Writing a business plan for a trucking business

Writing Writing a business plan for a trucking business Want to succeed with a new company? Then follow the tried and true rule that gets proven over and over and over again: Write a business plan. It will almost double your chances for success, and if you are going to need any kind of funding it is essential.

Writing a business plan for a trucking business

Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types.

So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.

Partnerships A partnership, according to the IRS: Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the company. Corporations A corporation is a separate legal entity owned by shareholders. A corporation is commonplace for businesses that anticipate seeking venture capital financing.

S-Corporations You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level instead, it would be taxed as a pass-through entity.

If you have not yet incorporated Describe the type of company you plan to open, along with the registered name you plan to use. Explain your rationale — for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure.

Management Team For start-ups, and especially those seeking financing, the Management Team section is especially critical.

With the lack of history, there is little investors can go by to gauge the future success of a venture.

Is Creating a Business Plan a Total Waste of Time?

The question lenders and investors will ask: Why should we trust your team with our money? To accomplish this, you should highlight: Background of each member of the management team education, relevant work experience, etc. Roles and responsibilities within the company.

writing a business plan for a trucking business

For established businesses If you have an established business the information you want to present is the same. Keep in mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company.

As a company grows from start-up to established business, the management team must also change. What is a Board of Directors?

In a publically trading company the Board of Directors is elected by the shareholders and is the highest authority in the management of the company. For our purposes context of a private company that is most likely a startup or small but growing businessa Board of Directors is comprised of investor sfounder sCEO and independent board member s who have substantial business and industry experience.

What is an Advisory Board?The Home of the 4 Hour Investor Grade Business Plan. Faster investor quality documentation using HyperQuestions.

Trucking Company Business Plan – Publicity and Advertising Strategy Any business that wants to grow beyond the corner of the street they are operating must be ready and willing to utilize every available means (conventional and non – conventional means) to advertise and promote the business.

A typical business plan has the following elements: The Executive Summary highlights key information and insights from your entire business plan. It's the last section that you'll write, and the first one people will read. Business Description presents background information, defines what's important for you and your business, establishes specific .

Jul 19,  · The first step in setting up a trucking business is to write a business plan. It presents the main focus of the business and a clear plan for how it will work.

writing a business plan for a trucking business

Mike's Trucking Service general freight trucking business plan executive summary. Mike's Trucking Service is an established freight trucking services provider hoping to capture the majority of the market throughout Texas. How to Start a Travel and Tour Business; Starting a Laundry Shop Business; How to Start and Manage a School and Office Supplies Store; How to Start and Manage a Preschool or Day Care Center.

Writing a business plan for a trucking business