Owning your very own auto tow truck business might be an extremely lucrative business. Entrepreneurs that run auto Yonkers towing companies typically enjoy stable gains. Automobile tow truck business owners may start their performance with one truck, a company plan, a company license and insurance. There is always a have for vehicles to be recharged. This leads to a stable, almost recession proof business for several business owners. On any day of the week you will find many different vehicles which need to be recharged to get a variety numerous reasons.
Reasons might include the following: Vehicles are repossessed. Vehicles can be abandoned. Vehicles are parked in no parking places. Vehicles are immobilized because of accidents. Vehicles on a regular basis break down due to mechanical problems. Vehicles could illegally parked because of breaking up street cleaning regulations. Vehicles could have been driven by drivers arrested for lots of reasons. Vehicles can be parked with major parking offenses like fire hydrant obstructing, etc. If you start your automobile tow truck company with one truck you aren’t going to get in over your head too soon. With one truck you can handle your prices and ascertain if your really net income matches your projected income according to your business program.
This also gives you a chance to examine weaknesses in your company if any. Additionally, it lets you ascertain your strengths. This self assessment is very important because if you’re aware of your weaknesses and strengths, you could make adjustments where necessary. When beginning an automobile tow service company you will need to set up hours of service. You may need to provide 24 hour service if you’re planning to procure contracts with local and state government agencies. Government agencies as well as many companies request 24 hour towing service capacity as vehicles need to be towed twenty four hours every day.
You can successfully run a 24 hour performance with one truck. Nevertheless, you may need two drivers. This way the hours might be divided into two 12 hour shifts for each. Consequently, each person might be on call for twelve hours every day. You must promote your company so you must have promotional material. This need to include at the very least company cards. You need to call on companies which need towing services. This should include automobile repair businesses along with other companies which need towing services including government agencies. As your company becomes more profitable you need to look for ways to raise your income.
This could be accomplished by hiring more drivers and buying additional vehicles. The safest way to do that is to add a single additional truck and 1 or 2 drivers at a time. This is what many small company owners with limited capital choose to do. Prior to buying another truck you must have determined that the company earnings is sufficient to accommodate the purchase of an additional truck and the additional equipment needed to do the job successfully.