The Business Plan

Discussion in 'Ask An Owner Operator' started by lentz1, Jan 4, 2017.

  1. lentz1

    lentz1 Bobtail Member

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    If I'm planing to make transportation a business, when do you start writing the Business Plan ? I don't have my CDL yet !
     
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  3. tscottme

    tscottme Road Train Member

    Do you mean you are going to have your own authority & run your own trucking company or lease a truck onto a trucking company and own-operate 1 truck.

    I would STRONGLY suggest you work in the industry before you bet real money on making a profit.
     
  4. street beater

    street beater Road Train Member

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    Step 1: get truck
    Step 2: ............
    Step 3: profit.
     
  5. Toomanybikes

    Toomanybikes Road Train Member

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    Do you need help with understanding a business plan or trucking?

    Seems like you need both. The structure of this forum or any other is not likely to give you the help you need.

    I sure we can come up with some bad answers for both inquiries.
     
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  6. Pepper24

    Pepper24 Road Train Member

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    Why do you need to write out a business plan? What do you even put in this business plan?
     
  7. Ridgeline

    Ridgeline Road Train Member

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    When?

    Now.
     
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  8. gokiddogo

    gokiddogo Road Train Member

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    If you are borrowing money from a lender that lender will want to see how you will make money with the money they lend to your business. Of course you could find a lender who doesn't check any of that (your personal bank account perhaps?) and doesn't care about making money on what is loaned to the business for operating and startup costs...
     
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  9. Ubu

    Ubu Road Train Member

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    It’s impossible to write a business plan that will be of any use getting a loan for a industry you have no knowledge of. Get a CDL and job first and after a year or two you can start on a business plan.

    See https://www.google.com/#q=how+to+write+a+business+plan and https://www.entrepreneur.com/article/247575 for a start on the basics of what a lender will want to see in a business plan.
     
    TROOPER to TRUCKER Thanks this.
  10. Pepper24

    Pepper24 Road Train Member

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    Ok didn't know that since1993 I've bought a total of 6 trucks and two trailers with bank and finance companies never had a written business planor were ask to have one..who are you dealing with that ask for a written business plan to buy a truck?
     
  11. Pepper24

    Pepper24 Road Train Member

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    Are you buying a truck or wanting to borrow a million dollars to start a multi truck company and a terminal..never been ask for a written business plan to buy a truck or trailer?
     
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