How to start haulage business in Nigeria? Why not give it a try? Read and find out how to start.
Tweet 2 Shares Haulage business simply involves transporting heavy loads from one place to another, using trucks and other heavy-duty vehicles.
However, starting the business requires huge startup capital. 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.
Below are guidelines for starting a successful haulage business in Nigeria. Understand the opportunities for haulage in Nigeria Think of the following situations: Billions of tons of goods are transported across the country every year to be able to connect manufactured locally and imported and cultivated goods to wholesalers, retailers and consumers, and to get raw materials to factories.
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.
So, the requirement for haulage can range from a delivery tricycle to a panel van, a pick up van, a light truck, a delivery van, a tipper, a trailer, a low loader up to a crane.
Each of these vehicles can be employed in numbers from one to a thousand. Financial requirement can also range from a few thousands of Naira to millions of Naira while organizational size required for haulage business will also vary. Choose a niche and size Goods for haulage can be grouped.
Notable groups include, petroleum, quarry, building material, agricultural, manufactured, industrial, and export goods. In each group, haulage can be undertaken on a small or large scale over short or long distances. There are a number of approaches that can be adopted by an investor in the haulage business, namely: Operating as an Independent operator or a haulage company: This entails directly managing your trucks and staff to do haulage business.
Operating as a contractor or sub-contractor: This involves handing over your truck or trucks — under a contractual arrangement — to a particular client who requires considerable and regular haulage services. The client pays periodically as agreed.
Leasing your truck to a haulage company: In this case, you lease your truck or trucks to a haulage company. The company uses the trucks to execute its haulage contracts and pays you at agreed rates and intervals. Consulting Firms in Nigeria: The Top 10 For reasons of efficiency, it is advisable for you to take a very close look at the nature and requirement of the different niches and choose one depending on your location, circumstances and passion.
After choosing a niche, determine the scale at which you can operate, considering your financial ability. Make a choice between operating as an independent operator, as a contractor and leasing out trucks to a haulage company. Create a business plan Your business plan will serve as the guide you will follow in conducting the business.
Ensure that what you have put together in the business plan can actually lead to the success of your haulage business. A good business plan will include the following: Detailed information about your business — background, description, statutory requirements, opportunities, risks, threats, mitigation to risks and threats Business mission, vision and objective Business model.Haulage Business Plan in Nigeria – Feasibility Study on Haulage Business 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.
The ABC Of Haulage Business In Nigeria [Business Guide] By Henry Ibeleme in BUSINESS February 20, Haulage business was known as a millionaire venture . John-Paul Iwuoha is an author, impact entrepreneur, business strategist and founder of Smallstarter Africa.
He works with entrepreneurs and investors to start up and grow businesses in Africa. His work and articles have been featured on several local and international media, including CNN, The Huffington Post, The Africa Perspective Magazine, Business Day and LinkedIn Pulse, among others.
This sample Haulage and Logistics Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc.
Haulage and Logistics Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
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 .
Are you interested in articles about How To Start A Haulage Business In Nigeria, this post contains all the necessary details on Haulage Business in Nigeria: How to Get Started. Execute according to the business plan. Bring the haulage business to life by working through the details set down in the business plan, to implement the following.