Everyone knows that the trucking industry is booming. And, as a result, we’re seeing more and more independent trucking companies popping up. But starting a business can be challenging for anyone, especially if you don’t have a lot of experience in the industry. In this blog post, we’ll introduce you to some of the challenges facing would-be truckers and how you can start your own company without ever getting behind the wheel. If you’re reading this, there’s probably a good reason why you don’t want to drive a truck for a living. Maybe it has something to do with terrible drivers (e.g., almost everyone). Or maybe it has something to do with grueling hours and an inaccessible office both things that are common among independent drivers.
How To Start A Trucking Company Without Driving?
1. Be the Boss!
As the boss, you have to make all the decisions. You’re in charge of everything from hiring to firing and everything in between. And, as a boss, you’ll have to be responsible for everything that happens in your company. This includes paperwork, paying taxes and drivers’ insurance, etc. So it would be helpful if you could learn how to run a business without getting behind the wheel. If you can do this and still be successful, then everyone will respect you for it!
2. Hire Workers
You need employees to help with all of the tasks that are necessary for running a trucking company. You can hire workers from outside your company or from within your own ranks (i.e., other drivers). If your workers come from within your own ranks, then they’ll have to follow your rules (i.e., no drinking on the job). But if they are hired externally, then they won’t need as much training since they already know how to drive trucks before starting work with you! However, hiring independent truckers is not always an easy thing because many of them will tell you that their driving skills are better than yours!
3. Pay Truckers/Workers
To start a trucking company without driving requires that you pay workers/drivers what they deserve and can afford while also making sure that they treat people with respect while working on their trucks at all times. This is important because if you pay low wages or don’t pay at all, then you will end up with a lot of disgruntled drivers and workers that will leave your company in no time.
4. Make a Profit
As the boss, it is your responsibility to make your company profitable. You can do this by cutting costs wherever possible (i.e., hiring cheaper workers) and by making enough money to cover all the costs of running your business (i.e., paying for insurance, taxes, etc.). If you know how to run a business without getting behind the wheel, then you should be able to make enough profit from it so that you can continue doing it without making any other sacrifices like having to work long hours or being constantly on the road. Or maybe having a family would be one of those sacrifices!
5. Keep Your Workers Happy
One thing that independent truckers hate is when they are not paid on time or when their wages are too low! So as the boss, you need to keep track of everything that happens in your business and make sure that everything is paid on time every single day! To do this properly, think about things like how many hours each driver works each week; how much money they earn per week; how much money they owe in taxes; etc. This way, you will be able to calculate exactly how much money is coming into and leaving out of your business each week and if there’s any money left over, you can use that to pay your drivers and workers as well!
Why Is The Shipping Industry Booming?
1. Long Hours
The shipping industry is booming because people are now able to buy more things online and in stores. This means that they need more things shipped to their house or office, meaning that there are more truckers needed!
2. More Customers/Customers Expect Faster Delivery Times
More and more people are buying online these days, meaning that they have a longer time to wait before their goods arrive at their doorstep! In the past, customers would order goods online during the week and then wait for them to arrive on the weekend. Now, many customers expect the goods to be delivered within 2-3 days of placing their order! So this means that there will be a high demand for truckers who can deliver goods within 2-3 days of when they were ordered!
3. Increased Productivity From Drivers/Workers
There are a lot of benefits from having your own trucking company without driving! For example, you don’t have to worry about finding good workers and drivers because you already know what kind of workers you want (i.e., ones who drive well) and how much money you want them to make every week (i.e., by not paying too much). Another benefit is that if you pay your workers well enough (i.e., by paying them on time), then they will work harder for you which means that your business will become more profitable which means even more money coming in from your business making it even easier to pay your workers even better!
4. More Competition
There are more trucking companies out there than there used to be, meaning that it is harder for new companies to get their foot in the door, meaning that more people will need to get a trucking license in order to deliver goods! This means that you will have even more competition for the jobs and wages in this industry which means that you need to become even better at what you do or else another company will steal your business!
5. Increased Competition From Airlines/Shipping Companies
As stated above, there are more businesses and companies now than ever before which means that there is even more competition from other companies and businesses for the same types of jobs as well as the same wages! This means that you will have fewer jobs and less money coming in each week unless you do something about it!
Conclusion
Starting a trucking company can be challenging, but it can be incredibly rewarding. The key is to enter the industry prepared. You should know your market, your competition, and what your company provides for customers. You should also be prepared to hire employees and establish a reputation for excellence. Once you’re ready to take the leap, you’ll find that the rewards are worth all the hard work.
FAQ:
Q; How much money can I make?
It depends on how much you spend on your truck and how many miles you drive each week. The average trucking company spends about $750,000 dollars on their trucks and gets about 5,000 miles per week. Some companies get as much as $10,000 a week and some get less than $2,000 a week.
Q: What do I need to start a trucking company?
You will need to purchase a truck that costs around $750,000 dollars (and that doesn’t include the cost of the trailers). You will also need to hire employees (drivers and loaders), register your business with the IRS, obtain insurance for both your employees and your vehicle, establish an accounting system for your business (which will cost around $5,000) and hire an accountant to help with this process (at least for the first year). You will also need to keep records of all of this information so that you can file taxes accurately.
Q: How long does it take to start my business?
Your time is going to be spent researching different options for financing your business as well as researching different options for types of trucks that are available in the marketplace today; however, once you have chosen what type of truck you want it may take up to 2-3 weeks before you can purchase one from a dealership or from another company that has sold their trucks or is selling them right now.
Q: How much does it cost to start a trucking company?
Depending on the type of truck you choose, the size of your business, the number of employees you have, the number of miles that you drive each week, and other variables, your initial investment will be around $750,000 dollars (and that doesn’t include insurance or other costs associated with owning a trucking company).
Q: What are some advantages to owning my own trucking company?
When you own your own trucking company you will be able to make more money than if you were an employee for someone else; however, when it comes to taxes and regulations there are some disadvantages as well. In addition to being able to make more money than your average employee, the biggest advantage is that you don’t have any one person telling you what hours to work or what routes to drive on a daily basis; instead, it’s up to YOU how much time and how many miles you want to drive each week!
