5 Must-Have’s If You’re Starting a Trucking Company

Starting a trucking company requires you to wear many hats and put out a lot of fires in the beginning. The bigger the company you’re trying to start, the greater the demand for your resources becomes. While there are many things you will need to get your trucking company up, running, and off-the-ground, these are five essentials your business cannot thrive without.

1. Trucks

This might seem like a no-brainer. But, depending on the type of trucking company you want to start, you may have unique and specific needs for your trucks. It’s a good idea to have a solid idea of the type of trucking company you plan to create as well as the goods you plan to haul in your trucks, before you begin making big purchases for your trucking company.

2. GPS Fleet Tracking

GPS tracking for startup trucking companies is one fundamental you can’t afford to go without. You have competitors in your industry who are likely to have this highly useful tool already. Without GPS tracking for startup carriers, you’ll be operating at an extreme disadvantage and may not be able to get a leg up on your competition as a result.

3. Fleet Insurance

Auto insurance is another vital resource your startup trucking fleet must have. You can’t operate without it and would be taking on monumental risks to even attempt to do so. One important thing to know is that having GPS fleet tracking on your trucks can help you save up to 15 percent on insurance premiums.

4. A Hiring Plan

Another essential for any trucking company is a solid fleet of professional drivers. This means you need to have an effective plan for hiring them and bringing them onboard. This includes things like explaining their benefits, verifying their experience, checking references, researching driving history, etc. Hiring drivers is a huge responsibility. After all, these are the people who represent your company on the road. You need a process to make it as seamless as possible.

5. Financial Means to Survive until Profitable

Businesses take different amounts of time to become profitable. Chances are that your trucking company will require at least three years of consistent effort and growth before becoming truly profitable. You need to be able to weather a few financial storms and keep your business afloat until the profits start rolling in. That requires capital of your own or investors to share the risk.

Once you have these essentials in place, the rest often seems to fall into place. While they are not the only things you will need to get your business off the ground, they are each critical.

Here at LiveViewGPS, we’ve helped many start-up trucking companies with GPS fleet tracking. Contact us today at 1-888-544-0494 to learn how we can help you too.

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