If you've got a startup trucking company, getting new trucks and drivers is something that you'll be dealing with on a regular basis. You might already have a number of systems in place that seem to be working so far. But in order to sustain the growth that you're experiencing and protect the interests of everyone at the company, you might consider the following.
As a solo driver when you first began the company, it was probably easy to keep track of where you had to go and to contact clients when you had to. With multiple drivers, locations, and clients, these tasks can be more of a challenge.
A smart idea is to purchase trucking software that can keep your company organized. Depending on what kind of software you choose, you might be able to log driver hours, keep in touch with drivers on the road, and bill clients for additional hours if necessary.
When buying software, be sure that you take advantage of any trials or demos being offered; it's essential that you are able to use the software easily and that you won't become frustrated with the layout or features.
Use a Factoring Company
Another wise idea for your trucking company is to use a factoring company. Your company expenses can increase quickly, especially when clients are not paying in a timely way. Rather than going under as you wait for checks to arrive, you can rely on a factoring company to handle all the various client bills that you have. They will handle the clients themselves and pay out money directly to your bank account.
Secure the Right Insurance
In the days when you were working your business alone, you might have had only standard insurance for the truck you were driving. As your business grows, however, you're going to need to get serious about the right kind of insurance for your company.
Consult an insurance agent who has worked with truckers before to get a better understanding of what add-ons and additional coverage you might need. For example, you might want to buy a policy that insures the driver of the truck, the truck itself, and the products being carried, rather than a policy that will just cover the vehicle.
The items detailed above can keep your company safe and thriving. Ensure that you're working with others in the industry who can offer guidance as your trucking business continues to expand.
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