Costs of Starting Your Own Trucking Business

Share

Create a Trucking Business Plan

Start-Up Trucking BusinessSo, you’ve decided to start your own trucking business. You’re tired of “working for the man” and you want to be the master of your own destiny.  You have your own truck lined up, a few years of experience, a customer that wants you to haul for them and you have some money put away to help get you started.

You have done the research in the trucking industry; spent hours online and checked out dozens of websites including OOIDA, DAT, Tucker’s Report and more that explain authority, insurance (truck/health), profitability formulas, load boards, ELD services, compliance, taxes, etc. You’ve talked to some other drivers that either currently have their own business or used to. A family member has agreed to help you out by handling paperwork and assistance managing the load boards. You’re all set! Read more

Have Bad Credit? How to Still Get Funding for Your Small Business

Share

Have Bad Credit? How to Still Get Funding for YouFunding For Small Businessesr Small Business

Your business credit score has a large impact on your ability to get funding for a small business. This is a major obstacle for anyone with bad credit. It’s also a problem if you don’t have much credit history at all. Banks are reluctant to take any risks when it comes to lending money to businesses without strong credit. Read more

How Invoice Factoring Can Help a Seasonal Business

Share

Invoice FactoringMany businesses are seasonal and experience spikes and valleys during different times of the year. For example, if your business depends on summer tourist traffic, sales may be slow during the winter. On the other hand, you may have a business that depends heavily on holiday sales. In such cases, it can be tricky to maintain healthy cash flow during the slower periods.

There are many tactics to help offset cash flow problems. For example, you might introduce new products or services that are popular during your off season. Another very effective way to enjoy steady cash flow is to use invoice factoring, a type of financing that lets you collect payment up front for your invoices. Read more