Trucking is vital to many industries. Trucks carry heavy loads of goods, equipment, and other necessary items. If you’re thinking about starting a business, trucking can be a good choice. Before you start a heavy hauling business, it’s important to understand the industry.
What Is a Heavy Hauling Business?
The heavy hauling industry is one of the biggest in the world. Some companies in this business specialize in oversized or overweight shipments. Heavy hauling has strict rules and regulations. Anyone who wants to work in this industry must understand and follow these rules. The regulations help to protect the safety of those hauling heavy loads. A heavy hauling business needs:
- The right equipment
- Access to resources
- An owner with knowledge of the industry and a willingness to keep up with it as it changes
Step 1: Name the Company
The first step in starting any business is coming up with a name. Your business name should identify the services you provide. It should also be easy to remember. Your business name has to be different from other registered business names. You will also need to decide how you want to structure your business. Examples include:
- Sole proprietorship
After you decide on the structure, search the secretary of state’s website in your state to see if the name you want is available. That website will also have information about how to register your business. Your business name should have a web URL available. It shouldn’t be too similar to another business name or it could cause confusion.
Step 2: Get the Equipment
The next step in starting a heavy hauling business is understanding what equipment you need. The business needs trucks, obviously, but sizes and options vary. You may also need equipment to load and unload trucks, secure inventory, or repair damaged parts.
Investing in all the equipment needed for a heavy hauling business is very expensive. Instead of buying all the equipment, many business owners start by renting items they need. As you get more established and take on more clients, you might choose to buy equipment for your inventory.
When first starting a business, you don’t always know exactly what you’ll need. You could spend a lot on trucks that aren’t the right size for the loads your clients need you to haul. Renting the equipment for your business is a more cost-effective way to start. Along with rental options, other ways to get equipment include leasing or buying it through a payment plan or loan.
Step 3: Resources and Connections
After you have a list of equipment you need, you need to find resources. Heavy hauling businesses partner with clients and companies in other industries to provide transportation services. Without the right resources, you won’t be able to get the equipment you need. It’s also harder to find clients when you’re not connected to the industry. Build relationships with established professionals in the transportation industry.
New business owners often find customers through load boards. However, load boards are competitive, so you’ll have to bid low to stand out. Using a load board is a good place to start, but it shouldn’t be your long-term strategy. Make calls to companies that need heavy hauling service to build a customer list.
Step 4: Knowledge
Before you can start a heavy hauling business, you have to understand the requirements. Transportation is heavily regulated. Heavy trucking is even more regulated because of the increased risk and dangers. If you don’t have a background in transportation, take courses and become a certified driver first. This educational experience will help you understand what is needed to run a successful business.
You should also understand the importance of customer service in this industry. A heavy hauling company must deliver on its promises. Your reputation is on the line, especially with your first few transports.
Step 5: Licensing
All heavy machinery operators must be licensed. The commercial licensing process takes longer than the standard process. You might choose to hire drivers who already have their commercial licenses. The vehicles must be licensed as well.
Insurance is a necessity in the transportation industry. It may surprise you to see how much it costs to insure heavy vehicles. Start small with one or two trucks to save on overhead costs. When you have more customers, you can increase your fleet and expand your team of drivers.
By following these steps, you can start a heavy hauling business. BigRentz has available for rent much of the equipment your business will need.