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Trucks and drivers are in big demand in this vast country. Combine your love of the great outdoors, some hard work and good management skills and you could join those truckies on the open road who are making big profits.
Developing business skills to match your excellent driving skills is the key to this game. This is a multi-million dollar market which is expanding fast.
Researching your market and identifying target market segments will be vital if your business is to be a success.
Market research can mean the difference between success and failure and many a business has folded because business owners failed to properly consider their target market prior to starting their business.
Your markets are companies that haul freight. If you hire on and work under a company's permit your work will be defined by that company's routes and categories (eg. milk, steel, cattle, etc.). Working through agents is the second alternative for finding business with the ultimate goal of directly reaching a company's purchasing agent.
Another consideration will be your business premises. Truckies virtually live out of their rig and move from one roadhouse to another for about 50 weeks of the year. The tractor cab therefore becomes your home and office while on the road.
However, when starting your business you may want to consider beginning in a home-based operation. This way you will have minimal start-up costs. You will need to consider, however, where you will store your truck and any other additional equipment.
You may be able to keep your truck at your premises, however, you may need to consider other locations.
All this and much more is outlined in this guide. It investigates market potential, what to consider when choosing business premises and location, what equipment you will need, what to consider when it comes to costs and stock, how to effectively operate your business and the tax and legal issues you should be aware of.
Remember, not only is starting a business a major life-changing decision, it is also a major financial investment. As a result, you will need to make sure you are fully aware of the commitment you are about to make and what is involved.
This guide will help you to arm yourself with the appropriate information. Information that is accurate, up-to-date and applicable to your individual circumstances.
This industry is a great opportunity for a sharp operator who hates the thought of riding a desk and wants to be the boss!
| Average net profit before tax | $36,000.00 | | Average startup investment | $196,000.00 | | Minimum startup investment | $137,000.00 |
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