How do I Develop a Business Plan for a Trucking Company?

A business plan is the foundation of any company, regardless of its type or size. It can be requested by banks when deciding on loans, investors, and other potential counterparties. It also helps you survive the toughest economic times. If you don’t already have a business plan, we suggest you read our article. We promise, the information will be useful.

Of course, no two business plans are exactly the same. But there are general guidelines, which we will tell you about next.

Managing Summary

Although this section is the first, it is best completed after all the other parts of your trucking company business plan are ready. A management summary consists of one or two sheets that contain information about your business and future plans for it. It should be concise and clear at the same time.

A good management resume includes:

• The mission of the trucking company;
• The services provided;
• Planned outcomes for specific periods;
• Monetary component, etc.

Description of the trucking company

Here, the history and background of the business is described in as much detail as possible, as well as:

• basic information, including names, first and middle names of owners, year of incorporation, state of incorporation, etc.;
• advantages over competitors.

Make an emphasis on the latter.

List of services

Tell about the services provided by your trucking company. Not superfluous would be to give a couple of lines on how you meet the needs of customers. For example, a trucking company in Atlanta might argue that our southeast is more likely to have a longer construction season and a larger timber industry.

A list of services can be more than just a listing. It is also helpful to add prices, specific loads that can be transported from point A to point B, etc.

Analyze the part of the market in which the trucking company will operate

Show how well you know your industry. To do this, provide data on the following items:

• A description of the area and its potential.
• Target audience.
• The uniqueness of your trucking company.
• Pricing and profit margins.
• Competitive environment.
• Legislation.
• Marketing strategy and tactics