You’ll probably need to take a business loan to buy commercial vehicles, GPS, communication equipment and online invoicing software to send invoices, quotes and track expenses.
At the beginning you’ll probably have to wear various hats; i.e.
Transportation business is one such business which has always been on the hit list of the entrepreneurs as it has a very impressive return on investment if you can manage it well.
And the best part is you can start your transportation business with one single van or vehicle and then grow as you expand.
If you love driving and have an entrepreneurial spirit, why not turn your passion into a source of income?
A driving business can provide any driving service: taxi, delivery service, chauffeur service and so on.
Insuring the vehicle is not the only thing you need to consider but you need to also insure all the goods you are carrying from one place to another.
The all in one insurance which is little costly can provide peace of mind to your customer and you at the same time.
Your business plan should include your competition analysis, a financial plan (startup costs, operating costs, expected expenses and income), an operating plan and an overall description of your driving service business. Besides business licenses you’ll need to make sure you have the appropriate driver’s licenses to drive your business vehicles.
Any costs for obtaining these licences should also be mentioned in the business plan.