You need the proper planning to set up the courier business easily without facing any problems or else it will be a slow and frustrating process to you. The basic steps are mentioned for you to make your courier company establishment quickly without any pain.
If you are starting your new business in the urban cities or small towns, then there exists many top courier companies already. For example, if you have decided to start your courier business in Canada to find the existing players in the country, type courier services Canada in the Google search box and you will find all the courier companies from small ones to big giants. You must establish your business using various strategies in the initial stage. For example, ask the lawyers to use your courier service for the same day delivery.
You should concentrate on your targeted customers and attract them towards your business. In fact, this is the aim of your business in the initial days. It is wise not to spend too much on unwanted expenses in the initial days. Till your business picks up and starts generating a decent income, you keep your office at home. This will reduce the money on income, utility bills, and overhead cost.
You must also decide on the legal structure of your business like sole proprietorship or corporation till you get the license from your state government.
Once you got a niche for your business, you must concentrate on finding customers. You can meet various types of small business persons in your area and ask them to use your courier services at reasonable prices. It should not be the motive of selling you business but in the attitude of helping them.
Once you have a few customers for you who are satisfied with your services, the next step focuses on asking references from the existing customers. You are in a growing stage and there are chances to get some good customers through references. You should retain them by providing various monthly discounts and free delivery service for certain destinations, etc.
Your customers like you if you are offering exceptional services to them like delivering the parcel in ninety minutes rather than the agreed two hours time.
You must also ensure whether you are billing for all your overall expenses from the customers because you are new to courier business and you don’t have much idea about all your expenses. For example, in the year end, you need to pay the business permit renewal fee that is a huge amount, and you need to pay at the end of every year.
You must also consider the cost of bookkeeping fees, vehicle maintenance fees, social security fees, etc. You should ensure that you are charging the customers for meeting all your business expenses. You can review this after some months.
There are various software programs available in the market that can be downloaded on your mobile device to track whether the deliveries are made to your customers or not. There is also accounting software available to maintain all bookkeeping of your cash in and out. You don’t need to do the calculations on your own or using the calculator the software will do all the calculations for you. It also reminds you the date for filing your income tax, the deductions, etc. When starting the new courier company, you should follow the above steps to success in your business.