If you’re looking for a fantastic business to start in the last half of this year, you have come to the right place! There are many business opportunities now, mainly because of all the disruptions to the supply chain (another thing to blame on COVID-19).
Transportation has once again been thrown into the limelight lately. Many businesses have turned to eCommerce to sell their wares, and now there are more trucks on the road than ever before.
If you’re thinking of starting a transportation business, but you’re unsure of which type to choose, there are eight excellent options listed below. Choose the one that fits you and your situation the best.
1. Taxi Service
Starting a taxi business is easier than you might think. All you need to do is scope out the competition in your area and decide if it is a viable option for you. Find qualified and polite drivers that you can trust, these employees will be the cornerstone of your business, and your company’s success will depend on their professionalism.
The most important part of a taxi business is to ensure that you focus on excellent service and your cars and well-maintained and clean. The only thing you need to worry about is getting your paperwork in order and making sure that you have good insurance coverage.
2. Limousine Service
Deciding to start a limousine service can be a lucrative business, but you need to navigate through a few hoops first. These hoops include securing finance for your fleet, purchasing the vehicles, and complying with the legal requirements for owning such a business.
The limousine industry is made up of two very different market groups. There is the corporate market, which means you will mainly be transporting businesspeople around in luxury vehicles, and then there is the special occasions market. The special occasions market wants to hire limousines for special events like proms and weddings.
Once you have figured out which market you want to appeal to, the entire process will be a lot smoother. Just make sure that your fleet is properly kitted out with all the luxurious added extras, like music, lighting, and Wi-Fi.
3. Courier Service
With the exponential rise in demand for eCommerce products, a courier service is one of the best businesses you could start right now. The only thing you need to focus on, and I mean really focus on, is making sure that your service is reliable and the parcels don’t get damaged. The fastest way to kill a courier company is by dropping the service levels.
You do not need a fancy fleet of vehicles for this one; you could even start a courier company with just a bicycle. Obviously, that will not enable you to make a ton of cash, but it is a great starting point if you cannot secure finance for anything else.
4. Truck Operator
To start a trucking business, you need to ensure that your business plan and financial plan are solid from the start. You also need to refine your recruitment process; you want to hire only the best of the best. Your drivers are going to make or break your business so choose them wisely. There are a lot of different recruitment agencies to choose from, so don’t worry about that part.
The second most important step here is to acquire the right fleet of trucks. You can make this process run smoothly and efficiently by jotting down a list of your requirements. Think about distance, price, brand, and maintenance costs, and then look online for international trucks for sale.
5. Moving Van Rental Company
All it takes to start a moving van rental company is a few permits and a van. Everything after that can be entirely up to you. Owning a transport business like this can be profitable, provided you know a few things first.
There are quite a few businesses like this out there, so think of something that you can offer your customers that your competition currently does not – this can include things like a packing or route-planning service.
6. Seniors Transport Shuttle
This could very well end up being the most rewarding business you will ever open. Older folks sometimes have a really bad reputation for being stubborn and ungrateful, but they are the furthest thing from that – you need to spend a bit of time getting to know them.
Senior citizens are often unable to drive themselves around due to various reasons, so that is where a business like yours would step in. Remember to buy the right vehicle for the job, particularly one that has wheelchair access.
Think about starting small, like offering weekly trips to the grocery store, doctor’s rooms, or the local library. Once you get to know your customer base, you will be able to plan your routes more efficiently.
7. Medical Courier Service
Hospitals and clinics often need specialised equipment and specimens carted around, and they aren’t comfortable with just hiring a standard taxi service to do that. Buy yourself a van and start promoting your business to all the healthcare providers in your area.
Soon you will find yourself transporting all sorts of emergency medical things around; keep in mind that these things are often time-sensitive, so you need to be a responsible and efficient driver to succeed.
8. Logistics Company
To start a successful logistics company, you need first to make sure that you understand the unique requirements that come with this type of transport business. You need to make sure that you are an excellent planner and possess the required organisational skills. Logistics is a big game, both locally and internationally, so you need to be sure that you are adequately ready for it.
To get funding for these businesses, they will each require a well-thought-out business plan. Spend some time going over these ideas one by one until you know which one would be the correct choice for you. There is no hurry so take your time to make sure that you make the right choice.