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Step 1
Get your Employee Identification Number (EIN). Visit the Internal Revenue Service website and apply for your EIN (see Resources). You can also apply for your EIN over the telephone by calling the Business & Specialty Tax Line at 800-829-4933 or by faxing your form to your state IRS office. Refer to the link titled "Apply for an EIN" in Resources. Click "Apply by Fax" and locate your state's fax-in number and submit your completed form.
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Step 2
Complete state filings. Visit your state's department of revenue website. Register to collect sales-and-use tax. Many states allow you to complete forms and file your taxes online.
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Step 3
Build a detailed business plan. Include line-item budget expenses such as employee salaries, insurance, office supplies, telephone, computer and truck costs. Include an in-depth description of your business in the plan.
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Step 4
Contact a local insurance agent. Inquire about liability and property insurance. Ensure that you have adequate insurance for your dump truck business including fire, flood and theft coverage. Before you hire employees, speak with your insurance agent about worker's compensation, unemployment, health and disability insurance.
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Step 5
Build inventory. Contact companies such as Truck Paper and 5000 Trucks. Search their database of available discount trucks for sale. Attend truck auctions listed in Truck Paper and the classified ads section of your local newspaper. Shop for the best deals by cost and truck type. Apply for a bank loan to pay for trucks you don't have the capital to purchase outright.
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Step 6
Hire licensed drivers. Create a business profile at job boards such as Elite Truck Driving Jobs, Diesel Boss, Blue Collar Crossing, Career Builder and Monster. Post job openings for licensed dump truck drivers. Make sure that drivers you hire have necessary licenses and experience to perform the jobs you have been hired for.
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Step 7
Set up your office. Identify a location for your office. Handle telephone calls, business meetings and set up official record keeping systems at this location. List your business name and telephone number in your local Yellow Pages. Set hours of operation for your business that allow customers to contact you throughout the day.
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Step 8
Establish business relationships. Connect with government agencies such as your local department of transportation and waste management office and contract your drivers out for hire on assignment. Register with agencies such as BidNet (see Resources). Review available job openings. Bid on government dump truck jobs for a negotiated fee.
Post ads in your local newspaper alerting residents of your services. Research competitor fees, job completion turnaround times and services offered. Set competitive rates. -
Step 9
Market and promote. Hire an experience designer to build your company website. Include pictures of the types of dump trucks in your inventory. List the types of services that your business provides. List your office contact information including your street, city, state, ZIP code, email address, telephone and fax numbers.
Attend industry events such as the Great American Truck Show, Expedite Expo and the American Trucking Association's Management Conference and Exhibition (see Resources). Network with peers and distribute your business cards, brochures and other contact information.
Comments
howtostartadump said
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