If you are planning to start a business in the logistics industry, and you want this business to be a successful one, you need to do some important things. In owning your logistics business, it will enable you to work with different brands and companies from a wide variety of industries. A logistics business does the storing and delivering of different products of other businesses.
There are different types of logistics businesses. You can venture into shipping, trucking or conducting transportation services. This kind of business requires a set of discipline. A logistics business owner should be patient, persistent and have careful planning and organizational skills. In your business, one of the main responsibilities are coordinating with your warehouse, shipping and receiving, inventory, and most importantly, security of the products.
The first thing that you need to consider is funding and investment. The total amount that you need for your business depends on the amount of the products of your clients. A simple brokering and freight management will only require you a small amount of money and don’t worry as it will already establish a proper footing in starting your logistics freight in Philippines.
You also need to determine the specific types of products that you wish to focus on in your business and prepare a comprehensive plan and requirements for applying business permits. In building your business, you need to have a sufficient knowledge of what kinds of licenses and permits you will be needing. Some examples are tax identification number or TIN, barangay clearance, Department of Trade and Industry or DTI clearance, Mayor’s Permit or Business Permit, and the SEC registration certificate.
And to know more about how you can lead your business to success, check out and read this infographic from Excelsior Philippines.