Yeah, having connection with companies that rent trucks is very important. But if you have the money to buy it, it may be the best option.
Trucking service is a good business to start
- Thread starter Starmix
- Start date
Starting a trucking business can be challenging due to high startup costs, tough competition, and the need for a solid understanding of regulations and compliance issues. Hiring and retaining qualified drivers and maintaining a fleet of vehicles can also be difficult.
its a great business but its not cheap to run it. I used to work for a moving company and the cost to service the truck was just to much for me. Not to mentioned the breakdowns they had on a regular, especially since the trucks could go outside the country most times, when they have a breakdown in a foreign country we would struggle to get the truck fixed in time since we had to take time finding people to help fix the truck asnd that on its own sometimes delayed delivery of goods and it really didnt paint a good picture of the company.
Haulage is high capital intensive business. It involve a lot of risks therefore insurance should be considered seriously.
Anyone who owns a car and not just being in trucking business, always take it for servicing once in a while.
- Thread starter
- #29
Agree with that, it is also a risky business. It requires big capital and hood truck drivers who are also experienced and licensed. They must also be insured against accident and their salary must be according to the standard salary rate mandated by the government. It is a very good business and difficulties will be experienced only during some months of operation.
I also want to use my car for uber but I think it may not work because I would prefer to drive it myself, but I'm still contemplating on trying to use it at least to generate some income.
Trucking business is a very lucrative business you can look into because you can capitalise on it to make a lot of money for yourself. I have a friend whose father did trucking business some time ago and from what he said, it is very lucrative.
I have seen so many people trying out this business and I found out that it is a profitable business.
- Thread starter
- #35
That is so right trucking companies must insure their trucks, drivers and helpers. There is no second chance for an accident. It is better that way than feel sorry. It's for the family's protection.
Definitely, trucking business is a very lucrative business venture and several people who I know that are into the business makes a lot of money from it. the major disadvantage is that it takes a lot of money to get started.
To start such kind of business, you will need a huge amount of capital because it is capital intensive but it is lucrative.
In the old days, we used to have a family business that sells finishing materials of buildings, houses, etc. For us to get the materials from the suppliers, we need to avail the trucking services. The owner can earn lots of money from renting their trucks. It is a good business.
To rent a truck for a day is very expensive. I see this as a good source of passive income. And the returns come regularly because people would rent it often.
Definitely, it is only for people who already have a lot of money and they are looking for different ways of investing it. But the business is very lucrative because I know someone who have been in the trucking business before.
