Do you need a business plan for trucking? Trying to write your own trucking business plan but getting stuck on the market analysis or the financial model? You're not alone. Trucking business plans are straight-forward in some ways, but there are real challenges to putting them together well. For example, what do you identify as the market? Does it depend on whether you're driving long-haul or short-haul routes? Are there different sections you need to cover if you're presenting the plan to a bank as opposed to a trucking line? And how much do you need to worry about things like marketing or implementation—staples for most industries, but secondary concerns in the trucking space? These are all valid questions. Here are some tips for trucking business plans:
(1) The market opportunity has much more to do with the current industry demand than geography or population, so your market analysis may not need to profile any one area
(2) For the industry figures, use the Census Bureau website or Dun & Bradstreet to get current figures on the state of the trucking industry
(3) As for competition, if you're hoping to drive truck for a certain line, determine who *their* competitors are
(4) In the financial model, a 3-year forecast of revenue and expenses should be sufficient, but make sure your funding source doesn't need to see a 5-year model
If this task seems too daunting there is always MasterPlans. As professional business plan writers, we have prepared more than 8,000 business plans for presentation to VC firms, banks, and private investors across a wide range of industries. We use an in-house team of expert financial modelers, writers, market analysts, editors, and Project Leads to take your information and turn it into a beautiful, funding-ready business plan. Call 877-453-2011 to speak with a consultant today about your trucking business plan.
If you are ready to go, or not sure what kind of plan you need, fill out the form below and we'll call you.