How to write a business plan Last Updated:
This document presents the main focus of the business, its mission and goals, and its clear plan for how the business will operate.
Creating a business plan for a trucking company requires a careful look at the operational and financing specifics of the business within the requirements of the trucking industry as a whole, as well as the individual objectives for that company.
Describe Your Business Describe your trucking business in detail. Write down a description of the business that you are starting, including your reasons for starting it and the specific type of trucking that you will do.
Make notes about the cargo that you intend to haul and the companies that you intend to work for. Remember that trucking companies specialize in carrying goods from one location to another instead of actually supplying those goods, so you need to have or begin developing relationships with the companies that manufacture the items your drivers will transport.
Identify Your Financial Situation Identify the financial costs and expected gains from your trucking business. Describe the capital that you currently have or can obtain such as through loans or grantsand specify the costs that you anticipate for running the business, including employee pay and insurance and licensing expenses.
Note the number of trucks you plan to have, and pinpoint the cost of purchasing, driving and maintaining the trucks. Cover such details as cost and expected return for the first three months to provide yourself with a clear financial goal as you get the business off the ground. Consider Marketing Describe the marketing and advertising that will support your trucking business.
Decide if you will hire an outside firm or keep the marketing in-house.
Allocate the costs for marketing and advertising, taking into consideration how much you want to spend on marketing the business and how much of a return you expect from the marketing. Specify the type of marketing that you will use, whether it is in the Yellow Pages or in trade magazines.
Utilize charts and graphs that will show projected results. Specify Operation Details Identify the management and operational details for your trucking company. Specify who the drivers will be and how you will hire them. Reliable trucking companies have highly credentialed and experienced drivers who are familiar with maneuvering the highways and getting the cargo to and from their destinations in time.
Explain how you will maintain the licensing requirements for trucks and drivers and how you will implement health and safety regulations for the company. Banks and grant agencies require business plans before they will provide the financing for the company.
A clear business plan that shows how you plan to operate the trucking company and offers graphs showing projected costs and growth will help you get the funding that you need.The Business Plan format is a systematic assessment of all the factors critical to your business purpose and goals.
Here are some suggested topics you can tailor into your plan: A Vision Statement: This will be a concise outline of your business purpose and goals.
Business plan examples. Read example business plans on the Bplans website.
How to write a business plan. Get detailed information about how to write a business plan on the Start Up Donut website. I have had the pleasure to be on both sides of the table (writing and reading business plans).
This article summarizes 7 things that are often forgotten or done wrong. The business plan includes financial statements and an executive summary.
How to create a business plan, with all sections, in easy steps. The business plan includes financial statements and an executive summary. Now that you have completed writing your startup .
If you have a business idea but don’t where to start, this article is for you. If you have a startup that’s progressing slowly or maybe needing venture capital, this article is also for you. The business plan is one of the greatest learning experiences an entrepreneur can encounter.
Write a business plan - overview A well-researched and written business plan is an essential tool. Discover how to structure and write a business plan and what information to include.