Transport and logistics business is getting popular nowadays. The for foreign transport regularly increases at a high rate for example in South Africa foreign transport demand increases between 200% to 250% in these 15 to 20 years. Therefore, transport and logistics business are the most favorite business of nowadays in the world. There some difficulties to start this business and all is due to the lake of knowledge or less knowledge about this business. Many people can get full benefit or profit due to lack of knowledge and expertise.
Here’s some suggestion to star transport and logistics business.
How to star transport and logistics business;
Following are some things that you need to start your business;
First you have to check the scope of your business whatever business you are going to start. In the transport and logistics business scope varied. Scope vary from one man who run a small truck and offers it services for transport to the transport company that offers its services with many vehicles.
To start a transport business can be tough this not because you need heavy investment but because you need to be more reliable.
Threats to the transport business are not only the accidents, congested road, and highways, traffic fatality, injuries, but money or finance issue are as well. Do not be over confident. Make sure that you have the required ability then start it slowly. Skills mean driving skills and license as well as finance and business skills.
Another thing that is for worry is vehicles schedule, duty rosters, and maintenance program. Do not make the business your headache; you just need to relax and think about the job offered. Think and understand that is that thing for which you are looking, will it be profitable if not then walk away.
It is easy to start the business, but it is difficult to sustain the business. Anyone with minibus or mini truck can enter in the transport business. This thing increases the competition at the bottom end of the market.
In some cases, a person can enter into this business with low or no money or capital. That person can only rely on the revenue from the business to cover all his expenditure. This lack of income or capital curtails the activity of the market that will result in an increase in income.
Another thing that will be helpful in the transport and logistics business is the business partner. A good business partner is need of almost all businesses. A business partner can help full to cover your capital losses. He can invest capital, and you work and the profit is divided as decided between two partners.
Some country like South Africa offers some manuals known as SMME starter kit that is designed to start the business. It includes ideas and instructions on how to get into the transport and logistics business, how to collect important information, how to secure your contacts, and calculate your financial projections.