To bring your wishes to life and make them a feasible goal, you need proper planning. But before making a good plan, you need to harvest information regarding your venture of starting a transport business.
According to Statista report, the global smart transportation market projected to reach about 5.54 million US dollars at a compound annual growth rate (CAGR) of around 19.5 %.
1. Research the Transport Industry
There are many ways of conducting proper research, many big firms have a large team of analysts who research and prepare a proper business plan for their companies, but if your startup is low on the budget that cannot afford a professional analyst, you have one of the best tools named Google.
With the right questions, you can receive any basic elements of transportation planning & management.
Questions to Ask before Starting a Trucking Company
The questions mentioned below are some of the most common queries that people have on starting a transport company. These questions will give you a rough pattern on how to ask the right questions to get accurate answers to your doubts.
General Startup Query
- How to start a transport business?
- How to start your own transport business?
- How to start a vehicle transport business?
- How much will it cost me to start a van/bus/car transport business?
- How to start a non-emergency transport business?
- How much money will it take to start a transport business?
- How to start a car transport business using a dually?
Service-Specific
- Car transport business
- Auto transport business
- Medical transport business
- Hotshot transport business
- Logistics transport business
- Auto transport broker business
- Dog transport business
- Motorcycle transport business
- Cash transport business
- Livestock transport business
- Transport business for senior citizens
- Pharmaceutical transport business
- Ambulance transport business
- Body transport business
- Wheelchair transport business
- Non-emergency transport
- Medical waste transport business
- Freight transport business
Location-Specific
2. Choose Your Transport Niche
Taxi Services
- Commercial taxi service
- Limousine chauffeur service
- High-security clientele transport
Medical Transport Services
- Ambulance transport
- Non-emergency medical transport
- Pharmaceutical transport
- Medical waste transport
- Body transport
Shuttle Transport Service
- Airport Shuttles
- Prison shuttles
- Party shuttles
- Inter-city shuttles
- Sightseeing buses for tourists
- Private contract shuttles (transport company employees, school students)
3. Documenting Your Transport Business
Permits for Transport Startup
All the permits depend on what type of service you opt to offer from your transportation service company. For example, if you offer shuttle service, then you need permits to operate heavy vehicles like bus, stretched vans, etc.
Similarly, if you offer ambulance service, then you need permits for vehicles with proper medical kit and devices in an ambulance as per official regulations mentioned for emergency medical assist vehicles.
Registrations for Transport Company
Your business should be registered in the service you offer with concerning government body. Also, you need to have a business license to run a company and registered with the IRS for tax filing. You will most importantly need to register with the area, province, or national transportation department.
4. Buy Vehicles for Your Transport Business
- Is the vehicle new or used?
- How many vehicles are you buying?
- What type of vehicle are you buying? (car, van, bus)
- Are you buying or leasing the vehicle?
Also, if you purchase a large fleet of vehicles at once, then you may get a substantial discount from the dealer on your purchase. Buying the right vehicle for your transport company is the most critical decision you’ll make for your company.
SEE ALSO: What is The Business Model of Uber
5. Marketing Your Transport Company
Even the best product in the world needs someone to say it is best to attract more people. You need to let people know that you exist and how they will get a better option than the usual transport.
Here are some tips on advertising your company:
- Place an advert in the local telephone book. Even though telephone books are old school, many people still use them.
- Build a mobile app for your company that people can use to book rides online.
- A trendy website is a must for any startup company.
- Make the business cards and car decals with QR code which people can scan and get instant information about your transport business.
Still Confused on How to Start Your Transport Business?
If you are still confused on where to start from then you can talk to our business analyst who will suggest you a personalized business plan, specific for your transport company.Contact us to learn more.
