Owner Operator Business Plan

Owner Operator Business Plan-45
Do you have a plan for growing your trucking company? A business plan is the most effective way to explain the stability and goals of your company.Banks, investors and other potential partners may ask to see your business plan.Having a well-crafted document to share makes a strong statement about your company.

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Your market analysis illustrates how well you know your business.

It shows your awareness of industry trends, customer needs and how your company plans to capitalize on them. Small Business Administration suggests these topics should make up your market analysis: Industry Description and Outlook – How big is your segment of the trucking industry?

You can also view sample business plans on the Internet, including this gallery of 500 example plans across multiple industries.

Below are key sections to include when writing a simple business plan for your trucking company.

There are also several software products available that walk you through creating a business plan and a financial forecast.

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Cloud-based software like Live Pan costs as little as .66 per month and can help you craft a business plan within a few hours.It can help you better understand your industry and your own company.Writing a business plan allows you to step back from day-to-day operations and see the big picture.Outline the trucking services your company provides and how you are meeting customer needs.For example, a trucking company in Atlanta might explain that it hauls flatbed loads because the southeast has a longer construction season and a large timber industry.If the reader does not find it compelling, he or she will not read the rest of your business plan.The executive summary should highlight the following: your company mission, products and services, performance highlights, financial information and future plans.It is beneficial to provide a broad range of data that explains why your company can excel in a crowded trucking market. Who are the major carriers and the biggest shippers?Your Target Market – What is your company’s sweet spot?It also explains why your company will succeed in meeting its goals.The executive summary needs to be quick, accurate and filled with good information.


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