You need to do some important things if you are planning to start a company in the logistics industry and you want this company to be a profitable one. It will allow you to work with numerous brands and companies from a wide range of industries by owning your logistics company. A distribution firm stores and ships various goods from other firms.
Different kinds of logistics firms exist. You may venture into shipping, trucking or carrying out transport services. A collection of disciplines are required for this type of business. The owner of a logistics company should be diligent, persistent and have careful skills in planning and organization. Coordination with your warehouse, shipping and receiving, inventory, and most importantly, protection of the goods are one of the key responsibilities in your company.
Funding and investment are the first thing that you need to remember. The total amount you need for your company depends on the number of your clients’ goods. You will only need a small amount of money for a basic brokering and freight management and don’t worry, as it will already provide a proper basis for starting your logistics business.
You will need to decide the particular types of items that you want to concentrate on in your company and prepare a detailed business permit application plan and specifications. You need to have ample knowledge of what kinds of licenses and permits you will need when building your company. Tax identification number or TIN, barangay clearance, Department of Trade and Industry or DTI clearance, Mayor’s Permit or Business Permit, and SEC certification of registration are some examples.
And check out and read this infographic from Excelsior Philippines to know more about how you can lead your company to success.