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How do you expect future restrictions to have an impact?Now that you have analyzed your market, what is your strategy to gain market share?It can help you better understand your industry and your own company.
Having a well-crafted document to share makes a strong statement about your company.
The process of writing your business plan also has value.
There are also several software products available that walk you through creating a business plan and a financial forecast.
Cloud-based software like Live Pan costs as little as $11.66 per month and can help you craft a business plan within a few hours.
You can also view sample business plans on the Internet, including this gallery of 500 example plans across multiple industries.
Below are key sections to include when writing a simple business plan for your trucking company.Including the customer perspective builds the case that your services are important and in demand.The services section can also include details about pricing, the materials you haul and the industries that you serve.This section appears first, but you will want to write it after thinking through the other parts of your business plan.The executive summary is a one- to two-page overview that introduces your company and its future plans.What are your company’s strengths in the marketplace? Where do you want your company to be in five years? Having a business plan and updating it at least once a year can help your company identify and achieve its goals.Every business plan is unique, but there is a formula you can follow.Market Share – How much business does your company expect to gain within a specific time period? Pricing and Gross Margin Targets – Define your company’s pricing structure, margins and any possible discounts.Competitive Analysis – Show that you have done your homework on your competitors. Regulatory Restrictions – How have government regulations like Hours of Service and fuel emissions guidelines affected your company?Outline the trucking services your company provides and how you are meeting customer needs.For example, a trucking company in Atlanta might explain that it hauls flatbed loads because the southeast has a longer construction season and a large timber industry.