Starting Your Own Cartage Company

by

Bryan Miles

Being a truck driver now can sustain the needs of your family, but would it not be nice to give an even better life for your love ones? If you already have an experience in the cartage industry, why not start your own company? Here are some of the things you need to consider if ever you decide to go for the cartage business. It is an industry that is still booming despite the threat of recession.

Like any other business, of course you need to put up the necessary capital to get your business going. Expect a trucking business to drain your finances for it will require a huge sum in terms of capital. Depending on the market you want to cater to, a cartage business will need approximately $10,000 to $50,000 as start up cost. You can get business loans from banks and other financial institutions. To make your loan application work, better draw up a concrete business plan first so you have something to present to the lending firms.

During the planning stage for your business, take in mind all the laws, rules and regulations that will affect your cartage business. Get to know more about the state registration process and procedures, IFTA licensing, necessary permits, taxes and BOC-3 filing. If you are not an expert in this field, hire a compliance professional to help you out.

The next decision you have to make in starting your

cartage company

is to categorize the type of freight you want to carry. Land transportation is dominated by trucks. Some examples of freight you can consider are durable goods, wet and dry freights.

Most

cartage companies

hire lawyers to draw up the contracts for them. Just specify to the lawyers your preferred offers, charges and other specifics of your business. Make sure you offer something unique to your future clients to make them choose your company over the competition.

Lastly, a successful

cartage company

hires drivers that can be trusted. You can either hire a driver and keep him on your payroll or you can look for drivers with their own trucks. For the latter, you may pay them in percentages from your profit.

Go to www.www.douglasdelivery.com for more information.

Article Source:

ArticleRich.com