coal transportation business plan pdf

International Conference on Information and Management Engineering

ICCIC 2011: Innovative Computing and Information pp 312–317 Cite as

A System Planning for a Coal Logistics Service Provider

• Yang He 2  
• Conference paper

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Part of the book series: Communications in Computer and Information Science ((CCIS,volume 232))

In China coal is the most important energy resource. Transformed by modern logistics, coal transportation and marketing will have a good profit. Many researches have been done in this field, but few companies have got a good solution. This article summarizes a program proposal for a traditional coal marketing and transportation company to transform into a coal logistics provider. The plan includes general solution, logistics planning and information system planning. At the end of this article, economic return and social benefic of the transformation are predicted.

Index Terms

• coal transportation
• railway transportation
• logistics planning

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Liu, Y., Zuo, Z.: A SWOT analysis of traditional transportation enterprises transforming to modern logistics service providers. Managers’ Journal (14), 249–250 (2009)

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Wang, H.: A strategy research on coal enterprises’ business in logistics. Modern Economic Information (13), 144–145 (2009)

Rong, C.: The impact and challenge of coal logistics to China railway transportation. Chinese Railways (12), 31–35 (2007)

Han, G., Xia, Y.: An analysis about China coal industry informatization. China Coal 35(4), 29–30,120 (2009)

Ma, H.: A brief issue of the development of Shanxi coal logistcs industry. Journal of Shanxi Province CCP School 32(2) (April 2009)

Peng, C.: A logistics system plan and research on a large state-owned enterprise. Jiangsu University: Master Dissertation (2005)

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He, Y. (2011). A System Planning for a Coal Logistics Service Provider. In: Dai, M. (eds) Innovative Computing and Information. ICCIC 2011. Communications in Computer and Information Science, vol 232. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23998-4_44

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Starting Trucking Business In South Africa – Business Plan (PDF, Word & Excel)

Posted by BizBolts | All Articles , Business Ideas , Business Plans , Transport Industry

One lucrative business to consider starting in South Africa with a high profit potential is a trucking business.  Road freight transport, or trucking, is essential to the economy of South Africa, occupying a unique socioeconomic position linking supply to demand and linking many industrial sectors within South Africa. As the mode of transport that brings most goods to their final destination, the trucking industry is indispensable to the well-being of the South African economy. The trucking industry generates a significant portion of the South African GDP, employing thousands of people, and offering the primary means for moving domestic, trans-border, and international cargo. This article will outline how to start a trucking business in South Africa, and the trucking business plan – PDF, Word and Excel.

Trucking Business Model

When starting a trucking business, first you need to determine whether you will provide short-haul or long-haul trucking services. Short-haul trucking mainly focuses on moving goods locally, unlike long-haul transportation or “over the road” trucking that involves driving hundreds of kilometers outside the country. In some cases, short-haul routes allow truckers to complete a number of deliveries on the same day. If you opt for the short-haul trucking business, you can deliver fast-moving consumer goods such as packaged foods, beverages, toiletries, candies, cosmetics, over-the-counter drugs, dry goods, fruits, and vegetables. For long haul trucking, you can offer cross-border transportation of various kinds of cargo, including agriculture produce and mining supplies. After determining whether you will provide short- or long-haul trucking services, you need capital for your new business. There is no need to overwhelm yourself with too many trucks the first time around. You can start with one truck and then expand from there. Consider getting a loan large enough to cover insurance, truck down payments, permits, and other costs. Other sources of funding include selling properties or using your own savings. Whether you choose short- or long-distance trucking, make sure your revenue is not dependent on a single client. One way to spread out your revenue sources is to make sure that no single customer provides more than 20% of your revenue.

Market Research

If you’re passionate about the transport sector then a trucking and logistics business can be the right business for you. However market research is essential before you venture into the trucking transport business in South Africa. You need to comprehensively know how the trucking industry operates. You must study the market to know which niche is best in as far as profitability is concerned. The possible niches to cater for are numerous so you must know which ones are strategic to you. There’s a lot of competition in the trucking industry so you must study your competitors. Note the loads they’re hauling, the types of clients they’re serving, the routes they’re serving, amongst many other things. Your focus will be to try to see their shortcomings or gaps that you can capitalise on. At times hauling smaller and exclusive types of loads can be wiser than trying to haul heavy duty loads wherein there’s lots of competition. In studying your competition you’ll also be finding out general rates charged and operating frameworks. That’s why it is essential to have a trucking business plan before you venture into this business.

Vehicles & Equipment

You will require trucks to start the trucking business in South Africa. The kind of trucks and trailers which you require will depend on several considerations. The first and foremost one is what type of loads do you intend to cater for? There are different types of trucks and trailers which depend on the kind of goods you want to transport. Then another key consideration is, are you going to purchase outright or you shall lease both the trucks and trailers? Are you going to purchase brand new trucks or used trucks? In principle, purchasing new trucks and trailers is better. However that’s not always possible owing to the huge amounts of money required for that. This can force one to consider buying used trucks and trailers which is relatively cheaper. This isn’t always the best path to take because used trucks and trailers might require lots of repair and maintenance which can end up pushing operating costs through the roof.

You have to take into consideration a variety of factors when deciding on which trucks to buy. Some of these factors include: fuel consumption of the truck, gross vehicle mass (G.V.M), engine horsepower, transmission mode (automatic vs manual), sleeper cab availability, availability of spares,  financing costs and maintenance costs. Trucks can be purchased locally from within South Africa or imported from outside South Africa. The freight trucking business in South Africa can be started with just one truck especially if you have limited funds. If you reinvest your profits, you will be able to purchase more trucks and grow your fleet. The other equipment needed for your trucking transport business in South Africa includes tents, ropes, garage equipment and repair tools. The costs of the vehicles and equipment should be included in the trucking business plan.

Truck Servicing and Repairs

Truck servicing and repairs are an important aspect of running a trucking business. It helps to have a maintenance calendar for your trucks. This way, you can plan ahead and minimize downtime. There are basic vehicle parts you should look out for when it comes to truck maintenance. These include drive belts, which may need replacement when the truck starts to squeal. Car batteries also need to be changed from time to time. Check your truck’s brake pads and replace them when necessary. Also, make sure that your hoses are in good working condition with no leaks. There are some preventative measures that you can take so that your trucks run smoothly for a longer period of time. These include oil changes, checking tire pressure, changing fuel filters, replacing spark plugs, and flushing the cooling system. This will save you a lot of money and downtime. You can imagine the opportunity cost your business would have to incur if you had to take one truck off the road.

Staff And Management

Your staffing and management requirements will depend on the scale of your cargo trucking business. At the minimum, you need truck drivers. You require an operations department for your trucking and logistics business. The operations department is responsible for handling the operations of the trucking company. It includes supervisors, drivers, assistants, logistics personnel, mechanics and the operations manager. The operations team have the duty of organising the trips, allocating trucks to the clients, transportation of the cargo and allocating drivers to trips. Other duties for the operations department include acquiring fuel; spare parts and   anything which the trucking company needs to operate. In summary, the operations team are responsible for all the logistics of the trucking business and managing the movement of cargo so as to meet the the requirements of the clients. 

Marketing staff are also a necessity for a trucking business. To be successful in the trucking business in South Africa, you should get many trips. Your trucks should always be on the road. This is only possible if you put time and money in marketing your trucking and logistics business. Finance and accounting staff are also required to manage the finance and cash flow of the business. Many trucking and logistics businesses fail because of poor cash flow management. The trucking and logistics business plan should cater for the wages and salaries costs of all your employees.

Services Offered

You can offer a variety of services that fall under the bracket of transporting cargo from point A to B. Some of the clients to cater for are fast-moving consumer goods outlets that might need stock to be transported from suppliers. Local or cross-border transportation of various kinds of cargo from agriculture produce or supplies to mining produce or supplies – the list is endless. The services you’ll offer will depend mostly on the types of trucks you’ll be having.

• Market Analysis

South Africa has been experiencing a record trade surplus, with exports far outweighing imports. This has been influenced by an increase in the demand for South African products by the country’s trading partners. Key products that have been driving exports include agricultural commodities such as citrus, maize, apples, and grapes. There has also been a rise in the demand for manufactured goods, including local machinery, equipment, and motor vehicles. The demand for precious metals has also increased. As such, there is a need for logistics services, including trucking services, to transport these various products locally, regionally, and internationally. There are various small to medium-sized companies providing logistics services to meet the need for transport services. The market remains competitive, with domestic and international freight and logistics companies dominating. However, there is room for more service providers, especially in road transportation.

Sales and Marketing Strategies

A number of trucking companies depend on load boards to find customers. You can consider using these online marketplaces since most owner-operators, freight brokers, and individual shippers provide information about available loads and transportation needs on the platforms. In addition to using load boards, consider establishing a website where you can list your services and provide contact details for potential clients. Another effective way to market your trucking business is by joining trade associations and attending industry events. Such events can help you acquire new clients. You can also take advantage of the various social media platforms to promote your business. An online presence for your trucking company will help you generate leads and stay relevant. Not forgetting referrals and online reviews, encourage your regular clients to post reviews on your website and take advantage of referrals. A lot of business people underestimate the power of referrals, but a good word can attract a lot more clients than other forms of marketing.

You must leverage more on joining certain strategic groupings such as trade or industry groups (physical and online). You must also be on the lookout for networking initiatives or events. Building working relationships with other truckers or trucking companies is also key to marketing your services. In looking for loads the most recommended approach is to contact and engage clients directly. Skirting middlemen will lessen costs and widen your profit margins. The trucking business plan should have a proper marketing plan for your business.

The market is highly clustered and segmented but vast. What determines the size of your potential market is how well you choose to niche. The crux of a trucking business is being able to regularly find clients with loads they need hauled. Marketing is crucial because if you aren’t quite known, landing clients can be difficult. The universal principle of having a website and being actively present on social media is important here. Don’t just have personal accounts alone but also join online trucking forums.

The are several potential customers for a trucking and logistics business from various industries. The mining industry, agriculture industry, construction industry, manufacturing industry and retail industry provide a huge customer base for a trucking business in South Africa. Companies and individuals need transportation services for bulky goods everyday.

Keys to Profitability

When running a trucking company, there are several ways you can increase profit. One effective way is by simply cutting costs by saving on fuel, improving your routes, and reducing idle time. Consider getting a fuel card for your trucking business, finding and using the shortest routes to save both time and money. You can do this by making use of accurate GPS routing software. Performing regular maintenance on your trucks will make them perform better and last longer. Make sure that you do not wait for problems to arise. Try negotiating better rates with your clients for higher profit margins too. Even though brokers and load boards can be helpful for finding customers, they can be costly. It is imperative that you develop your own network of clients with whom you can negotiate for favorable rates.

PRE-WRITTEN TRUCKING BUSINESS PLAN (PDF, WORD AND EXCEL): COMPREHENSIVE VERSION, SHORT FUNDING/BANK LOAN VERSION AND AUTOMATED FINANCIAL STATEMENTS

For an in-depth analysis of the trucking business in South Africa, purchase our trucking business plan. We decided to introduce the business plans after noting that many South Africans were venturing into the trucking and logistics business without a full understanding of the industry, market, how to run the business, the risks involved, profitability of the business and the costs involved, leading to a high failure rate of their businesses.

Our business plan will make it easier for you to launch and run a trucking transport business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as the freight trucking transport business plan will lay out all the costs involved in setting up and running the trucking business. The business plan is designed specifically for the South African market.

USES OF THE TRUCKING TRANSPORT BUSINESS PLAN (PDF, WORD AND EXCEL)

The trucking and logistics business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your trucking transport business
• As a trucking project proposal
• Assessing profitability of the trucking business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

CONTENTS OF THE TRUCKING BUSINESS PLAN (PDF, WORD AND EXCEL)

The business plan includes, but not limited to:

• Industry Analysis
• 5 Year Automated Financial Statements [ Income statements, cash flow statements, balance sheets, monthly cash flow projections (3 years monthly cash flow projections, the remaining two years annually),break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortisation]
• Marketing Strategy
• Risk Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some South Africans in the trucking business fail, so that you can avoid their mistakes
• Ways to raise capital to start your trucking business in South Africa

The Trucking Business Plan package consist of 4 files

• Trucking Business Plan – PDF file (Comprehensive – 82 pages)
• Trucking Business Plan – Editable Word File (Comprehensive – 82 pages)
• Trucking Business Plan Funding Version – Editable Word File (Short version for applying for a loan – 44 pages)
• Trucking Business Plan Automated Financial Statements – (Editable Excel file)

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The business plan has a highly professional look and feel. The research really helps me look deep into the market that I am targeting, it’s well suited for the South African market. The business plan clearly outlined everything I need to start the business and the costs. It’s now easier to budget and plan. Thank you very much.

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I am extremely pleased with the business plan and financial statements. The business plan is very detailed & it meets my requirements. I feel better equipped with tools that can help me secure funding.  I would have no hesitation of recommending your business plans to other people.

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The business plan was very helpful, you did a great job of taking ideas and putting them into words as well as pointing out other aspects of the business plan I wouldn’t have thought of. I got funding using your business plan and it’s now 4 months since I started my poultry business, and everything is going well.

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It is with excitement and pleasure to inform you that I have been successful in securing a loan from my bank. This would not have been possible if not for the BizBolts Business Plan. Thank you for your help, my dreams are now coming true.

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The BizBolts poultry business plan led us down the path from start to finish. Contact details of suppliers of key requirements were included in the business plan. It helped us crystallize our strategy, and the business plan was well received by the bank.

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Thank you BizBolts for the business plan. I received the business plan immediately after payment, it was money well spent ! I was able to easily edit the business plan. After using the BizBolts business plan, I can wholeheartedly recommend their products and skills.

Testimonial 1

Many thanks to the BizBolts team for putting together a fantastic business plan, I could not have done this business plan on my own. I managed to get funding from investors to start my butchery business using your business plan.

GET THE TRUCKING BUSINESS PLAN (PDF, WORD AND EXCEL) - R500 Only.

We decided to make the business plan affordable to anyone who would want to start the business, and the price for the pre-written business plan is only 500 Rand.

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If you want to purchase multiple business plans at once using Visa Card/MasterCard then  click here: Business Plans Store

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

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Trucking Business Plan Template

• Trucking Business Plan

Are you considering starting or growing a trucking business? If so, you need a business plan and you’re in the right place to learn how to complete it!

Whether you’re looking to secure funding and/or make more strategically-sound decisions about your trucking operations and growth, this guide will help you.

Below you’ll learn what to include in your plan and how to most efficiently complete it. So, fasten your seatbelt and let’s show you how to finish your plan and grow your trucking business!

How to Write a Trucking Business Plan

Below are links to each section of your trucking company business plan template:

• Executive Summary
• Company Overview
• Industry Analysis
• Customer Analysis
• Competitive Analysis
• Marketing Plan
• Operations Plan
• Management Team
• Financial Plan

Next Section: Executive Summary >

Trucking Business Plan FAQs

What is the easiest way to complete a business plan for my own trucking company.

Growthink's Ultimate Trucking Business Plan Template allows you to quickly and easily complete a business plan for a trucking company. Our template i ncludes all the key sections necessary to write a business plan including the executive summary, company description, management team, industry analysis, operations plan, financial plan, and more!

Where can I download a trucking company business plan PDF?

Our trucking business plan PDF template is a free resource to help you get started on your own business plan. You can download the trucking company business plan example pdf here. This is a template you can use in PDF format for any type of trucking or transportation business.

What is a trucking business plan?

A trucking business plan provides a snapshot of your trucking company as it stands today, and lays out your growth plan for the next five years. It explains your short term and long term goals, the company’s mission statement, operational plan and your strategy for reaching them. It also includes a market analysis to support your business plans, sales strategy and show your potential target market size. It should also include research to support your plan, as well an operations plan, financial plan and a marketing plan.

A trucking business plan template makes it easy to write this crucial business document.

Is a trucking business profitable?

Although trucking companies vary in their rates of return, the trucking industry as a whole is generally quite profitable when compared to other types of business ventures.

The amount of money you can make is largely dependent on your trucking industry niche, client base, freight services provided, implemented business strategies, and other factors. However, the average trucking business owner earns approximately $56K in annual revenue, though many others have reported earning more than $100K per year after expenses.

Why do I need a trucking business plan?

If you’re looking to start a trucking business or grow your existing trucking business you need a solid business plan. A business plan will help you raise funding, if needed, and plan out the growth of your trucking business in order to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes. 

How do I start a trucking business plan?

To start planning your business in the transportation industry, begin by determining the scope of your business plan . Will you need one to raise capital, or will you seek financing for truck purchases? Are you looking for new investments that are outside the scope of your current cash flow projections? Make sure to research all of these issues before proceeding with writing your plan.

Once you determine the scope of your own trucking business, you will begin to conduct thorough market research and competitive analysis. You should know which region you plan to work in (in the case of trucking companies focusing on a specific geographical region) and whether you want to focus on a particular type of freight (e.g., heavy hauling vs. general commodities). Gather as much information as you can, including competitor profiles and market research reports. This should help you determine your competitive edge, the profile of your target customers and a realistic price range for your trucking services or transporting goods. All of this information will be included in your business plan and will help convince potential investors if you are seeking funding.

What are the 7 steps to creating a successful trucking business?

The 7 steps to making a successful trucking company are:

• Conduct thorough research and analysis.
• Gather as much information as you can, including competitor profiles, industry trends, government regulations and market analysis reports.
• Determine your competitive advantage, ideal target customer profile, and a pricing strategy.
• Meet with an accountant or financial planner with trucking business knowledge to determine what legal structure and business model is best for you.
• Establish a Limited Liability Company (LLC) or Corporation in addition to co-ops if desired.
• Choose the trucking company name carefully and secure all necessary trademarks to prevent others from legally using them in your field of business.

Use a trucking business plan template to write a successful trucking business plan or work with a business plan expert to write a trucking business plan that's tailored for your particular needs and financial goals.

How much money should I have to start a trucking company?

Starting a local trucking company can cost as little as $10,000 for an individual owner-operator who leases their truck, and as much as $1 million or more for someone looking to have a fleet of trucks.

The biggest startup cost is typically the purchase or lease of trucks: The cost of a truck varies based on the make, model, and condition. On average, you might spend between $80,000 to $150,000 per truck to purchase new trucks. The average cost to lease a truck ranges from approximately $1,000 to $2,500 per month, but you’ll also need a down payment of several thousand dollars.

There are a wide range of other operating costs associated with running your trucking business that you’ll incur. You generally want to have enough capital to pay for 3 months of these costs when you start. Specific costs include the following:

Fuel: The annual fuel cost per truck can range from $30,000 to $70,000, depending on fuel efficiency and distance traveled.

Maintenance and repairs: Budget for routine maintenance costs and unexpected repairs. This can cost approximately $15,000 to $25,000 per truck annually.

Commercial truck insurance: The cost of insurance depends on factors like the type of cargo you carry and your driving history. On average, expect to pay around $9,000 to $12,000 per truck per year.

Operating authority (MC number): The Federal Motor Carrier Safety Administration (FMCSA) charges a fee for obtaining an MC number, which can cost around $300.

State permits and licenses: Costs can vary by state but typically range from $1,000 to $5,000.

Driver wages: The salary for truck drivers varies based on experience and location. Expect to pay an average of $40,000 to $70,000 per qualified driver annually.

Office space and equipment: Costs for an office space, computers, and other administrative essentials can vary widely depending on location but might average around $10,000 to $40,000 per year.

Compliance software and services: Investing in compliance software or services to ensure your company adheres to safety regulations can cost around $5,000 to $10,000 annually.

Marketing costs and advertising expenses: Depending on your marketing strategies , budget for promotional activities, which can range from a few thousand dollars to tens of thousands per year.

How long should my trucking company business plan be?

It's best to try to keep your business plan between 15 and 30 pages including your financial statements (which belong in the appendix), but there are no firm rules. Length is determined by how thorough you need to be. If you're just looking for funding for new equipment, for instance, your plan may only require 15 pages of material, but you will still need a financial model. On the other hand, if you're looking for outside investment or planning on expanding into new markets, it may require a more comprehensive business plan to more thoroughly explain the opportunity and why you’re qualified to be successful.

Will I have to attach expenses and budgets to my trucking company business plan?

What is the best business structure for a trucking company?

Most of the time, trucking companies start as sole proprietorships, which are the simplest and most inexpensive to maintain. You may also establish LLCs or corporations in addition to co-ops.

What are the most important elements in a trucking company business plan?

What are the sources of funding for a trucking business?

With regards to funding, financing options for a trucking business include bank loans and angel investors. With regards to bank business loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financial projections are reasonable. But they will want to see a professional plan, complete with a cash flow statement, income statements, loss statement and balance sheets. Such a plan will give them the confidence that you can run a successful business. 

The second most common form of funding for a trucking business is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. Venture capitalists will not fund a trucking business.

How do I find financing for my trucking company?

There are several sources of financing available specifically for established trucking businesses including commercial loans, small business administration (SBA) loans, and credit cards.  Many financial institutions can provide a loan of some type to help you get started. All of these can help cover the cost of purchasing new trucks along with other equipment.

Having realistic financial forecasts, backed by research will help secure financing.

TRUCKING BUSINESS PLAN OUTLINE

• 1. Executive Summary
• 2. Company Overview
• 3. Industry Analysis
• 4. Customer Analysis
• 5. Competitive Analysis
• 6. Marketing Plan
• 7. Operations Plan
• 8. Management Team
• 9. Financial Plan
• 10. Appendix
• Trucking Business Plan Summary

Other Helpful Business Plan Articles & Templates

How to Start a Coal Transportation Business?

• 11 comments
• 15,192 views

Entrepreneurs must seize basic knowledge and skill when starting a coal transportation business. Excellent planning, research, and study are needed to familiarize the process and procedure of the said business.

• Google Share

Coal transportation business can provide great income if planned and handled properly. This is a challenging business since you will be dealing with various rules and regulations. To ensure success in this type of business venture, familiarity, and legality are some of the keys.

Things to Consider in Coal Transportation Business

The way of transporting coal depends on the location or distance that needs to be covered. If the space is short, this can be done through a truck or conveyor. For extensive distribution and transportation, you will need barges or trains, or the coal can be mixed with water to make a slurry of coal and be able to transport it through the pipeline. For international delivery or transportation, shipping is needed.

It's imperative that before you invest and decide to put up this type of business is that you have enough knowledge of it. As stated above, proper knowledge will lead you to success. Consult experience or experts for a guide, and read and search the web for ideas and different types of coals you're willing to market. You must be familiar with types to offer the best to your customers.

Step-by-Step Process

First, you must be familiar with the type of coal you will transport and identify the area your services will cover. Study the area of competition. This is very important since you need to establish business with fewer or nonexisting competitors in the area. Since you're in the transportation business, obtaining a driver's license and registering your business is essential to make it legal and avoid law-related problems in the future. Plan thoroughly by considering the market, capital, marketing plan, strategy, and projected revenue of the business. You may also raise capital investment through the bank, a partner, or investors. Consider getting liability insurance and buying cargo; the amount will depend on your area. Consult a lawyer to draw up an agreement for the transport and staff if you plan to get one. Purchase the needed equipment and advertise your business using a website, TV ads, or simply by distributing brochures.

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As an entrepreneur of a coal business, you must be financially and mentally prepared. You must be willing to adjust to the industry's demand and adapt their business model. Being in the coal business, you must be ready for transportation and selling. Prepare to sell various coal products such as steam, industrial, specialty, and stoker coal. Ensure that you meet the standard carrier for the precise type of coal that needs to be transported. You must also take care or look forward to the proper disposal and removal of ashes and be sure that you're fully equipped to comply with the protocols and guidelines of the EPA.  

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11 Comments

• bele   said on January 19, 2017 i want to start a company to transport coal in sa
• maurice   said on May 28, 2018 I have interest in starting a coal transport business
• Maggie Mataboge   said on November 26, 2018 I want to know more about coal transportation in South Africa.
• ashish dwivedi   said on November 25, 2019 I need a business partner in all Uttar Pradesh side...
• Botsile   said on May 7, 2020 Need help to start a transport/distribution business in South Africa.
• AYUSH SINGH THAKUR   said on May 14, 2020 I wanna start my coal transportation business in INDIA......through Trucks
• Psycho Mashiloane   said on August 30, 2020 Hello there, my name is Psycho Mashiloane. Currently am running a small company of Taxis. So I got clues about running a Transportation Business. I now want to grow big like Transporting to Eskom. Can you please assist me in this regard? Thanks can contact me at my e-mail address.
• Vela   said on August 15, 2021 I need help starting a coal transportation business in SA.
• Duduzile   said on July 21, 2022 Hi, I need help starting a coal transporting business using rented trucks. How does one get a deal with a reliable mine?
• Mos   said on July 31, 2022 Hi interested in buying a truck and starting coal transportation in Mpumalanga in South Africa. Need assistance on how to create, please
• Lydia   said on January 18, 2024 Hi,I need help with coal transportation business, but I do not have the skills and knowledge about it, I also need information if you do not have the truck, how do you go about it hiring a truck for this kind of business, hoping to be assisted, thank you, South African.
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How to Write a Trucking Business Plan + Example Templates

Elon Glucklich

8 min. read

Updated October 31, 2023

Among the biggest threats to the economy during the COVID-19 pandemic was its impact on supply chains. Production stoppages created bottlenecks, leading to delayed orders and higher fulfillment costs. 

Truck drivers stepped up. The U.S. trucking industry generated a record $875 billion in revenue in 2021 , according to industry data. And truck drivers transported nearly three-quarters of the nation’s freight.

Today, there is more demand than ever for truck drivers to move imported and domestic goods from ports and production facilities to homes and businesses across the country. And with over 95% of registered trucking companies having 10 or fewer trucks in their fleet, there are opportunities today for entrepreneurs with experience in trucking to start a business. 

But there are also major hurdles to getting a trucking business up and running. You need the right licenses and permits. You’ll need to hire qualified drivers and maintain your fleet of trucks. You have to account for costs like insurance and fuel – all of this in addition to generating customer leads that will put cargo in your trucks and grow your business.

Because of the careful planning and attention to details involved, it’s crucial to have a solid business plan in place to map out your vision, structure, and operational processes in the transportation industry.

• Why You Need a Business Plan for Your Trucking Business

Trucking businesses need to navigate a patchwork of state and federal regulations. Then there are practical business decisions: Will you be operating private carriers who have the backing of a larger company, or will you employ for-hire carriers hauling the cargo of anyone willing to pay? How much startup funding will you need to purchase a fleet, hire and train drivers?  

Free Download: Sample Trucking Business Plan Template

A business plan will help you determine the startup costs you’ll need for staffing, licensing and insurance. An effective business plan will also help you determine the best strategic opportunities for your business through an analysis of market opportunities and challenges. In this guide, we’ll show you how to tailor your business plan to meet the needs of the trucking industry. You can even download a free trucking business plan template to help get you started.

• Understanding Industry Regulations

Operating within the legal and regulatory framework is both complex and crucial in the trucking industry. New rules and regulations are often under consideration by governing bodies like the U.S. Department of Transportation (DOT), the Federal Motor Carrier Safety Administration (FMCSA) and the National Highway Safety Administration – not to mention state regulations. A successful trucking business owner must understand and navigate the wide range of compliance issues that can arise.

A good place to start in your business plan is to compile a detailed list of these legal requirements. Doing so demonstrates your understanding of federal and state guidelines that your company needs to adhere to, as well as your preparedness to stay on top of ongoing compliance issues.

Start by detailing the major regulations that apply to your business. This may include driver compliance requirements (which we will get into in more detail about later), hours of service regulations that dictate how long drivers can operate without rest, safety regulations like regular vehicle inspections, maintenance, and repair, and any specific regulations related to the type of cargo you plan to transport.

Next, explain the steps you will take to keep your trucking business in compliance. These could include regular driver training programs, and the implementation of electronic logging device software to help you monitor and report driving time and hours of service records. You will also need to discuss your insurance strategy – whether and what types of insurance you plan to provide for driver liability or damage to cargo.

Including these details in your business plan shows potential investors, lenders, and other stakeholders that you’re serious about reducing potential legal risks and responding to compliance reviews or audits. It also demonstrates your commitment to running a professional and reliable trucking business.

• Hiring Qualified Drivers

It goes without saying that you can’t operate a trucking business without qualified drivers. And that can be a frustrating challenge. Due to an aging workforce, the trucking industry faced its second-largest number of job vacancies on record in 2022 . To overcome this challenge, you will need to detail a plan to attract, hire, and retain qualified truck drivers.

Begin by detailing the qualifications you’re looking for in drivers. It’s standard to require a certain level of experience and a clean driving record, but you should also consider whether you require specific Commercial Driver’s License endorsements based on the type of freight you plan to haul.

Next, outline your plans for driver training and professional development. Even experienced drivers need to be trained in company procedures and updated on industry regulations. Providing ongoing professional development opportunities can help keep your drivers engaged and committed to their jobs, and detailing those programs in your business plan shows that you are invested in your employees’ growth and success, which can be a significant selling point for job seekers.

You will also need to outline the incentives or benefits you’ll offer to attract and retain top talent. Given the staffing challenges, you should research trucking wages in your area and determine competitive pay, benefits and driver schedules based on that analysis. The trucking industry is known for its high turnover rate, so demonstrating your plans for driver retention is crucial.

• Fleet Management

Another key aspect to cover in your trucking business plan is your fleet management strategy. You will want to detail the type and number of vehicles you plan to start operating with. These details not only determine your initial capacity, but provide lenders or investors with a clearer upfront understanding of your startup costs.

You should be able to provide plenty of details about the specifications of your fleet – whether you’re operating with flatbeds, refrigerated trucks, or dry vans. Your needs will largely depend on the type of goods you plan to transport, so detailing these will help you focus your initial investments on your most pressing business needs.

Your plan should also explain how you will maintain your vehicles. And as your business grows, a fleet expansion may be necessary, as well as replacing older trucks. The fleet management section of your business plan should include the full range of details about whether you plan to lease or buy trucks, and how you will handle routine maintenance, such as hiring a dedicated in-house mechanic or contracting with a third-party service. Considering these factors in your business plan increases the likelihood you will be prepared to keep providing reliable service in the event of a disruption.

• Finding Clients

You’ve completed your compliance checklist, you’ve hired drivers and purchased your fleet. Now, who is going to give you their business?

You will need to dedicate a lot of space in your business plan to developing a comprehensive marketing and client acquisition strategy. Start by identifying your target market: Are you focusing on local deliveries, or long-haul services? Maybe there’s a specific type of cargo you plan to transport, like refrigerated goods or hazardous materials. Understanding your target market’s unique needs will help you tailor your services and differentiate your business from competitors. 

Next, discuss the tactics you’ll use to reach potential clients. These could include online advertising, cold calling, attending industry networking events or seeking out partnerships with other businesses. Focus on the strategies that best align with your target market and business model.

Referrals are a great source of business in the trucking industry. Take time in your business plan to discuss how you might be able to retain clients and encourage referrals, whether by offering fast delivery times, exceptional customer service, competitive pricing or other methods.

Finally, describe how you plan to retain clients and encourage referrals. This could involve superior customer service, competitive pricing, or value-added services. Client retention is often more cost-effective than client acquisition, and a high referral rate can significantly boost your reputation and bottom line. Outlining these long-term client development strategies in your business plan signals to lenders or potential investors that you’re focused on the long-term growth of your business.

• Fuel Costs and Efficiency

Fuel costs make up a significant portion of trucking company costs, and they can be among the  least predictable costs to forecast for a trucking business. So taking time in your business plan to show that you have a strategy for managing fuel costs and maximizing fuel efficiency in your business plan is critical.

You can use the business plan to explore your strategies for maintaining your fleet for optimal fuel efficiency. Regular maintenance checks can ensure your trucks are running at their best, maximizing miles per gallon and reducing the likelihood of costly breakdowns. Explain your planned maintenance schedule and how you’ll enforce it.

You can also consider technology investments like the use of route optimization software to plan the most efficient routes, as well as how you will train drivers to use fuel-efficient driving techniques like progressive shifting and minimizing idling time. Discuss how you plan to monitor fuel consumption and efficiency, such as through a telematics system to track fuel consumption data in real-time, allowing you to identify any issues quickly and adjust strategies as needed. By addressing fuel costs and efficiency in your business plan, you can show that you’re being proactive in addressing one of the biggest costs in your business.

• Download a free trucking business plan template and example

To help get your business started, check out our free trucking business plan template . You can download this document in Word form and use it as a foundation for your own business plan.

In addition to these resources, you may want to brush up on how to write specific sections of a traditional business plan. If so, take a look at our step-by-step guide on how to write a business plan .

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Elon is a marketing specialist at Palo Alto Software, working with consultants, accountants, business instructors and others who use LivePlan at scale. He has a bachelor's degree in journalism and an MBA from the University of Oregon.

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Coal Mining Business Plan Sample

JAN.24, 2020

Coal Mining Business Plan for Starting Your own Company

Do you want to start a coal mining business? Since coal has found tremendous uses in industries and power sectors, you won’t be at a loss if you start the coal mining business. The business includes extracting coal from the ground using modern mining, underground mining, contour mining, strip mining or any other technique.

The business, no doubt, requires a lot of manpower, skillset, technical equipment, and knowledge but the rate of return you can get from this business truly deserves all that.

Before taking an actual startup, you’re required to write a comprehensive business plan. To help you with that, we are providing a sample coal mine business plan for a startup named, David Miners.

Executive Summary

2.1 the business.

David Miners will be a licensed and registered coal mining company that will extract coal from various regions. The company’s outlet, workshop, and main office will be located in Chicago, Illinois. David Cameron will be the owner and CEO of the company.

2.2 Management of Coal Mining Company

Since the coal mining business requires many people of different eligibility and skillset, costly equipment and a large area to work, it’s essential to have a proper organizational structure. If you include a detailed management plan in your coal mining business plan template, you can get relief for a long time.

To effectively manage the working of his company, David will hire a manager and will overlook all the things by himself too. For efficient running of all tasks, David will hire miners, technicians, software experts, mining engineers, coal processing specialists, and general assistants.

2.3 Customers of Coal Mining Company

Before researching on how to start coal business you must explore who’ll be your customers. Our customers will mostly be the power producers, chemical and pharmaceutical companies, cement manufacturers and steel manufacturers. Later in this mining company business plan, we’ll provide details about the groups of our target customers.

2.4 Business Target

Our target is to provide supreme-quality coal to our consumers and becoming a top choice for everyone. Moreover, our monetary goal is to earn a profit margin of $10k per month by the end of the first year.

Company Summary

3.1 company owner.

David Cameron is a post-graduate in mining engineering from the Camborne School of Mines, England. David has worked with Alpha Natural Resources for two years and has gained considerable experience in the field.

3.2 Why the coal mining company is being started

David had always wished to start his own company. After acquiring his degree and experience in the mining field, he decided to opt for starting a mining company. And the answer to why David goes for just coal is based upon the tremendous uses of this fossil fuel. From making liquid fuel to manufacturing electricity and daily-life things coal has found several applications.

3.3 How the coal mining company will be started

In this coal mining business plan we’re providing all details of how David Miners will be started. In case you don’t know how to make your own coal, you can take help from this sample business plan mining free of cost. David has decided to buy the tools and equipment needed for coal mining and hire the required staff one week before the launch so that they can be trained. Since miners will have to go for extracting coal from place to place so David will hire senior assistants to monitor their tasks.

A large space in Chicago will be acquired on rent and converted into the company’s office, outlet and workshop. The company will employ techniques such as mountain top removal and strip mining for surface and underground mining of coals. After extracting, coal will be processed in the workshop to be let for sale in the company’s store.

The detailed start-up requirements, start-up funding, start-up expenses, total assets, total funding required, total liabilities, total planned investment group for business , total capital and liabilities as forecasted by experts, is given below:

If you want to start a coal mining business by owning a coal mine you will have to first decide the services and products, you’ll provide. It’s because your crew and technical equipment will be entirely dependent on that.

Including your products in your coal mine business plan is a better way to proceed. As it can help you in taking major decisions before the time of implementation.

David Miners will hire its own crew to extract coal from underground. The company will provide the following products to its customers.

• Bituminous & Sub-Bituminous Coal: We’ll provide bituminous and sub-bituminous coals that are mainly used in power industries to produce electricity.
• Metallurgical Coal: We’ll provide metallurgical coal that is primarily used in making steel.
• Anthracite: We’ll sell anthracite, highest quality coal used for residential and commercial purposes.
• Cannel Coal: We’ll also offer cannel coal used to produce luminous flames.
• Coke: Another major product of ours will be the coke, left-out residue of coal that has several uses.
• Coal Tar: We’ll also provide coal tar that is used to make perfumes, pesticides, dyes, etc.
• Other Residues: Other residues left after processing raw coal such as silica, coal gas will also be sold by us.

Marketing Analysis of Coal Mine

If you are thinking about owning a coal mine and selling coal products as your business, you must first carry out a detailed marketing analysis. Marketing analysis can help you in knowing the current status of similar businesses and ongoing trends in your target market. Moreover, it can help you explore what challenges you can face while working for your target market.

While doing market analysis, you will also come to know about the interests of your customer groups that can help you in coming up with something that is desired.

By studying this coal mining business plan sample, you can understand which things must be observed during marketing analysis. If you are not an expert at doing marketing analysis, then it is highly recommended to get this task done by some professionals.

5.1 Market Trends

Over 1500 coal mining companies are running in the United States, employing about 62,500 people. Though coal mining companies have collectively generated $30 billion in 2019, still IBISWorld has reported a decline rate for this business instead of a growth rate. But, if you enter this venture with full planning and efficient preparation and of course by selecting a market where there are fewer competitors, you won’t be at loss.

5.2 Marketing Segmentation

Target customers identified by David Miners are given here. Anyone looking for how to start coal business can benefit from here.

The detailed marketing segmentation of our target audience is as follows:

5.2.1 Power Production Companies: The biggest consumer of our processed coal will be power production companies. As bituminous coal, sub-bituminous coal and anthracite are used as thermal coal to produce steam.

5.2.2 Steel Manufacturers : 70% of the steel manufactured uses coal. As coking coal is essential for steel manufacturing thus such companies will be a target group for us.

5.2.3 Cement Manufacturers: Another group of our target customers will comprise of cement industries as coal is mainly used as an energy source for cement production.

5.2.4 Chemical Companies & Medical Facilities: Several companies such as those producing shampoos, dyes, paints, etc. will be needing our products. Moreover, pharma industries and medical facilities will need coal as coal products are used in processes like Charcoal Hemoperfusion

5.2.5 Others: Individual buyers and other companies who require coal products will also be our target customers.

5.3 Business Target

Clearly stating your business targets in your business plan coal mining company can help you in taking suitable measures to achieve them.

Business targets set by David Miners are given here:

• To generate a net profit margin of $10k per month by the end of the first year
• To maintain the amount of minimum cash balance
• To lower the wastage of resources by 15% every year by increasing work efficiency
• To increase our sales by 25% every three months

5.4 Product Pricing

Our prices are almost the same as our competitors. However, we’ll provide a 10% discount on our products for the first three months.

Marketing Strategy for Mining Company

Great work.

Had the pleasure of working with Alex on a business plan for a new venture. The end result looks very professional. His communication is always prompt and he was very patient with my detailed requests. I would definitely work with this company in the future.

Developing marketing strategy for mining company is an extremely important step as it is the only thing that can help you get introduced with your customers. In your business plan for a major coal development company, you must clearly list the methods, you’ll adopt to reach out the groups of your target customers.

6.1 Competitive Analysis

Our biggest competitive advantage is that the market in which our products are demanded is really large. Though there are other already-established coal companies near us, still we hope to get customers as the need for coal is increasing with the passage of time. Moreover, David is already in contact with people who can need us for coal supply.

Secondly, we own the best equipment, highly qualified and skilled staff, who’re efficient in all the works from blowing a mountaintop to generate coal tar from coal.

Lastly, only we in the whole market provide online ordering and payment options. Through the services of our web-developers, we’ll enable our consumers to order us for delivering their desired products at the said time.

6.2 Sales Strategy

We will introduce our startup to the groups of our target customers by sending letters and brochures about us. We’ll ensure strong social media and web presence. Lastly, we’ll provide several discounts to encourage more and more customers to make a purchase.

6.3 Sales Monthly

6.4 Sales Yearly

6.5 Sales Forecast

Our sales pattern is expected to increase with years. By analyzing our market segmentation strategic business plan , our experts have forecasted the following sales on a yearly basis which are summarized in the column charts.

The detailed information about sales forecast, total unit sales, total sales is given in the following table:

Personnel plan

7.1 company staff.

David will be the owner and CEO of the company. To run his coal mining business he’ll hire the following people:

• 2 General Managers to manage overall operations
• 2 Accountants to maintain financial records
• 2 Mining Engineers to maintain coal extracting and processing processes
• 10 Field Employees to carry out major tasks
• 2 Senior Assistants to supervise various tasks
• 1 Sales and Marketing Officer to discover new ventures
• 1 Store Operator to operate display center
• 2 Technicians to maintain technical equipment
• 1 Web Developer to manage company’s sites
• 5 Cleaners to maintain the facility
• 2 Drivers to provide transport
• 1 Front Desk Officer to act as a receptionist

7.2 Average Salary of Employees

The following table shows the forecasted data about employees and their salaries for the next three years.

Financial Plan

The only thing that can help you in setting smart, and attainable financial goals for your business is a financial plan. In your coal mining business plan, you must thoroughly analyze how can you achieve your monetary goals while balancing all the expenses of equipment, maintenance, staff salary, and workplace rent.

To do all that careful spending, budgeting of your hard-earned cash is required which is only possible when you have decided main things in the form of a financial plan. To give you an idea of how to write an effective financial plan, we’re providing here a sample financial plan of David Miners.

8.1 Important Assumptions

8.2 brake-even analysis.

8.3 Projected Profit and Loss

8.3.1 profit monthly.

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.4 Projected Cash Flow

8.5 Projected Balance Sheet

  8.6 business ratios.

Download Coal Mining Business Plan Sample in pdf

OGScapital also specializes in writing business plans such as business plan for a metal casting shop , diamond cutting business plan , business plan for manufacturing industry , semiconductor business plan , starting a furniture company , business plan for a biodiesel and many other business plans.

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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Starting Trucking Business Plan (PDF)

Trucking is the conveyance of freight by trucks. Trucking business is a very profitable business venture, which is highly rewarding. The trucking industry is a cornerstone of the economy within many countries.  Although a potentially lucrative business; joining the trucking business sector has very specific requirements in terms of finance, logistics, marketing strategy and customer care. This article will outline how to start the trucking and logistics business, and the trucking business plan – PDF, Word and Excel.

Size is not everything in the trucking industry – you do not need a large fleet in order to start up the trucking and logistics business. There are stories of people who have started a successful trucking business with nothing more than a single vehicle. At the same time, the trucking business industry is diverse and rich enough to accommodate very large conglomerates with impressive fleets. Whatever option you choose; there are some critical issues that you must take into consideration as you come up with your trucking business plan.

Trucking Business Model

An important choice: owner-operator or start a fleet.

The trucking business can be done using several approaches. The most basic or market entry one is being an owner-operator. This shows you that you can start the trucking business with just one truck. The other approach is putting together a fleet of trucks i.e. a trucking company. It is advisable to have at least 3 trucks if you are to realize good profits. With a fleet of trucks you can get contracts to haul goods from a wide range of clients. You can also hire out your trucks for use in moving freight.

Multivariate Business Model

Despite which approach you choose, the trucking business model is a bit intricate. This is because there are several variables you must factor in to determine your pricing. For instance, you have to factor in distance to be covered, load size, type of goods, and so on. Then you have to determine a service charge that offsets all the related costs leaving you with a profit. That is why it is recommended to get transport management system software. This helps you to make iterative calculations to determine whether or not a gig is worth it. It also helps you know what you can tweak to widen your profit margins.

Although your business will be on the road; you still need some sort of premises for your trucking and freight business. You can hire an office in the beginning and then purchase your own later on. There are many providers that can furnish the premises and give you a secretariat to manage your administrative work. The work of the office is vital to the rest of the business. You should not treat it like a separate entity which does not need to conform to the highest standards of customer care. Instead try to ensure that you have a seamless service provision that is uniformly impressive and excellent. You also need secure premises where your trucks will be parked when not on the road. The trucking business plan should cater for funds to purchase or lease premises.

Vehicles and Equipment

Obviously you will require trucks in order to start the trucking business. The vehicles can be imported from other countries where they are cheap or you can buy them locally from your country. The number and type of trucks required will depend on the amount of capital which you have and your target market. You will also have to make a decision of whether to buy brand new trucks or used trucks. When starting the business with limited capital, it maybe better to purchase used trucks. The advantage of having new trucks is that you have lower maintenance costs and better reliability on the road.

There are several factors to take into consideration when purchasing the trucks. Some of the factors include: purchase price, fuel consumption, transmission mode (automatic vs manual), gross vehicle mass (GVM), truck engine horsepower, availability of sleeper cab, new truck vs used truck. The trucks that are selected must be large enough to safely carry the items that you propose to transport. If you have limited capital, you can always start your trucking business with just one truck. Trucking business is very profitable and if you reinvest your profits, you will be able to purchase more trucks.

Equipment required for the trucking business include garage equipment, tents, ropes and repair tools. The truck drivers should always travel with basic repair tools such that if they encounter minor problems along the way, they can always fix the trucks. The trucking and logistics business plan should include the costs of purchasing the vehicles and equipment.

Truck Servicing And Repairs

Regular truck servicing must be a principle.

If you are to experience long term success in the trucking business, you must prioritize regular truck servicing. Trucks have prescribed servicing regiments that they must undergo periodically. This is something you can have done in-house or you can outsource. Trucks will normally cover long distances which is why they must be serviced regularly. How efficient your trucks will be is a function of how often you get them serviced. Your trucks will even last longer as well. This will translate to profitability in the long run because your brand will be reputable, getting contracts all the time. The costs of servicing should be included in the trucking business plan.

Early Detection Of Potential Problems Is Paramount

Servicing in itself helps in early detection of potential truck problems. However, it should be the custom to regularly check your truck(s). This is to see if all is in good working order. When trucking it is also wise to make regular stops to do some checks. Early detection will make repairs, if there are problems, cheaper and less tasking. Faulty starters, faulty brakes, tyres defects (or low pressure), and overheating of the engine are typical. Have an appreciation of how to do basic repairs. This will eliminate the need to pay to get professionals do the repairs. However, when in doubt it is best to get professional assistance.

Trucking Business Insurance and Licences

One of the critical requirements that can potentially have catastrophic consequences for the public as well as the business is insurance. It is advisable to have a comprehensive insurance plan. The costs of such a package are more than offset by the potential losses if you were to have an accident. As a business; the trucking company may be liable for very significant punitive damages particularly if there is a loss of life. Without adequate insurance, the trucking company business could be bankrupted by compensation claims.

The trucking industry is regulated and the specific licences depends with the country. First of all, your drivers must be properly licensed with up to date records including health checks and driver licences. Driving a truck is very different from driving a small car. Therefore; specific training, testing and review procedures are mandatory. There are specific requirements for transporting sensitive items such as cash, food, medicine and hazardous goods. Your local council will have a list of regulatory requirements which must be diligently followed lest you lose your license to operate the trucking business. The trucking and logistics business plan should include costs for the insurance and licenses.

Staff and Management

Operations staff is a necessity. Operations staff are responsible for handling the operations of the trucking business. They include drivers, assistants, logistics personnel, mechanics and operations manager. You will need a truck driver as the minimum starting employee for the trucking business.

Finance and accounting employees are also required. For a small trucking and logistics business, the duty can be handled by the owner of the business or a part time accountant. However as the trucking transport business grows, there will be need for full time employees who will be responsible for the finance and accounting needs of the business. Their duties will include usual day to day transaction accounting for business, managing the cash flow of the trucking business, and always ensuring the enough funds are available for the day to day needs of the trucking business.

Marketing is essential for you to be successful in the trucking and logistics business. To have a stable cash flow, your trucks should always be on the road. This is only possible if you are marketing your business. Thus your trucking business will also need marketing and sales staff. You can also have part time marketing employees who are paid on commission basis based on the number of clients which they bring to your business. Your trucking business plan should cater for the wages and salaries of all your staff.

Capital for the Trucking and Logistics Business

The amount of capital required for the trucking business depends on the size of the business. It all depends on what you want to achieve and the resources that you have. When starting a trucking and logistics business, most of the capital goes to acquiring the trucks. You can get a loan from the bank, or funding from investors, to use as capital to start your trucking business. If you plan to raise capital from investors and a loan from the bank, you need a good trucking business plan. If you don’t have access to investors and bank loan, you can use your personal savings and start small, and grow your trucking business overtime. Trucking business is very profitable, so if you reinvest the profits you get, you can grow over time. Even if you are not planning to get a loan, you should still get a trucking project plan to guide you in starting and operating the business. It is essential for you to have a trucking business plan before you venture into the trucking and logistics business, so that you know all the costs involved and you make an informed decision.

• Market Analysis

Pay Attention To The Various Segments

The trucking industry is highly segmented and quite competitive. You must understand that segmentation can come from the nature of loads to be hauled. There are different types of trucks e.g. flatbeds, dry vans, tankers, and refrigerated trucks, amongst others. Segmentation can also come from the average distances to be covered e.g. short haul, medium haul, and long haul. Long haul is over 250 miles and medium haul lies between 100 miles and 250 miles. Short haul is for distances of 100 miles or less. Segmentation could be pertaining to the industry in question. Trucking dynamics vary across the various industries e.g. manufacturing, mining, agriculture, wholesale and retail, and energy.

Study Trends, Consumer Behaviour, And Competitors

For you to be successful in the trucking business you should get intimately acquainted with important statistics in the industry. Examples of this include multiyear outlooks and forecasts. This is important especially statistics that are instructive to your ultimate trucking business strategy. You have to become knowledgeable in the status quo of your respective trucking industry. Get to know what is trending e.g. the use of technology in trucking is on the rise. Find out what the most common trucks and load types are. Study on the various consumers in your intended target market. What do they usually need in terms of trucking services? Dig into what your direct competitors will be – their offerings, operations, and market shares.

Market for the Trucking Business

The market for the trucking industry is very huge. A lot of industries require trucking services. These include agriculture industry, mining industry, manufacturing industry, construction industry, fuel industry, supermarkets, wholesalers, distributors and raw materials suppliers. Companies and individuals need trucks to transport bulky goods.

Sales And Marketing Strategies

A good reputation for reliability, consistency and good service are the key ingredients for developing the customer base for your trucking business. Most of the people that use haul freight focus on repeat business with those service providers who have met their needs and gone the extra mile before. You need to build those relationships by joining the community of truckers and their customers. That means not turning down invitations to industry events and actively organising some of your own. Remember that once a reputation is lost, it is hard to recover it. You must be proactive in the marketing strategy of your trucking business. That means going out to meet and woo customers rather than waiting for them to come for you. Later on when the business has acquired a reliable client base; you may find that previous customers are actually selling your business for you via their review and recommendations process.

Online Marketing

Do not forget the power of the internet. If your trucking business is to stand out, you must come up with robust marketing and sales strategies. It all starts with having a powerful website and it should be augmented by active social media accounts. It is smart to incorporate a blog element on your website. This will enable you to regularly post engaging content related to the trucking industry. This is effective in generating leads. You must leverage on many online trucking communities. There are many social media pages or groups exclusively for truckers. There are also online marketplaces where you can put up the profile of your trucking business. Your trucks should be properly branded because they are essentially ad material on wheels. Make sure that you have a functional website that includes a welcome message, clear details about what you do and a purchasing process that is convenient so that people can order without physically visiting your premises. A proper marketing plan should be included in the trucking business plan.

Keys To Trucking Business Profitability

First off, limit operating costs as much as possible. Regularly service and do maintenance for your trucks. This cuts out costs related to repairs. You will also avoid losses from downtimes or loss of clients. Be thorough in your costing so that you do not overlook and can even tweak costs. Always ensure you are booked, with your trucks on the road. You should also strive to find high revenue gigs but with short distances covered. Get a GPS tracking system set up to ensure operators are always on-schedule. Overall, create the best client experiences so that you get more work via word of mouth. Make sure you have a good trucking business plan. The trucking business is full of unlimited business opportunities. It is common to see trucking companies today that started off with one person as an owner-operator. Steady growth is possible; the trucking business is quite scalable. The many niching options available are also a bonus.

Pre-Written Trucking Business Plan (PDF, Word And Excel): Comprehensive Version, Short Funding/Bank Loan Version and Automated Financial Statements

For an in-depth analysis of the trucking and freight business, we encourage you to purchase our well-researched and comprehensive trucking business plan. We introduced the business plans after discovering that many were venturing into the trucking transport business without enough knowledge and understanding of how to run the trucking and logistics business, lack of understanding of the financial side of the business, lack of understanding of : the industry, the risks involved , costs and profitability of the business; which often leads to disastrous losses.

The StartupBiz Global trucking transport business plan will make it easier for you to launch and run your trucking business successfully, fully knowing what you are going into, and what’s needed to succeed in the business. It will be easier to plan and budget as you will be aware of all the costs involved in setting up and running the trucking transport business.

Uses of the Trucking Business Plan (PDF, Word And Excel)

The trucking business plan can be used for many purposes including:

• Raising capital from investors/friends/relatives
• Applying for a bank loan
• Start-up guide to launch your freight trucking business
• As a trucking business proposal
• Assessing profitability of the trucking business
• Finding a business partner
• Assessing the initial start-up costs so that you know how much to save
• Manual for current business owners to help in business and strategy formulation

Contents of the Trucking Business Plan (PDF, Word And Excel)

The trucking business plan include, but not limited to:

• Marketing Strategy
• Financial Statements (monthly cash flow projections, income statements, cash flow statements, balance sheets, break even analysis, payback period analysis, start-up costs, financial graphs, revenue and expenses, Bank Loan Amortization)
• Risk Analysis
• Industry Analysis
• SWOT & PEST Analysis
• Operational Requirements
• Operational Strategy
• Why some people in trucking business fail, so that you can avoid their mistakes
• Ways to raise capital to start your trucking business

The Pre-written trucking business plan package consist of 4 files

• Trucking Business Plan – PDF file (Comprehensive Version – 74 Pages)
• Trucking Business Plan – Editable Word File (Comprehensive Version – 74 Pages)
• Trucking Business Plan Funding/Bank Loan Version- Editable Word File (Short version for applying for a loan/funding – 43 pages)
• Trucking Business Plan Automated Financial Statements – (Editable Excel File)

The business plan can be used in any country and can be easily edited. The financial statements are automated. This implies that you can change eg the number of trucks, pricing rate per KM etc, and all the other financial statements will automatically adjust to reflect the change.

Click below to download the Contents Page of the Trucking Business Plan (PDF)

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Get the Trucking Business Plan (PDF, Word And Excel)

Click Buy Now  below to purchase using Paypal, Credit Card, or Debit Card. After you have purchased, you will immediately see the download link for the business plan package on the screen. You will also immediately get an email with the business plan download link. The Pre-written business plan package (PDF, Word, and Excel) costs $30 only!

If you want to purchase multiple business plans at once then click here: Business Plans Store.

The business plan package is a zipped compressed file containing the PDF, Word and Excel documents. To open the package after downloading it, just right click, and select Extract All. If you have any problems in downloading and opening the files, email us on [email protected] and we will assist you.

We wish you the best in your trucking business! Check out our collection of business plans  , and more business ideas .

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Coal Mining Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Mining Sector

Are you about starting a coal mining business? If YES, here is a complete sample coal mining business plan template & feasibility report you can use for FREE .

Okay, so we have considered all the requirements for starting a coal mining business. We also took it further by analyzing and drafting a sample coal mining business marketing plan template backed up by actionable guerrilla marketing ideas for coal mining businesses. So let’s proceed to the business planning section .

Business ideas are all around us but one of the challenges that aspiring entrepreneurs are confronted with is how to know a business that can become profitable and successful.

The rule of thumb in choosing a business to launch is to look out for a business whose products or services are needed in our everyday life; a business whose products can be purchased by the rich as well as the poor and a business that is less competitive in your location. Starting a coal mining company can come in handy if you have the business exposure and financial requirements.

If you are sure that this type of business is what you truly want to do after you must have conducted your market research and feasibility studies, then the next step to follow is to write a good business plan.

The truth is that it is one thing to have a fantastic idea cum business plan, but another thing for the business plan to translate to money (profits), that is why it is important to assemble a team of experts to work with if you want to be successful with your coal mining company as you can hardly run this type of business alone. Below is a sample coal mining company business plan template that will help you successfully launch your own.

A Sample Coal Mining Company Business Plan Template

1. industry overview.

Players in the coal mining industry are basically involved in mining various types of coal. This often occurs either underground or in surface pits.

Most coal mines consist of bituminous coal or anthracite, but companies might also excavate lignite (brown coal). Players in this industry also develop coal mine sites and prepare the coal for sale by washing, screening and sizing the material.

The coal industry has been volatile in recent years, and revenue has declined over the five years to 2017 as a result. IBISWorld indicated that the prices of thermal and metallurgical coal surged just prior to the five-year period, and have continually dropped since, inhibiting industry growth.

Furthermore, the emergence of natural gas as a substitute for coal in electricity generation, a slowing Chinese economy and relatively mild winters in the united states have reduced demand for coal and contributed to price volatility over the past five years.

IBISWorld also shows that over the next five years, however, the industry is expected to return to slow growth, as slowing economic growth in major global markets (e.g. China) places downward pressure on product prices.

The Coal Mining industry is a thriving sector of the economy of loads of countries all across the globe and in the United States, and the industry generates over $28 billion annually from more than 1,538 coal mining companies scattered all around the United States of America.

The industry is responsible for the employment of over 60,877 people. Experts project the industry to grow at a -7.8 percent annual rate. Alpha, Arch Coal, CONSOL Energy and Peabody Energy are the market leaders in this industry.

A recent report published by IBISWorld shows that Coal Mining industry is highly capital intensive, with most of its assets held in the form of land holdings, stocks and equipment. Establishing a new mine or expanding an existing one requires a large amount of capital.

For example, capital is required for mine site development and specialized equipment, including items such as draglines (used to remove overburden at open-cut operations), longwalls (shearers and accompanying hydraulic supports and coal extraction conveyors) and coal washing plants.

Ongoing investment requirements largely depend on coal prices. If coal prices are too low, then an operator might reduce production; it might not be economical to extract coal from the mine at a cost that might surpass the expected market price.

Any aspiring entrepreneur that is considering starting a coal mining business whether on a small scale or in a large scale should ensure that he or she obtains all the necessary permits from both the local government, state government and federal government. He or she should conduct thorough market survey and feasibility studies so as to get it right. The truth is that this type of business does pretty well when it is strategically positioned.

In summary, coal mining is a profitable business venture and it is open for any aspiring entrepreneur to come in and establish his or her business.

2. Executive Summary

Gabby Pascal® Coal Mining Company is a licensed coal mining company that will be based in Juneau – Alaska. Although we intend starting out on a small scale as a cottage company, but that will not in any way stop us from maximizing our potential in the coal mining industry.

Our business goal as a coal mining company is to become the number one choice of road construction companies cum construction sites in Alaska and other cities in the United States where we intend supplying bituminous coal, sub-bituminous coal, lignite and anthracite et al.

As a business, we are willing to go the extra mile to invest in owning our own world – class and environmental friendly coal mines and also to hire efficient and dedicated employees. We have been able to secure permits and licenses from all relevant departments both at local government and state level in Juneau – Alaska.

Gabby Pascal® Coal Mining Company is set to redefine how coal mining business should be run, not just in Juneau – Alaska, but also in the whole of the United States of America. This is why we have put plans in place for continuous training of all our staff at regular intervals.

No doubt the demand for bituminous coal, sub-bituminous coal, lignite and anthracite et al is not going to plummet any time soon which is why we have put plans in place to continue to explore all available market around construction sites where we intend supplying our products.

In the nearest future, we will ensure that we create a wide range of distribution channels all across the United States of America. With that, we know we will be able to maximize profits in our business.

Gabby Pascal® Coal Mining Company will at all-time demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely.

Gabby Pascal® Coal Mining Company is a partnership business that will be jointly owned by Gabby Jose and Pascal Bob. Gabby Jose who is the Chief Executive Officer of the Company has a Degree in Mining Technology and over 10 years of experience working in related industry as a senior manage cum mining engineer prior to starting Gabby Pascal® Coal Mining Company. He will be working with a team of professionals to build the business and grow it to enviable height.

3. Our Products and Services

Gabby Pascal® Coal Mining Company is established with the aim of maximizing profits in the coal mining industry. We want to compete favorably with the leaders in the industry which is why we have but in place a competent team that will ensure that our products are of high standard.

We will work hard to ensure that Gabby Pascal® Coal Mining Company is not just accepted in Juneau – Alaska, but also in other states all across the United States of America where we intend supplying our products. Our products are listed below;

• Bituminous coal and lignite surface mining
• Bituminous coal and lignite underground mining
• Anthracite mining

4. Our Mission and Vision Statement

• Our vision as a coal mining company is to engage in national distribution of coal all across the United States of America.
• Our mission is to establish a standard and world class, environmental friendly coal mining company that in our own capacity will favorably compete with leaders in the industry on the global stage. We want to build a coal mining company that will be listed amongst the top 10 coal mining company brands in the United States of America.

Our Business Structure

As part of our plans to build a top flight coal mining company in Juneau – Alaska that will favorably compete with leaders in the industry, we have perfected plans to get it right from the onset which is why we are going the extra mile to ensure that we have competent employees to occupy all the available positions in our company.

The picture of the kind of coal mining company we intend building and the business goals we want to achieve is what informed the amount we are ready to spend to ensure that we build a business with dedicated workforce and robust distribution network.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions at Gabby Pascal® Coal Mining Company;

• Chief Executive Officer (Owner)
• Quality Assurance Manager

Human Resources and Admin Manager

• Sales and Marketing Officer
• Accountants/Cashiers

Coal Mining Casual Workers

• Truck/Tipper Drivers
• Customer Service Executives

5. Job Roles and Responsibilities

Chief Executive Officer – CEO (Owner):

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Coal Mining Site Manager

• Maps out strategy that will lead to efficiency amongst workers in the organization
• Ensures that our coal mining site meets the expected safety and health standard at all times.
• Assess the mines to ensure they are safe
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Defines job positions for recruitment and managing interviewing process
• Carries out induction for new team members
• Responsible for training, evaluation and assessment of employees
• Oversees the smooth running of the daily business activities

Sales and Marketing Manager

• Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
• Models demographic information and analyze the volumes of transactional data generated by customer purchases
• Identifies, prioritize, and reach out to new partners, and business opportunities et al
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with customers
• Develops, executes and evaluates new plans for increasing sales
• Documents all customer contact and information
• Represents the company in strategic meetings
• Helps to increase sales and growth for the company
• Responsible for operating excavators and other machines and equipment in the coal mining site
• Responsible for handling the mining of bituminous coal and lignite surface mining, bituminous coal and lignite underground mining and anthracite mining
• Assists in loading and offloading of coals into and out of the trucks

Accountant/Cashier

• Responsible for preparing financial reports, budgets, and financial statements for the organization
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the organization
• Serves as internal auditor for the organization

Distribution Truck/Tipper Drivers

• Assists in loading and unloading bituminous coal and lignite surface mining, bituminous coal and lignite underground mining and anthracite mining et al
• Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
• Keeps a record of vehicle inspections and make sure the truck is equipped with safety equipment
• Assists the transport and logistics manager in planning their route according to a delivery schedule.
• Inspects vehicles for mechanical items and safety issues and perform preventative maintenance
• Complies with truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
• Collects and verifies delivery instructions
• Reports defects, accidents or violations

Client Service Executive

• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
• Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to customers when they make enquiries (answer customer queries regarding the store and the merchandise)
• Finds out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits.
• make suggestions and encourage purchase of products

6. SWOT Analysis

Because of our drive for excellence, we were able to engage some of the finest business consultants in Juneau – Alaska to look through our business concept and together we were able to critically examine the business and ourselves to be sure that we have what it takes to run a standard coal mining business.

In view of that, we were able to take stock of our strengths, our weakness, our opportunities and also the threats that we are likely going to be exposed to in the United States of America. Here is a of what we got from the critically conducted SWOT Analysis Gabby Pascal® Coal Mining Company;

Our strength lies in the fact that we have state of the art coal mining equipment and trucks that will position us to meet the demand of our clients even if the demand tripled over night or if we have a massive order to meet and emergency need.

Another factor that counts to our advantage is the background of our Chief Executive Officers; they have robust experience in the industry and also pretty good academic qualifications to match the experience acquired. We are not ignoring the fact that our team of highly qualified and dedicated workers will also serve as strength for our organization.

We do not take for granted the facts that we have weaknesses. In fact, the reality that we are setting up a coal mining company in a town with other coal mining businesses might likely pose a challenge for us in breaking into the already saturated market in Juneau – Alaska. In essence our chosen location might be our weakness. But never the less, we have plans to launch out with a big bang.

• Opportunities:

The opportunities available to us are unlimited. There are loads of road construction sites and road repair projects in and around Juneau – Alaska and all what we are going to do to push our products to them is already perfected.

The threat that is likely going to confront us is the fact that we are competing with already established coal mining companies in Juneau – Alaska and also there are other entrepreneurs who are likely going to launch similar business within the location of our business. Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and economic downturn.

7. MARKET ANALYSIS

• Market Trends

A slowing Chinese economy and relatively mild winters in the United States have reduced demand for coal, so also natural gas is increasingly challenging coal’s role in power generation and the Coal Mining industry is anticipated to bounce back slightly in the next five years

It is common trend in the coal mining line of business to find coal companies positioning their business in locations and communities where they can easily have access to coal mines and of course cheap labor. If you make the mistake of positioning this type of business in a location where you would have to travel a distance before you can access coal mines in commercial quantities, then you would have to struggle to make profits and maintain your overhead and logistics.

Another trend in this line of business is that most registered and well organized coal mining companies look beyond the market within their locations or state; they ensure that they strike business deals with leading road construction companies in the United States of America.

The truth is that if as a coal mining company you are able to become a vendor to one or more road construction giants in the United States of America, you will always continue to smile to the bank.

8. Our Target Market

When it comes to supplying product from a coal mines, there is indeed a wide range of available customers. This goes to show that the target market for products from a coal mining companies are far reaching, you can create your own make niche yourself to serve a specific purpose.

We are in business to engage in supply of bituminous coal and lignite surface mining, bituminous coal and lignite underground mining and anthracite mining et al to the following organizations;

• Building and construction companies
• Road construction companies

Our Competitive Advantage

Some of our competitive advantage are availability of resource, ability to find new resource deposits and of course, economies of scale.

So also, as a standard coal mining company, we know that gaining a competitive edge requires a detailed analysis of the demographics of the surrounding area and the nature of existing competitors. And even if you are successful at first, new competitors could enter your market at any time to steal your regular customers. Hence we will not hesitate to adopt successful and workable strategies from our competitors.

Another competitive advantage that we have is the vast experience of our management team, we have people on board who are highly experienced and understand how to grow business from the scratch to becoming a national phenomenon. Our large and robust distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Gabby Pascal® Coal Mining Company is established with the aim of maximizing profits in the road construction cum building industry both in Juneau – Alaska and throughout key cities in the United States of America. We are going to go all the way to ensure that we do all it takes to sell our products to a wide range of customers.

Gabby Pascal® Coal Mining Company will generate income by simply supplying the following;

10. Sales Forecast

One thing is certain when it comes to coal mining business, if your business is strategically positioned and you have good relationship with players in the road construction industry, you will always attract customers.

We are well positioned to take on the available market in and around Juneau – Alaska and we are quite optimistic that we will meet our set target of generating enough profits from our first six months of operation and grow the business and our clientele base.

We have been able to critically examine the coal mining line of business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Juneau – Alaska.

• First Fiscal Year: $400,000
• Second Fiscal Year: $950,000
• Third Fiscal Year: $1.5 million

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same product and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

Before choosing a location to start Gabby Pascal® Coal Mining Company, we conducted a thorough market survey and feasibility studies in order for us to penetrate the available market in Juneau -Alaska. We have detailed information and data that we were able to utilize to structure our business to attract the number of customers we want to attract per time and also to compete with other coal mining companies.

We hired experts who have good understanding of the coal mining line of business to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market for our products.

In other to continue to be in business and grow, we must continue to sell our products to the available market which is why we will go all out to empower our sales and marketing team to deliver our corporate sales goals. In summary, Gabby Pascal® Coal Mining Company will adopt the following sales and marketing approach to sell our coals;

• Introduce our business by sending introductory letters to road construction cum building companies, road construction contractors and other stakeholders in and around Juneau – Alaska
• Open our business with a party so as to capture the attention of residents who are our first targets
• Engage in roadshows in targeted communities from time to time
• Advertise our products in community based newspapers, local TV and radio stations
• List our business and products on yellow pages ads (local directories)
• Leverage on the internet to promote our product cum business
• Engage in direct marketing and sales
• Encourage the use of Word of mouth marketing (referrals)

11. Publicity and Advertising Strategy

Regardless of the fact that our coal mining company is a standard one that can favorably compete with other leading coal mining companies in Juneau – Alaska and in any part of the world, we will still go ahead to intensify publicity for all our products and brand. We are going to explore all available means to promote Gabby Pascal® Coal Mining Company.

Gabby Pascal® Coal Mining Company has a long term plan of exporting our product all across the United States of America. This is why we will deliberately build our brand to be well accepted in Juneau – Alaska before venturing out to other cities all across the United States of America.

As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise Gabby Pascal® Coal Mining Company;

• Place adverts on both print (community based newspapers and magazines) and electronic media platforms
• Sponsor relevant community programs
• Leverage on the internet and social media platforms like Instagram, Facebook, Twitter, et al to promote our brand
• Install our billboards in strategic locations all around major communities in Juneau – Alaska
• Engage in roadshows from time to time in targeted communities
• Distribute our fliers and handbills in target areas
• Position our Flexi Banners at strategic positions in the location where we intend getting customers to start patronizing us
• Ensure that all our staff members wear our customized clothes, and all our official cars and distribution trucks are customized and well branded

12. Our Pricing Strategy

At Gabby Pascal® Coal Mining Company, we will keep the prices of our products below the average market rate by keeping our overhead low and by collecting payment in advance from well – established road construction companies that would require constant supply of our products. In addition, we will also offer special discounted rates to all our customers at regular intervals.

• Payment Options

The payment policy adopted by Gabby Pascal® Coal Mining Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Gabby Pascal® Coal Mining Company will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via online bank transfer
• Payment via Point of Sale Machines (POS)
• Payment via mobile money platforms
• Payment via check
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our coals without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the purchase of our products.

13. Startup Expenditure (Budget)

From our market survey and feasibility studies, we have been able to come up with a detailed budget on how to achieve our aim of establishing a standard and highly competitive coal mining company in Juneau – Alaska and here are the key areas where we will spend our startup capital;

• The total fee for registering the business in the United States of America – $750.
• Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) – $3,300.
• Marketing promotion expenses for the grand opening of Gabby Pascal® Coal Mining Company in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• The cost for hiring business consultant – $2,500.
• Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $2,400.
• The cost for payment of rent for 12 months at $1.76 per square feet in the total amount of $105,600.
• The cost for facility remodeling – $20,000.
• Other start-up expenses including stationery ( $500 ) and phone and utility deposits ($2,500 ).
• Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $60,000
• The cost for start-up inventory (coal mining equipment, tippers / trucks and other related coal mining devices) – $250,000
• The cost for store equipment (cash register, security, ventilation, signage) – $13,750
• The cost of purchase and installation of CCTVs – $5,000
• The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, tables and chairs et al) – $4,000.
• The cost of launching a website – $600
• The cost for our opening party – $5,000
• Miscellaneous – $5,000

We would need an estimate of $450,000 to successfully set up a standard and highly competitive coal mining company in Juneau – Alaska.

Generating Startup Capital for Gabby Pascal® Coal Mining Company

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a business.

Gabby Pascal® Coal Mining Company is a partnership business that is owned and financed by Mr. Gabby Jose and Pascal Bob. They do not intend to welcome any external business partner which is why they have decided to restrict the sourcing of startup capital to 3 major sources.

These are the areas we intend generating our startup capital;

• Generate part of the startup capital from personal savings and sell of stocks
• Source for soft loans from family members and friends
• Apply for loan from the Bank

N.B: We have been able to generate about $150, 000 ( Personal savings $100, 000 and soft loan from family members $50, 000 ) and we are at the final stages of obtaining a loan facility of $300,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

14. Sustainability and Expansion Strategy

The future of a business lies in the number of loyal customers that they have, the capacity and competence of their employees, their investment strategy and their business structure.

One of our major goals of starting Gabby Pascal® Coal Mining Company is to build a business that will survive off its own cash flow without needing to inject finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to supply our coals a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Gabby Pascal® Coal Mining Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit to operate coal mines in Juneau – Alaska: Completed
• Purchase of Insurance for the Business: Completed
• Leasing of a facility and renovating the facility as well: In Progress
• Conducting Feasibility Studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Purchase of the needed stone quarry machines and equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party planning: In Progress
• Establishing business relationship with road construction companies, contractors and other stakeholders in the road construction cum building industry: In Progress
• Purchase of tippers and delivery trucks: Completed

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