Haulage and Logistics Business Plan in Nigeria 2020 PDF

Haulage and Logistics Business Plan in Nigeria

Usually there is a popular name for this business and it’s called trucking business. Now you understand what I mean by Haulage and Logistics Business Plan in Nigeria. If you have ever come across those people who do this kind of business, and if they are truthful to themselves, they will tell you that it’s very lucrative business. Funny enough, this business is a very none attractive one. Not so many people are into it. We did a very thorough researched analysis as to why many people are not into it and we noticed just one trend.”stress”. They see the stress as something they can’t marry. But guess what? It is a very productive and profitable businesses to venture into and i tell you this with all genuineness, “it is a profitable business”Haulage andLogistics Business Plan in Nigeria

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In as much as there are several types  of this business that ranges from road services to water haulage services to railway services but we will be  channeling our ficus on road haulage services which happens to be the most predominant one which  as a result of the transportation of heavy goods. The following are Haulage vehicles trucks: flatbed trailers, heavy duty machinery, big containers and silos.

From the list above-mentioned, you will tell the kind of goods these equipment will focus on. They are involved in the transportation of heavy goods such as ores, wastes, supplies and coals from one place to the other.

What does Haulage mean?

In it’s simplest term, it means the movement or transporting of goods from one location to another location.

So what are the goods involved here?
They include petroleum products. E.g: kerosene, engine oil, liquidized natural gas, fuel etc. Another goods that is also involved here is the transportation of sands and stones to the company sites. These are just but a few goods that are usually transported from one location to the other. The advantageous part of this business is that it is not peculiar to just our country alone. It can be done in any country of the world. And the reason been that, every country needs the transportation of heavy goods from one location to the other location.

Steps to start a Haulage business in Nigeria.

Before we go into that, let’s quickly have a recap of all what we have been discussing.

We have concluded that Haulage has to with the business of transporting goods either by road or rail to another place where it is probably needed. The haulage business also includes the horizontal transport of ore, coal, supplies, and waste which is also called cartage or drayage haulage business. While the vertical transportation of of ore, coal, supplies, and wastes with cranes is called hoisting.

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Steps to start a haulage business

The first and most important thing to do is to write a Haulage / Logistics Business Plan in Nigeria. This will involve the cost that will be required to start the Haulage / Logistics Business in Nigeria. This is how you should break it: how much do you have? Where do you intend to source the fund from? Private or public individuals? How much do you need to start The business? Etc. Your business plan will also include feasibility studies on the market and financial projection.
There are some factors that you need to put into consideration before setting out which are:  What skills do you have regarding this business? Well If you don’t have any at all then the wisest thing to do is to seek for skills or employ those who do have it. The fact that you don’t have the knowledge but are interested in the business, you will get the services of those who has the knowledge employed.

Haulage andLogistics Business Plan in Nigeria

Purchase a truck

The kind of truck you buy will determine the kind of goods you want to be transporting. You don’t even need to get a new truck if you don’t have the capital for it. You can decide to purchase a second hand truck. The one that is still in a very good and working condition. When buying a truck, there are indices that must be checked. They are: high load capacity. One ton truck, half ton or three quarters ton truck.

We usually advise our clients who patronize us to go for a one ton truck. We don’t usually advise they go for half ton. The reason is because the one tone truck can can carry heavy loads while half ton trucks are usually meant for local deliveries

7 Steps to Make a Successful Trucking Company:

1. You have to support the right market niche. So as owner-operator the most important step to be a successful  is to support the right market niche.

2. You also must charge the right rate per mile or based on the loads

3. Make sure you determine your operating costs as you in the business else you will be running a business and making no gain at all.

4. Many owner do Use the wrong fuel-buying methods. You have to make use of the right fuel-buying strategy.

5. If you want to maintain an edge in the market then work with shippers directly.

6. Make sure that your back office is run efficiently. This is quite important.

7. You must do all you need do ti avoid cash flow problems else you will gradually dig the grave of your business.

Summary of How can you can start a logistics business in Nigeria?

Steps to Start Logistics Business in Nigeria

1. Identify The Level You Wish To Operate.

2. Get Sufficient Funding And Capital.

3. Acquire The Necessary Equipment.

4. Build And Develop Your Business Plan.

5. Get Licensed / Register Your Business.

6. Build An Online Platform /Set Up A Website.

7. Get A Driver.

8. Get An Office Space/ Design Your Delivery Vehicle.

Register your business

You want to operate a legalized Business in Nigeria then you have to register your business. Before you can operate any business in Nigeria on a legal ground, you have to register it in Nigeria with the corporate affairs commission. This his very important and key. Apart from the corporate affairs commission, there are some associations that are already on ground which you must register your business with. Then you will get permits in Corporate Affairs Commission. You can check out our well documented article on how you can register your business name with ease. Click here to check.

Market your Haulage Business

Can you imagine your business without customers? Will there still business if there was no customers patronizing you? Now this is where marketing comes in. Without adequate marketing and advertising your business, you will run cycles. You won’t make progress anymore.

Haulage andLogistics Business Plan in Nigeria
Create a Reputation

Your business reputation as it where is made up of what others think and feel about your business or company. This is based on their experience they have had with your business, what they also have heard about your business, and finally the facts they gathered about your business. Either true or not also makes up of your business reputation.

Below are seven things you can do to improve your reputation:

1. Contribute to the social and economic development of your community.

2. Foster growth and innovation in your industry — learn and add value. …

3. Uphold sustainable development principles.

4. Network.

5. Value the employees who build and bring life to your company. This is bonus.

How do you hurt a company’s reputation?

Below are the very way  to Protect you and your employer’s corporate reputation by avoiding these reputation busters that could ruin your company’s brand in under five minutes:

1. Tardiness.

2. Being careless on social media.

3. Accidentally leaking company data.

4. Spreading gossip about clients.

5. Lying.

Have you read our  Petrol Filling Station Business Plan in Nigeria (March 2020) PDF

Everything i have said here is just a preamble of what you will get when you purchase our well documented and packaged Haulage and logistics Business plan feasibility study.

Our sample Haulage / Logistics Business Plan in Nigeria can also be used to access bank loans, proposal writing and grant applications. The business plan was recently compiled after a thorough feasibility study on Haulage / Logistics Business in Nigeria and was done by our team of experts

GET YOUR HAULAGE / LOGISTICS BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After payment text your name, send a text of your e-mail address to 09066078526 and you will receive your HAULAGE / LOGISTICS BUSINESS PLAN / FEASIBILITY STUDIES REPORT in less than 5 minutes after payment have been confirmed.

You can also reach via our WhatsApp number @ 09066078526 and also via our email address tradewithchapatti@gmail.com

Your business and it’s reputation are all key matters while you go about your business. Your customers will trust you more for been someone known for something and that it is very important that your customers knows you for something unique and your availability and reliability should be at a top most priority. When you are not constantly meeting up with your customers demand, that is very dangerous because it will discourage them.

You should be able to determine the area you so much specialized on. You could be jack of all trades but it will be nice to be a master of one. There are areas like: long distance /short distance. Bulky goods/light goods. You can also decide if you want to give your goods or truck to a company or give it for another option called hire purchase.

Rules and regulations.

There are rules that guides this business and if you want to be successful in doing it, you must adhere to the various rules of the game. They include:

Avoid debts – Avoid borrowing money from bank with high risk of payback. Don’t borrow when the risk of payment does not favour you.

When you purchase your truck, you should endeavor to install security and tracking features in your truck. The reason is that you Will be able to know the distance that your vehicle is covering or the location of your vehicles even when you aren’t there and have given it out to your driver. Most of them can’t be trusted because they could take your truck to go business to make money for themselves without putting you in the know.

Make no mistake about some certain things. Don’t gamble with your business. So make sure you employ drivers that are experienced.
If you employ drivers who are amateur, you stand the risk of both your expensive truck and customers goods on risk motion. If you can’t afford an experience driver then be rest assured that you can afford to risk accident as a result of inexperienced driver.

Motivate your drivers

At all times, be an encouragement to your driver’s and to their families too.
Always appreciate them for the little extra they did.  Give them tips or render praises to them when necessary. When it is time for salary increment, then increase their salaries.

Insurance

Haulage business is a very risky one and you can always protect your business by insuring it with an insurance company. Your truck could encounter accidents, some of the drivers could be dishonest and steal your truck but with an insurance company. So by doing this, you must have planned for events beyond your control.

Customer service

You have to know your customers needs and also know methods of reaching out to them by satisfying them. When you can achieve this, then you must have solved the problem of retenaship. Which is think it’s very vital.

Always Maintain your trucks at all times because that’s your the bloodline of your business. I will advise that you locate and register in a reputable company that repairs vehicles and that should be enough for that.

Ways to earn money in Haulage / Logistics  business

Independent operation – In this case, you are fully and solely the owner of your business which includes the vehicles, equipment and trucks. You alone will be in charge of maintaining it, you bear the risk alone and finally you are the sole owner of the profits.

Contractor

If you aren’t gonna be the sole user of your vehicle, you can decide to hand it over to a company. This time, the company bears all the risks but profits are shared between both parties based on the agreed terms. You have to look for a contract company and at the end of the agreed period, an agreed amount is paid to you.

Leasing

You may be wondering what’s actually the difference between this and the aforementioned name. Well in the former you deal with a company while over here you deal directly with haulage company and not with company.

Challenges of haulage business

It is very Capital intensive

It is also a very Highly management intensive Business

Poor roads – With the nature of our roads  Africa, this  pose a very strong challenge because bad  roads  damages vehicles and causes accidents. And this will lead to high cost of maintenance.

Drivers habits – Most drivers are tricky. It is hard to find a honest driver. These drivers seek for ways to cheat at all time.
You need a minimum of five trucks. One truck alone is expensive, getting five is cash draining.
Employing competent drivers.

Everything i have said here is just a preamble of what you will get when you purchase our well documented and packaged Haulage and logistics Business plan feasibility study.

Our sample Haulage / Logistics Business Plan in Nigeria can also be used to access bank loans, proposal writing and grant applications. The business plan was recently compiled after a thorough feasibility study on Haulage / Logistics Business in Nigeria and was done by our team of experts

GET YOUR HAULAGE / LOGISTICS BUSINESS PLAN IN NIGERIA / FEASIBILITY STUDY. To place an order, pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Ogumka Innocent

Account No – 0153723721

After payment text your name, send a text of your e-mail address to 09066078526 and you will receive your HAULAGE / LOGISTICS BUSINESS PLAN / FEASIBILITY STUDIES REPORT in less than 5 minutes after payment have been confirmed.

You can also reach via our WhatsApp number @ 09066078526 and also via our email address tradewithchapatti@gmail.com

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