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4 Factors to Consider in Starting a Hotshot Trucking Business

June 13, 2022by Mr Unsox0
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Hotshot trucking is a for-hire operation providing urgent solutions for clients needing freight services. Unlike usual trucking services, it does not need to wait for other shipments before delivery. Instead, hotshot trucking companies deliver regardless of whether the delivery trucks are full.

Hotshot trucking is an ideal service to hire for clients expecting time-sensitive parcels. They can get the needed packages on time, preventing spoilage or wasted time. But how can people interested in putting up a hotshot trucking service begin? Here are some factors to consider.

1. A Registered LLC

You can initially put up a business as a sole proprietorship. However, it is better to register your business as a corporation. By doing so, you will be able to effectively increase your company’s structure, accountability, and liability protections. Additionally, you can enjoy the tax advantages and the ability to raise capital through loans or financing.

Since hotshot trucking is a for-hire company, it is better to register it as an LLC. It has many advantages, including flexibility and protection from personal liability. Trucking companies must be considered independent from their owner. The reason for this is a liability. If an accident happens, it is easy for a driver to blame the owner.

2. Business Bank Account

Once you have registered a business, the next step is to open up a business bank account. Having an active business bank account will allow you to make business transactions. Business owners can use the report to deposit their earnings and pay for business expenses.

A business bank account also provides protection. When paying income tax, businesses can deduct the expense from it. Having an active bank account is also an excellent practice, especially during tax season, as it helps to keep a good record of your business expenditures.

3. Equipment Needed

There are various types of equipment that a hotshot trucking company needs. These include a telephone, a notebook, a camera, fax equipment, and a copy machine. Meanwhile, it is best to invest in a portable GPS device to help drivers navigate the given delivery addresses.

A hotshot trucking company must invest in a good computer for more detailed and practical work. The computer should be fast enough to handle multiple activities simultaneously. Lastly, it is a good practice for business owners to buy everything in their business’s name.

4. Virtual Receptionist Service

While hotshot trucking operates on time, business owners must also ensure that their business is accessible to their customers. They need to hire a virtual receptionist to ensure support is always available.

Virtual receptionists are experts in answering calls, emails, and letters received by the business. In addition to answering questions and concerns, they also offer customers’ needs. Some virtual receptionists can also cover after-hours shifts to ensure customers will reach someone to answer their queries 24/7.

Conclusion

Being a hotshot trucking business sounds like an up-and-coming venture in the trucking industry. However, you must understand the industry and the market and be prepared to invest in the right equipment, facilities, and services. A successful business owner must attract the needed workforce.

It is also ideal that you get additional skilled employees in the industry. The more experienced employees you have, the more efficient your business is. With the current advancements in technology, we can easily predict that hotshot trucking will be a massive part of the trucking industry soon. It is ideal for business owners to consider investing in the industry.

24H Virtual offers 24-HR answering services for businesses wanting an after-hours or 24/7 customer service. Our goal is to outsource customer service to help companies improve their customer service practices and make their clients feel valued and happy about the benefits. Learn more about hiring an after-hours virtual receptionist by booking an appointment with us today.

Mr Unsox

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