What does a courier do? They pick up and deliver packages, documents, even pets, for businesses and individuals. This service is always in demand, even in smaller towns, as there is always someone who needs a package or document delivered today. Independent local couriers can provide the kind of services that are in steady demand but impossible to get from the large delivery services like UPS or FEDEX.
Do you need a sample courier service business plan template? Opening a courier business can be a lucrative opportunity, but there are practical things to put into considerations and logistics to be taken into account but you may tend to overlook them.
So without wasting your time, below are the steps to starting a successful courier company. Starting a Courier Business — Sample Business Plan Template Draft out a comprehensive business plan following the guidelines available from your local Small Business Association popularly known as Business Centre Associationand pay special attention to financial management details.
Decide the type of parcels you will be delivering The next step to starting a courier business is to decide if your service will be limited to envelopes and small packages or large cargoes. Naturally, your decision will depend on the capacity of your storage and transportation vehicles.
Will you will be delivering sensitive cargoes such as medical and industrial chemicals? If yes, then you and your crew must be knowledgeable in handling and conveying such substances.
You may also choose to deliver perishable goods. However, you must bear in mind that this cargo is always time sensitive, so your manpower resources and transportation must be adequate.
You have to make your units to be well known. Your ability to deliver a wide variety of cargo will augment your potential to earn. However, you should expect to spend more initial capital. For instance, to successfully deliver perishable goods, you may need to invest in refrigerated trucks for it.
Decide on the scope for your service area In other words, you should define the limit of your parcel destination. You have to decide and mark the globe you will intend delivering. Also decide if your service will be limited to within a state or country. Check if you can handle deliveries from coast to coast.
Observe if you have the resources and the network to deliver internationally. Bear in mind that the same rule goes for all. Note that the wider your geographic scope, the larger the amount you will be required to invest on start.
Determine your price charge per delivery You have to establish a pricing policy, and get it printed in an easy-to-read format. In setting up a price list, there are several factors to consider. The second factor is the number of parcels to be delivered at a particular area.
The third, you have to consider if the delivery will be from point A to B scenario or if you will be able to accept delivery from point B back to A.
Four, consider the rate your competition charges their own customers. Finally, the factors listed above are only a small fraction of the whole picture. Be advised that you must gain hands-on experience in the industry if you are really serious to start your own courier service and to gain this experience, working for a courier service company is the only means to accomplish this.
Meet with business advisers To have a successful head start, you have to consult a business attorney that is familiar with courier service business to offer you advice on matters like local zoning laws, which is especially relevant if you will run the business from your home.
You should contact an accountant that is familiar with the courier service business to give advice on how to keep and maintain your business track records, tax fillings, the pros and cons of employees versus independent contractors and how to set up and accounting system.
Get the necessary business permits You should as well obtain the necessary business permits and you have to license your business and your vehicle; have a discussion about the pros and cons of incorporating a company.
Get the necessary equipment The material items that you will need to start a courier business can be found on the list below. You do not necessarily have to limit yourself with these items but a good courier business will certainly require them: A vehicle Transportation is of the essence in any delivery service.
If you are planning to deliver big items and packages, investing in a covered truck is your first step. You should also make sure as well that you have the resources to cover for several weeks of gas expense before your customers pay off their bills to you.
Before choosing an insurance company, you will need to know if you and your insurance company are financially capable of handling any possible contingencies. Nowadays many cellular phones have that feature, and it will certainly guide you during deliveries.
You have to buy street maps for the area you will be covering. The maps are also available in book form and can be bought at almost all the book stores.According to IBISWorld’s Postal & Courier Activities – UK Market Research Report there are currently 17, courier businesses operating in the UK, employing more than , people.
The industry is worth £21bn and has seen % growth from to The report suggests that the ongoing growth in online shopping will contribute to significantly increased revenues from parcel delivery. Everything You Need to Know About Starting a Courier Service.
|Houston Courier Service | Medical Delivery Service in Houston Texas||This is not an online get-rich-quick scheme. This is a genuine opportunity that has great potential and security.|
|A Sample Courier Service Company Business Plan||Large companies need to move inventory and small companies and individuals need a reliable delivery service.|
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Never miss a story. Choose the plan that's right for you. Digital access or digital and print delivery. Subscribe Now. Services. Having created a brand in the cargo industry we have ventured into the courier business with the same commitment.
We offer flexible and faster delivery solutions. The Two Wheeled Oracle bicycle courier business plan executive summary. The Two Wheeled Oracle is a bicycle-based courier service catering to law firms.