If you are thinking of starting your own moving company, then you have made a good decision. One out of every 6 Americans needs the assistance of a mover every year, which makes it an excellent investment. However, starting a moving company is not that easy as you have to care for plenty of things. From developing a business plan to getting all the moving permits, you have to get everything in order. For example, if you are starting the company in California, you will need a California motor carrier permit and won’t be able to provide interstate moving service without it. That is why if you have decided to build your own moving company you will have to start paying attention to all these things starting from today.
When you are starting a moving service, you don’t necessarily have to invest a lot of money straight away. You can start by taking small steps, and once you have established your company, only then should you think about getting your own warehouse and vehicles. In this article, I have mentioned a few things that you must know before starting a moving company. These things will put you on the right track, and you will be able to start a successful moving company. Let’s take a look:
Create a Business Plan
You cannot start a successful moving company without a detailed business plan. You need to determine what your initial investment will be and how you will manage it. You will also have to define your target market and what kind of moving services you will be providing. Another important thing is the price you will be charging your customers, and you should decide this wisely because you don’t want to keep it too high or too low. Once you have your goals defined and have a path that will lead you towards profit, you will better manage your business.
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Obtain Permits and Licenses
You will not do much business if the moving company you are forming isn’t legally a moving company. First, you need to define your business structure and declare whether your company is a sole proprietorship, LLC, partnership, or corporation. After that, you will need to acquire all the necessary licenses necessary for running a moving company. This also includes USDOT certification that allows you to provide moving services interstate. Once you have all of this in order, only then should you look for customers.
When you are starting a new business, it is always wise to start small to mitigate the risks involved in it. When you are starting a moving service, you don’t necessarily have to buy a warehouse or vans straight away. It is highly recommended that you rent a shared or small warehouse, so you don’t have to invest a large sum straight away. You can rent the vans whenever you have a job, and that will also save you plenty of money. However, you should invest in moving and packaging equipment like ropes, boxes, etc., as you will need them all the time.
Get Business and Moving Insurance
The next thing you need to do is get insurance for your business and for the moves you will be doing. For business insurance, you can consult an expert and can get the insurance that best suits your business model. But when it comes to moving insurance, you are legally required to get one. There are plenty of things that can go wrong during a move, and if you end up damaging one of your customer’s items, you will have to pay for it out of pocket. Having moving insurance will make sure that the damage is minimized.
Create Your Brand
You need to define your moving business’s brand if you want to take it to the new heights of success. Branding allows you to define the identity of your business, and once you have done that, you are not just another company out there. Turning your company into a brand that will get people’s appreciation can do wonders for your business. It is recommended that you define your brand right from the beginning and follow its motto at every step.