The transportation industry is the most significant pillar of any country economy. Through this good in a bulk can be transported from one place to the other locally or internationally. Goods can be transported via road, ship or plane entirely depends on the requirement. A growth rate of this industry is very good and looking at all the facts two friends somewhere in England decided to open their transport business. They went through all the legal formalities and finally after juggling for 4 months time period they got all the approvals and with the motive of financial growth and retaining clients they started their business. Starting a freight forwarding company was a challenge for them as they never been in this stream.
Difficulties they faced such as booking appointments, executing jobs to the staff and maintaining records was the toughest challenge they faced on an initial stage. They both were doing business separately so one of them hired a professional team with the number of 25 to 30 staffs. On the other hand second one spent on buying latest transport software with maximum 3 to 5 staff member. They both were doing a great business and all sudden there was a financial crisis in the country and due to which their business got affected. The one with the huge number of staff was juggling to pay the salary because of lack of financials and on the other hand, the second one was doing great as he did the right thing in the beginning by investing on technology and hiring less staff. This crisis not only impacts the team but to the customers as well as their goods were kept on hold by the customs officer due to non-payment.
This doesn’t mean that we are encouraging here to not hire the men power but we are just describing both scenarios. In future, if you think to open up your own transport business then you need to ensure that all the scenarios, difficulties, challenges are considered in your mind and you are ready for any consequences. To start up a flexible freight forwarding company following are the things you are looking at investing in.
- Appropriate Land For Parking Your Trucks
- Appropriate Design Structure Of Your Office
- Adequate And Legal Licences
- Company Registration Certificates
- Health And Safety Certificates
- Adequate Technology To Operate And Run Business
- Adequate And Recommended Operating Tools
- Furniture For Office Space
- For Small Scale 5 To 6 And Big Scale 10 To 15 Trucks
The biggest challenge you might face running your own transport company is branding it. There are numerous ways to promote your business either manually or through the platform of technology. When we speak about the technology method then social media plays a very important role in it. Through social sites promoting your business is as easy as a cherry on a cake. Other things need to keep in a mind that when you go ahead to hire professional staff make sure you hire them through an agency as they completely do the background check of the candidate.