How to start haulage business in Nigeria
Kickstarting haulage and logistic business isn’t difficult, only if you get it kicked in the right way.
Earning money as haulage and logistic owner, as a staff or transporter anywhere worldwide, is a good thing, though it involves high capital and is full of risks. Read on how to start a haulage business.
Do you need the techniques involved to start a haulage and logistic company? Are you searching for the guidelines, rules, procedures, and steps to take in other to operate haulage and logistic business smoothly?
To own haulage and logistic company, operate a smooth fleet of interstate commuters with luxurious buses and minibuses, etc., you must know and be conversant with several routes and cities within the country you operate.
Haulage and logistic company basically deal with transportation. It is necessary to note that this company is not dealing with transporting of human beings only; in fact, haulage and logistic company earn massively in conveying goods and products (both raw and finished materials) with the company “trailers” and “tankers” from coast to coast.
They make thousands of dollars per trip, awesome, right? Yes… you too can make and earn more than this income steadily by setting up your haulage and logistic company own in and outside your state.
Essentially, to start haulage and logistic company, you are required to take into consideration the following surefire steps involved to run this business without any problem now and thereafter successfully.
How to start haulage business in Nigeria
1.Draw your Business Plan
Since you are starting the business from scratch, you will need to sit down and draw out your business plan. If accurately and adequately drawn, the haulage and the logistic company will not have any problem whatsoever.
Highlights in your plan what will be the mission and vision statement of the company; the number of the staff to be employed cum numbers of the vehicle to secure; several luxurious buses, minibuses, trailers, and many more. All these are what is expected of you to do before anything.
Ensure that the business plan is drawn so that it will be easy for you to execute. Ensure that there is no form of error or mistake in the business plan because if they exist, the haulage and the logistic company are bound to have a problem.
2.Embark on Survey
Obviously, it is essential to embark on a thorough survey before kick-starting this business. You need to research the competitive markets of haulage and logistic business.
Know the cities people patronize more and often, which goods, products, and services are really fetching in money, how much is being charged on hired and charted luxurious buses, to mention but a few.
To succeed, make a profit, and maintain steady cash flow in haulage and logistic company, it is daunting for you to embark on a market survey to see how the business is being operated. There is no harm in contacting or visiting an already exist haulage company to seek help and guidance on how the company could be run efficiently, effectively, and successfully.
While highlighting the steps to take in starting haulage and logistic company, location as an important step should never be jest with. You will need to look out for a very lucrative and commercial environment vast enough to grace the purpose of the business to be established.
During the course of your survey, you will get to see the kind of environment that suits this business. A narrow area is not encouraging because of the nature of the vehicles and long buses driving in and out of the company. Look for an area with a T-Junction to enable a U-turn and easy movement of the transportation means.
4.Register Your Haulage and Logistic Company
Your haulage and logistic company must be duly registered with the government agency responsible for the transportation scheme. Also, you are to incorporate the haulage company with the Corporate Affairs Commission (CAC) before your company can take off the haulage and transportation business across the state lines.
Your interstate and intrastate commuter buses and long vehicle or “goods-only” trailer should have an inscription of your company for easy identification and protection under your company’s name.
If your company operates an intra-city commuter shuttle, cab, or taxi within a specific city or state, you may not necessarily need to wait for government accreditation. However, be informed that there are major forms of business registration you need to do with local transportation agencies or authorities overseeing shuttle commuters across and along every designated city route.
For interstate commuter luxurious or minibuses, articulated-lorry and trucks, tankers conveying people, products or goods across interstate boundaries, you are expected to have with you the legal clarification and certifications before operating your haulage and logistic business or else, you will run foul the law and may have your vehicles seized.
5.Employ good and experienced drivers
Remember Haulage and logistics business is a hazardous one; you wouldn’t want to lose your trucks to bad and less experienced drivers. The need to employ drivers to run your haulage business is paramount, and it’s advisable to take a proper background check-up about the drivers from the past business organizations he has worked with to give you a head-up to know whom you are working with.
Having met up with the government requirements for your logistics company’s certification and accreditation, you should do next to ensure you have insurance covers for your vehicles. Your “goods-only” tankers and luxurious buses are encouraged to have a valid and solid insurance policy coverage to protect your business if there are any auto mishaps.
Obtain a comprehensive and valid insurance policy per trip for your luxurious buses, trucks, lorries, and tankers before setting out for business. Multiple insurance companies could yet underwrite such high-risk insurance cover to ensure that compensation claims are evenly spread among them when the ‘God-forbid’ claims arise.
If you followed all the explained steps sequentially, then your haulage and the logistic company are fit and ready to kick off; hence, without wasting more time, kick start!
If you need a bankable business plan on the haulage/logistics business at affordable price, please don’t hesitate to contact us on WhatsApp via https://wa.me/+2349012957163.