Entrepreneurs in freight can find more success with help from an experienced mentor prior to starting a small trucking company
July 22, 2022 – There is an 80% failure rate amongst small trucking company owners. Many people try starting freight companies with limited information and end up losing thousands, sometimes even hundreds of thousands of dollars. Innovative Logistics Group is here to help new freight company owners launch business successfully and sustainably with the right knowledge and tools getting started.
The typical startup capital required for a small trucking company is around $55,000 in cash or credit. This generally covers vehicle, insurance, permits and other start-up costs. Innovative Logistics Group is a company specializing in top-tier mentorship, resource sharing and compliance to small and mid-size trucking companies. For those new to logistics and supply chain, it’s vital to know the basics of investment capital and how to build a scalable business model. Thanks to Innovative Logistics Group, young and new entrepreneurs are making smarter business decisions sooner in the game.
“Practice makes better, but process makes perfect,” said Adam Wingfield, founder and CEO of Innovative Logistics Group. At the age of 23, Wingfield bought a semi truck and moved into executive mentorship before age 30. It’s been over 20 years since Wingfield entered the trucking business; this is just one of many reasons for a new entrepreneur to reach out.
For an entrepreneur going into business the first time, finding a mentor is often necessary for setting foot in the right direction. Innovative Logistics Group helps its clients save money and avoid the headache of correcting mistakes made from inexperience. Before launching a new freight [or trucking] company, start in the right place with a mentor for clear direction.
At the very least, break even on trucking costs and cement new operational strategies for bigger and better business. With the help of an experienced and easy-to-reach mentor, new trucking company owners are finding new success and direction at work. Instead of falling into the majority, entrepreneurs are beating the odds and building more business with mentorship services from Innovative Logistics Group.
About Innovative Logistics Group
Trucking business, trucking services, logistics consulting and more are available through Innovative Logistics Group. Get a better return on investment, profit more and improve internal communication company-wide. Start a new trucking company on the right foot and contact for a service quote today.