would be never ending. And if ever, you’d be successful just
repeat the formula that you’ve used and expect your money growing.
So,
if you already know what you’re going into and have decided to start a
business, maybe you could now start to choose a business that suits you. For
me, what I think best suits me is a trucking business. For almost 30 years,
father has been a truck driver which helped us to finish college. Now, I want
to return him the favor and ask his guidance on starting
a successful trucking business in the Philippines.
With
30 years of experience, here are the things that he observed in the business:
Get the right equipment.
A truck is the heart and
soul of your company. Purchasing trucks might be the most expensive decision
you’ll ever have to face but acquiring the right trucks that suits your
business would be the key to succeeding this business.
Buying the equipment is
simply finding a financing company, paying a down payment and pay the rest from
the loan. In buying the equipment, consider fuel efficiency, its size, and its
daily maintenance.
Get the best customers.
There are limitless
opportunities for trucking business because it is vital for business in
specially for big online businesses. To get, customers participate on business
bazaars, get a website and get it optimized or do the hardcore business
approach, call businesses and ask if they need your services.
Know your expenses.
Before starting the
business you should know the prices of the following: maintenance, truck
repairs, fuel cost and labor.
Run the back office efficiently.
Develop the best process that
would run smoothly on your back office. Ensure that the processes are
well-thought and is efficient.
Avoid
cash flow problems.
In a business, it is just normal
to experience cash flow problems once in a while but when this time comes, be
sure that you are ready for it.
Regular expenses like: fuel and
repairs will eat through your revenues specially if your fleet is working
double time and is growing in numbers. That’s why saving your earnings should
be prioritized and should be only used for business operation purposes.
