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1(800)339-6590 direct
email: erc@road-help.org
@jaime, anything you do as a woman business owner would be supported greatly by the local economy, go to the local sba chapter and meet with the local chamber of commerce as well - this would all be for networking & funding resources. you may meet another local towing company rep/owner and speak with them about other resources. without knowing what experience you bring to the table, you may want to seek a p/t with a local shop and see what accounts they are running for as well... but do not claim you are going to open your own shop or you may not be welcomed.
again, mississippi needs more woman owned businesses and supports them to the max. get a business plan together and launch! tip of the day - make sure your personal credit is in good shape for the first truck. you will only invest your money once, so dont get yourself in a older truck, its a huge expense at the end.
1(800)339-6590 direct
email: erc@road-help.org
1(800)339-6590 direct
email: erc@road-help.org
@chris, there are start up programs and accounts to purchase, please send me a note for more info
1(800)339-6590 direct
email: erc@road-help.org
1(800)339-6590 direct
email: erc@road-help.org
As far as getting the car to the rightful registered owner. Standard procedure is once you are legally permitted to provide this service, then your data should be available for the vehicle owner to go to your location and claim the vehicle. The fees are pre-set on a tariff card when you submit your application to obtain the non consent permit.
Tip of the day: make sure you do your homework before you hit the road and this includes plenty of training on tow truck maintenance & towing tricks of the trade...
1(800)339-6590 direct
email: erc@road-help.org
@@Leonor Enriquez, Denver Colorado is not just beautiful but its a stable community with lots of demand.? The market is great not only for towing but for roadside services.? Jump Starts are plentiful in your area... and your area is tremendous.? From the south end to north, west to east.. there is a lot of coverage area.
If you have enough capital to invest it would be a great idea to invest in a medium duty truck due to the snowy winters you would have the capability to surpass others due to the size and weight of your vehicle, this means you would be able to keep moving while even other tow trucks are stuck.? Winching is a great service to provide*** and insurance companies are looking to keep their clients well assisted. Without knowing your position I would not be able to provide any specific details.? My data is available if you would like to contact me.
Tip of the day:? Start off with low expenses.? Gradually get your tow truck once you start providing roadside services.? In some areas, there is enough work in light medium and heavy roadside services.? Also, keep your own service vehicle inside during the winters and keep your battery on a good charge.? Safety first so a AWD or 4x4 is essential.? Remember we must be ready to serve our clients efficiently.
1(800)339-6590 direct
email: erc@road-help.org
Tip of the day: You can only invest your funds once, then the funds are gone. So invest wisely. Leave the wants for later and the needs for now.
Lots of business in Portland Oregon. Due to the weather and the locals this area is always active. Take care of those accidents at premium rates and you can do just fine. Make sure you obtain a real wrecker when you launch. For more advice... LT
1(800)339-6590 direct
email: erc@road-help.org
@chris deschamps, Being located in a "NICHE" area is key for those who wish to do business outside major metro areas. This will keep you in demand for your geographically. What this means is that those around you will most likely always stick with your company for any needs within our market. The key ingredient here is to obtain a lot, properly zoned and licensed/insured. This seems like a very fun project but it must be met with a master plan or you may not see a return in a while... or never if you flunk before then.
Tip of the day: Get all your ducks in a row before you start investing. This means you must have all future expected/variable expenses down on a spreadsheet for you as you go along.
Organization is everything from the get go because once the venture gets going its hard to manage unless its well organized. For more, I'm happy to consult.
1(800)339-6590 direct
email: erc@road-help.org
@William, I would consider running these calls by setting up a private business first, then open to the general public. This means, first, while running calls privately under contract you can start seeing some of the roi faster. You would still want to set up an LLC or Corp and secure the appropriate business insurance for your start up. This insurance may be obtained by contacting a local broker that specializes in our industry. The organizing of the business entity and securing the insurance is a good place to start. While this is in process start putting your service truck in place. This means branding the business and adapting a personalized logo, beginning a website, 800#, tools, etc.
Tip of the day: Do not rush anything. If you rush you will fall behind anyways so I have found out that even moving slowly is moving forward. I believe this is called being patient. For more, at your service.
1(800)339-6590 direct
email: erc@road-help.org
@Kendra Lewis, The towing industry is one of the most rugged industries within the Transportation markets. We drive around all day dealing with angry clients frustrated due to vehicle issues. We spend most time out in the field and we invest more energy in our business than our own family at times. We deal with damage claims, trucks going down, drivers not responding, etc. Make sure before you consider this industry as your future that you sit down with your father and create a plan for a fun business environment and eliminate some of these issues i mentioned above by holding on to good energy within your work place.
A good idea of this is come when you brand the business and the trucks. Website & logo should be UNIQUE not just another " Bobbys Towing ." If you have never been around this field, its necessary to get involved before actually getting into this industry. Hire a consultant, this is a great way! On a more personal note: My daughter is only 4 and knows more about this field than most! LOL =)
1(800)339-6590 direct
email: erc@road-help.org
TIP OF THE DAY - Even if you are considered as a small business or start up, you should still take the time to brand the business properly as you prepare to do business with the world. Now days most folks are online users so make certain your site or page is clean and professionally finished.
1(800)339-6590 direct
email: erc@road-help.org
@Richard Feldman, Great idea to get your son involved early in the game. This way he knows exactly what its going to take to get started & keep her going. There are a couple of factors that may become helpful as you "prepare"
1. The insurance on the rig and business is not cheap in our industry due to the risk level. Now it becomes more risky with a 25 yr. old but there are ways to take care of this such as: placing him as a secondary driver and yourself as the primary. Mention military experience to the insurance agent as this may provide a discount on the policy. Another tactic may be to either start out providing roadside services first or to have a roadside vehicle on the policy and list your son as the exclusive driver of the roadside vehicle. These are just examples of what may work in general terms,
2. Aside from all the military experience which by the way will come in very useful as far as dedication and making sure you train to trust your equipment and working hard while loving it. But you will also need hands on training before you hit the road alone, May be even some ride alongs.
For more assistance my contact info is below, thanks for writing & reading,
1(800)339-6590 direct
email: erc@road-help.org
The location you set up - if you intend to have one - will need a General Liabilty policy to cover injury to anyone on premises as well as Fire coverage if you own the bldg. If you employ drivers who are W2 employees, you will need workman's compensation insurance as well. Some tow companies in California make their drivers 1099 contractors to avoid this coverage, but you should consult a professional to understand the implications.
For your vehicle you carry two coverages:
Liability (like on your personal auto- be aware of any state minimums when selecting coverages)
On the hook/Cargo - This coverage protects the vehicles while you are towing them.
For your physical location you will need:
Business owner policy- Includes your fire coverage and general liability.
Garagekeepers liability- This is the option within the Business owner policy to protect vehicles while in your custody.
If you are just getting started and are the only driver and are using your home as your base of operations than the BOP (Business owner policy) isn't necessary - but you will never get city or law enforcement contracts without a place to store the vehicles you pick up. As far as getting in the rotation of for insurance carriers, you need to contact them directly to understand their application process and requirements.
Hope this helps, for questions in CA send inquiries to cdavies@farmersagent.com
*Disclosure* I am a Farmers Agent in California and my posts reflect only my own opinions and ideas and not those of Farmers Insurance Group or its companies.
Craig Davies
cdavies@farmersagent.com
Depending on how you run the business, private or open to the public. A garage keepers policy is standard at a csl of $1million along with on hook coverage. Now days there are several carriers to choose from however do your homework and learn the difference between class A and B and C carriers. Make sure you learn what exactly is not covered in the policy and exactly what is covered. If you plan to place drivers listed on each truck make sure they are pre-screened for driving history or this can boost your premium, again, do your homework.
As far as a business relationship with companies as a vendor, there are a couple of choices you may have as an example: You may apply with each company and seek to be on their service provider list as a towing company or roadside service company or both. Before you apply think about reducing your risk of doing business by setting up a legal business structure such as a corporation or LLC. You may choose a sole proprietorship however this is something to speak to an attorney about before you make a final decision. Along the way you need to write many notes so keep those notes handy you will need them. All business have certain takes to remain in business. These fixed expenses can come monthly, yearly so plan for them in advance. Examples are your own insurance premium, gas/fuel expenses, tires, oil changes.
Tip of the day - Maintenance, sometimes taking care of your own maintenance is key to keeping those mechanic labors fees down. However on the other hand, keeping track of an outside party with receipts is also key. Thanks for reading... My contact info is below.
1(800)339-6590 direct
email: erc@road-help.org
1. A car fanatic with his/her own priceless jems to transport to car shows, etc.
2. A taxi cab company for towing there own fleet.
Either own would want to insure the unit to cover their own cars or in case of an accident, fire, theft, collision, medical on drivers, uninsured motorist, etc. I know of a few carriers that may provide you a insurance policy would be Progressive Insurance but there are many others to choose from as well. A great way to make some side income is to work as a private towing service provider. For more my contact info is below... Thanks for writing Danny, take care out there in Florida. LT
1(800)339-6590 direct
email: erc@road-help.org
First, you want to consider organizing a legal structure for the business such as a corp or llc.
Second & Third, you want to insure the business and fleet if you have a truck yet. and, obtain a lot and fleet if you do not have secure one.
Fourth, seek business licenses, including county & cpcn#'s from DOT.
Fifth, brand the business including online marketing is key now days.
Sixth, train the driver on the latest tools and service procedures. 7th, go to work.
8th, take accountability of everything (obtain a very good accountant)
9th, learn as you go.. we all make mistakes.
This is a general guideline which is most likely missing a ton of data however you get the picture. Have fun, for more specific info my contact info is below.
1(800)339-6590 direct
email: erc@road-help.org
1(800)339-6590 direct
email: erc@road-help.org
Thanks for writing.
Tip of the day - Wear long sleeve year around in Arizona to reduce the chance of skin cancer... plus it looks more professional. Button up, collar and long sleeve with a neon yellow work vest goes a long way.
1(800)339-6590 direct
email: erc@road-help.org
My contact data is below, FYI - I am currently in Las Vegas.
1(800)339-6590 direct
email: erc@road-help.org
@Phil, I understand the position you are in, I was a 19kilo & trained out in your neck of the woods. Being self employed means you have no more limits -
You take your business as far as you can. Its true freedom, but this also means you must rely on yourself to make the right choices for the future of the business. This simply means being organized. A solid computer with good programs for profit and loss tracking. Everyday you enter your revenue and minus whatever was spent that day. As long as you do this, you would have a great ledger on your hands in case you need to present it for a loan, etc.
Either way, if you have been doing research since 2006! Its best you get in or get out. Do not fantasize about this any longer. I encourage you to get in slowly and grow as your capacity permits. Start providing roadside services first and get out there in the field, meet your clients and their vehicle needs. Once you start its hard to stop so be careful. When you need to go "on - orders" do not shut the business down but instead employ another soldier/friend you can depend on taking care of business for you. Sooner than later you will find yourself developing clients of your own / return & referrals. Think about it and my contact info is below for more help, thanks for you service to our country. Hoorah!
LT
1(800)339-6590 direct
email: erc@road-help.org
1(800)339-6590 direct
email: erc@road-help.org
It is my experience to know first hand that being ready is the difference between you and your competitor. I understand that having the right equipment is so essential it can make or brake your companies goals in a heartbeat. If you are entering this field for the first time or not, be responsible enough to be insured and licensed and to lower the risk of doing business.. set yourself apart from the company by establish a legal entity within your State. It is not a hard task and DOES NOT COST MUCH in most States. Be SAFE not SORRY, you can make errors or mistakes or an accident can occur, BE INSURED. Thanks for reading, Dont forget to stay on top of your pnl sheet.
1(800)339-6590 direct
email: erc@road-help.org
Now as far as setting up the business, it is wise to separate yourself from direct risk by setting up the corporation & attaching a ein, plus insuring the new entity and trucks in one umbrella commercial policy. Brand the business well by creating a unique logo to the business & do not forget to present a nice website even if its a splash page. Online marketing is the "NOW" of the future so use it to its max.
As far as getting the truck on the road, start by placing yourself as a private service provider to the motor club world. Focus on these contracts while you open up to the general public. Depending on your municipality, the local governing office will advise you on what permits & licenses & appropriate zoning for your facility (tow yard). Dedicate yourself to organization and you will do just fine. My data is below if you want to chat, thanks for writing.
1(800)339-6590 direct
email: erc@road-help.org
AAA doesn't pay very much, but enough to get you started, and if you do good work, they will eventually ask you to cover a town or area as a primary where you would be the first person they call when AAA members call for service in that area. once you get busy your going to find your self not being able to handle all the work AAA is trying to give you, so your going to have to buy a 2nd tow truck and hire some one to help you. once your at this stage the sky is the limit to how successful your going to be, most people who start out , start out doing AAA jobs, and get capitol from it to grow and expand and eventually become a primary. how ever if you can get on rotation with your local police dept you will make 3 times the money per call then you get from AAA, think about it, it's like this, when the police tows a vehicle sit's because they got arrested or have a expired reg, or accident or what ever, your business gets roughly around $110.00 to 150.00 per call and they add up huge.
how ever they are guide lines with police towing, for instance any one who gets on rotation with the police to tow for them, has to have a fenced in lot big enough to fit at least 6 to 15 cars at a time. this means you need to rent or own land. also you need to be available when the police does call, you need to be able to response with in 5 to 15 minutes from the time they request a tow. if you fail too many times they will get sick of you and take you off the rotation.
I would say Doing AAA calls would be your best bet.
I been doing this job for 16 years, and I know all the in's and out's of this.
it's not easy. and the overhead cost is very high.
between insurance truck repairs, fuel, and paying a driver. not to mention tuck payments if you can't afford to purchase this truck in full.
believe me the cost is high. I believe it's close to 10,000.00 per year keep a flat bed truck on insurance.
then if you hire drivers keep in mind you need other insurance, like workmens comp an dother insurance.
this business is very hard and requires you to have no life to stay in business, even if you hire 1 or more drivers , your going to face the same problems other towing business owners face, employees not sowing up for work, braking major rules, damaging cars. accidents. trust me when I say this. if you get a contract to be a primary for AAA lets say, they are going to call on you for a lot of work and you need to cover the calls they are going to give you. if you find yourself with employees not showing up for work on time or calling out sick 2 or 3 days out of the week, your going to get frustrated and find yourself not proving reliable to for AAA to give you a contract and use to on a regular basis.
not to mention AAA pays about 1/2 the money per call then a customer pays for service. for instance most towing companies around here charge $65.00 to show up and load a car on there truck and $5.00 per mile, AAA pays around $23.00 per call to show up and about $2.50 per mile. or , if a customer locks there keys in the car a tow company will charge around $50.00 to $75.00 to show up and unlock there car, AAA pays a contractor just $23.50 for the call, then the company has to pay the driver $35% commission per call, that is how most tow companies pays drivers. keep in mind how ever if AAA uses to as a primary you get steady work each day all day, so your always making money. how ever a average police call that a towing company does gets around $150.00 to $200.00 per call. ever get your car towed by the police? how much did it cost you to get it back? see what I mean..
like I said the towing business is the type of business that takes a lot of your time and you find your self with no life, and living for the business, that is how it is. most owners of a tow company use drivers but when drivers don't show up , who is going to do the calls? you are, because you still need to pick up the calls or your going to lose your business because people are going to flag you as not reliable and just take there business elsewhere.
Expert
In the Art of life - POV is everything. Talk to someone who is more of a creative mind. They will introduce you to what we in the world call - positiveness. The markets have changed and the ones that do not keep up get left behind. Are you on of those? We need to first encourage one another, then share the good news not the bs
1(800)339-6590 direct
email: erc@road-help.org
1) Get a license !
2) Collect start up capital and buy a used tow truck or rent one for 6 months only !
3) Start your marketing campaign and begin to attract customers into your business.
One of the biggest challenges in the towing business, is the attraction of customers and standing out of the crowd of many providers.
Towing clients are usually a one time point of contact and towing businesses are not used to embrace their customers, unless they also have a garage for service, tire changes and broken glass fixes.
The short time of customer time spent on each and the quick fix, does make it difficult to sustain a long term relationship.
My company has specialized in building online lead machines for emergency towing services in US and Canada - and we can provide a steady stream of clients each day - coming to your phone.
Alone in the state of New York, 1000's of people are looking for towing services each month - so there is a huge demand for towing services. Good luck, All the best, Lars Schak