You must be prepared to deal with dishonest drivers, shady mechanics, accidents and all sorts of challenges that are certain to come up at some point in this business.
The population is there and the environment is good. Hiring a terrible driver or being involved in an accident is going to be a disaster; not only to the finances of your company but also to your brand image, so recruit wisely.
A major advantage of leasing is that it affords the lessee the opportunity of paying for goods procured over a long period of time.
Whether you will haul solid, liquid or gaseous substances you have to know if you are going to haul durable goods or perishable goods. As stated over and over in this article the haulage business is one that is full of risks and challenges, most of which are not planned for.
Alexa Rating For reasons of efficiency, it is advisable for you to take a very close look at the nature and requirement of the different niches and choose one depending on your location, circumstances and passion. In this model of haulage business, you will be serving only one client, usually a multinational or big manufacturing company.
If your plan is to start a small — sized haulage business, you may be able to handle the administrative and marketing functions yourself but for a larger sized comparies, you may have to employ staff to support with administrative and clerical duties as well as marketing and promoting the business.
The types of cargo you will be able to carry will determine the type of clients you will work with. Getting Funding for Business in Nigeria has dependably been an issue when beginning a business. A Trailer Tanker cost between N3 to N3.
There are few questions you should ask yourself that will help you come to a conclusion, a few of them include: Finance, Investment And Growth In Nigeria Finance lease is the most common type of lease in Nigeria and the rest of the world substantially.
Accordingly a large number of direct freighters, managers, shippers and indirect insurance, finance, packaging, handling travel agencies, transit operators employment are associated with transport.
Maintenance issues will always arise, and when they do, you would need the right maintenance services to put the vehicle back in order again. Operating lease encompasses the short — term line of equipment such as trailers, motorcars, barges or boats.
In a quarry site which has been acquired by a quarry company with license from the government to break and sell to the public. If you can afford the startup costs and are looking to start your own haulage business, then this post is for you, as it discusses the basics you need to know about the haulage business in Nigeria.
Financial requirement can also range from a few thousands of Naira to millions of Naira while organizational size required for haulage business will also vary. So, the requirement for haulage can range from a delivery tricycle to a panel van, a pick up van, a light truck, a delivery van, a tipper, a trailer, a low loader up to a crane.
Do you need a detailed sample of a trucking business plan template or feasibility study report? Below are some of the risks, and downsides of haulage business. Firstly, let me go ahead and give a quick definition of what a haulage business is. Petroleum products are among the classes of goods that require almost every day movement from one part of the country to another.
While the initial investment is quite huge, you can easily get it back if you make the right management decisions.
Operating as a contractor or sub-contractor: As a final note, this is all the advice I can provide for now on how to start a trucking business.
The last but not the least challenge of starting a trucking business is getting good drivers. A good business plan will include the following: For instance, you can check out these business opportunities for truck owners and then take the questionnaire below, Will you be engaged in transporting bulk goods or would you be leasing trucks to businesses in the transport industry?
Then, you should also think of ways to beat your competitors and brand your business so that it can stand out from others in the industry.
However, getting an honest driver is like looking for a pin in an ocean. The trailers can conveniently make as much as N,00 to N, in a month, but all the expenses listed above has reduced the monthly take home of the truck owner to between N, to N, in a month.
It serves as a guide during start up and in the management of the business. However, all these companies have stringent entry procedure and requirements, so your option going in as an individual may mean merging with some other persons in the business. Will you haul solid, liquid or gaseous substance?
Although profitable, Haulage is Laden with a lot of risks and challenges. Arrange the Company Management Strategy: You can also consider to look for subcontractors. Operating as an Independent operator or a haulage company: You can also consider to look for subcontractors. Thus, the more efficient transportation becomes, the larger the markets that can be serviced and the larger the scale of production.
The act or process of hauling. This dream of yours will definitely ensure a very comfortable living for you and your loved ones…… Guaranteed.Myself and group of friends are planning on starting a haulage business in Nigeria and would like find out how viable this business in Nigeria.
We have manage to source 10 trucks (4 petrol tankers, 3 flat back truck, and 3 Container chasis trucks). Haulage business was known as a millionaire venture years ago and today, most people will disagree. But a recent research which I conducted, with my team of fellow entrepreneurs here in Nigeria proved that haulage business is still a lucrative business anyone can start and make money.
Even in the manufacturing countries, haulage business cannot be overlook not to talk of a consuming country like Nigeria, the importance of haulage business cannot be over emphasis. Grade A Fairly Used Clothing / Feasibility/business Plan On Cooking Gas Refilling Plant / Ice Block Making Machine Available For Sale.
Sections. Starting A Haulage / Truck Company Business In Nigeria - Sample Business Plan / Proposal BUSINESS PLAN Starting A Haulage / Trucking Business In Nigeria - Sample Business Plan / Proposal - The haulage and logistics business is among the most lucrative business.
Haulage Business Plan in Nigeria – Feasibility Study on Haulage Business The haulage business which is also referred to as the logistic business is one of the most lucrative businesses in Nigeria presently, even though a lot of people do not maximize the opportunity of this business because of the supposed capital intensive nature as well.
Haulage business simply involves transporting heavy loads from one place to another, using trucks and other heavy-duty vehicles. And it’s one of the most lucrative businesses in Nigeria.
However, starting the business requires huge startup capital.Download