The trucking industry in America is growing rapidly, so the desire to join the ranks of company owners comes as no surprise. The opportunity to make a considerable profit and enjoy the beauty of nature attracts hundreds of experienced drivers, but most of them don’t know where to start and which ELD provider to choose..
What is Hotshot transportation?
Finding easy ways to start your own trucking business will allow you to encounter a lucrative industry. It’s easy enough to get started here and make your first profit. The beginning of the way does not cause as many problems as in other cases, so the attention is quite reasonable.
Beginning transporters should study the peculiarities of the chosen direction. Not many people know that Hotshot is an easy way to go about your own business and enjoy working. The main advantage is that there is no supervisor over the driver (you), and the work schedule will be flexible and free.
It is not difficult to be active in your chosen industry. Independent transporters carry out delivery of about 70% of cargo across the country, which means that such a chance should not be missed. According to preliminary estimates, the volume of freight traffic will only grow. This allows you to get rid of doubts that arise.
Advantages and disadvantages of working in the industry
Opening your own business is never cloudless, which means that you will have to face some problems. An unpleasant surprise can be an uneven workload. Since there are no connections to customers directly, you will need to take the time to build a customer base.
Unpredictability and lack of stability scares first-time transporters, so there is a high probability of abandoning a profitable idea. In such situations, it is worth focusing on the advantages of working in the field of Hotshot transportation:
- availability of regional orders allows you to spend time with family and friends;
- project start-up costs are minimal, because the purchase of expensive equipment is not required;
- profit exceeds expenses, so the company owner manages to make a financial profit.
Accelerated loading helps to complete the task in a short time and not to waste time waiting for the recipient to pay. Saving time and the possibility of distributing contact information to potential customers allows you to quickly achieve the goal.
The main stages of preparation to begin work
First of all, you need to register your company with the appropriate state authorities. Collecting a package of documents does not take much time, so you can cope with the task yourself. Performing the procedure without the help of third parties will save money.
To carry on a legitimate business, you need to get a taxpayer code. This will require you to register your bank account and get a tax ID. Taxes are paid based on the amount of money that will go into the balance.
A commercial driver’s license must be obtained in the following cases:
- the weight of the load is greater than 10,000 pounds;
- the weight of the vehicle and trailer exceeds 26,000 pounds.
In other situations, a driver’s license will not be required. Buying the necessary equipment is the next step to start your project. The size of the investment depends on your plans for the future, but you can’t be without a good truck and trailer.
Transportation of goods to other states requires obtaining a permit to operate. To do this, you must register with the Department of Transportation and federal authorities. But the paperwork before the first order is not necessary. It is worth spending time to find customers.