The trucking industry, share similar fundamental and technical factors all over the world. Starting a Trucking Company Haulage Nigeria as a Case Study Transport business in Nigeria is a old as the nation itself, and there contributed in a big way to the business have been known to country.
Although profitable, Haulage is Laden with a lot of risks and challenges. Discern the possible scales of the haulage business Huge as the volume of goods hauled across the country is, the sizes in which they are moved greatly varies depending on distance as well as who and what is involved.
High cost fueling and maintenance From Lagos to Port Harcourt will guzzle a whooping N, worth of diesel to and fro.
Hardly can you travel any major roads in Nigeria without seeing tens of truck breakdown on the roads. If your plan is to start a small — sized haulage business, you may be able to handle the administrative and marketing functions yourself but for a larger sized companies, you may have to employ staff to support with administrative and clerical duties as well as marketing and promoting the business.
This is the first of my series of posts in haulage business in Nigeria. Most times the business owner might not have the total financial capacity to startup the business but sourcing from loans from different quarters can be of tremendous help.
Operating as an Independent operator or a haulage company: A good tipper cost between N4Million to N5Million naira and you are entitled to about N, in a month; if you can give your tipper to a manager to manage for you.
Buying a Tipper Tippers carry granites from Quarry to different part of the country. The Economic Value of Haulage Business Haulage involves the movement of goods by both rail and road, but since the collapse of rail system in Nigeria, road haulage has taken the lead.
The client pays periodically as agreed. In conclusion, the haulage business is one that can be tough to start up but it also provides a very enticing amount of yearly profits.
Accidents may occur, cases of theft may arise, dishonest drivers may sometimes direct the goods else where and this would lead to a huge debt on the part of the haulage company.
If you can afford the startup costs and are looking to start your own haulage business, then this post is for you, as it discusses the basics you need to know about the haulage business in Nigeria. Sample Haulage Business Plan pdf to Types of Haulage Business and Vehicles Required This means the different sections of haulage business one can venture into depending on one capability and other factors.
All you do is smile to the bank monthly. So, higher start up cost means higher financial risk. High cost fueling and maintenance From Lagos to Port Harcourt will guzzle a whooping N, worth of diesel to and fro.
They also take it upon themselves to care for the maintenance and management thereby reducing headaches that arise in the cause of business.Haulage involves the movement of goods by both rail and road, but since the collapse of rail system in Nigeria, road haulage has taken the lead.
This sample business proposal and haulage business plan will assist you in planning and starting your haulage business in Nigeria. In Nigeria, haulage business and even logistics is a billion dollar business with an insatiable market.
This is because transporting goods across long distances has become a necessity and an important industry. Haulage business was known as a millionaire venture years ago and today, most people will disagree. But a recent research which I conducted, with my team of fellow entrepreneurs here in Nigeria proved that haulage business is still a lucrative business anyone can start and make money.
The haulage business which is also referred to as the logistic business is one of the most lucrative businesses in Nigeria presently, even though a lot of people do not maximize the opportunity of this business because of the supposed capital intensive nature as well as the risk involved.
Haulage business simply involves transporting heavy loads from one place to another, using trucks and other heavy-duty vehicles. And it’s one of the most lucrative businesses in Nigeria. Starting A Haulage / Trucking Business In Nigeria - Sample Business Plan / Proposal - The haulage and logistics business is among the most lucrative business.
But many people don’t engage themselves in this business because it is considered risky with a capital intensive nature.Download