You would be required to acquire different permits and licenses. Another challenge militating against the success of trucking businesses is bad roads. The last but not haulage business plan in nigeria least challenge of starting a trucking business is getting good drivers.
The last but not the least challenge of starting a trucking business is getting good drivers. Another option is to look for subcontractors. This is one of the major reasons people stay off this business, there is no doubt that to run a haulage business you will require a huge amount of capital especially for startup.
So, go ahead and fire up your investment portfolio with one of a kind investment opportunity in haulage business in Nigeria. N, With this rough estimation, you have been able to understand what profit possibility that is opened to you if you decides to setup your own haulage company in Nigeria.
In conclusion, the trucking industry is quite a tough terrain to break into, but the reward is worth it. The owner would have to register the vehicle with the client company and also may be obligated to service or maintain it regularly depending on the stipulation in the contract.
Thinking of starting a business in Nigeria today. Operating as an Independent Transporter As an independent transporter, the owner of the truck can decide to operate the truck by himself or hire a driver to convey items and products to whoever needs such services. This step is very important when planning to venture into the business because the outlay of the business the very large.
The trucking industry, share similar fundamental and technical factors all over the world. Usually, they drive roughest when they are about their business without the knowledge of the owner because they are trying to save time.
The Trailers can conveniently make as much as N, to N, in a month, but all the expenses listed above has reduced the monthly take home of the Truck owner to between N, to N, in a month. When you subtract that from the amount you charge, you find out that most of the money goes to fueling alone.
This study will ensure that you know all the necessary complexities of the tipper business. The owner may be paid monthly, quarterly, semi-annually or annually usually dependent on his inclination and what is suitable for the client company.
Renting out trucks to haulage companies Independent Operator You operate your truck and obtain contract from oil marketers all on your own as an independent operator.
Never trust a mechanic too much. Get your own Sample haulage business plan in Nigeria! The act or process of hauling. The capital needed would heavily depend on where you are purchasing your truck and who is helping you purchase.
I will be showing you practically, how to start a livestock farm in Nigeria. You have to be ready to deal with dishonest drivers, shady mechanism, accidents and all sorts of challenges that are certain to come up at some point in this business.
Another important factor to look into when starting a trucking business is your management strategy to handling payload and clients. Start — up Capital For the trucking business, you need capital and lots of it. This is very important as well. Ensure that you own the helicopter and just lease out the space where you will keep the vehicle.
Your Personality You should be concerned first about your really want to do.
The company will be incharge of all your trucks as wells as the process of lining and paying drivers. The current paralysis of the rail system in Nigeria, has made road transport, the only effective means of conveying heavy goods from one point to another within the country. Customer services and relations.
Doing that gives you the chance to do other things and make money. The population is there and the environment is good. On the other hand, the company may decide to pay a fixed amount for each trip made on a particular distance, if that is to the liking of the owner.
This way the contracting client is in charge of handling all the risks and burdens of the business while you just get a stipulated amount of money at the end of each month or year, depending on the prescription of the agreement.
A good management team is very necessary to running a successful trucking company.Like every serious business, there risks in involved in operating haulage services in Nigeria and understanding these risks will help you plan your investment properly.
Below are some of them. 1.
There are many opportunities for investors in the haulage business in Nigeria. With a proper foundation laid in a good business plan and a methodical execution of the plan together with attention to the critical areas listed above, you can surely have a successful haulage venture in Nigeria.
Tipper Business Plan in Nigeria – Tippers are used for an assortment of haulage in Nigeria just as anywhere in the world. They are used to transport sand.
Haulage business was known as a millionaire venture years ago and today, most people will disagree. But a recent research which I conducted, with my team of fellow entrepreneurs here in Nigeria proved that haulage business is still a lucrative business anyone can start and make money.
How to start fuel haulage business in Nigeria Filed in Business Idea, Business in Nigeria, Business Plan, Business Research by Ekemini Ekpo on August 21, • 2 Comments Haulage business: Welcome Friend! Starting A Haulage / Trucking Business In Nigeria - Sample Business Plan / Proposal - The haulage and logistics business is among the most lucrative business.
But many people don’t engage themselves in this business because it is considered risky with a capital intensive nature.Download