Sonic321:
Hi guys, starting up new, in process of O license and looking for advice on contracts and costs. So, i have worked out that on a 3 month basis (12 weeks), i can hire/lease a truck at 580 a week so £6960 total, insurance costs around £1000, fuel around £8400 (about 700 a week), TM costs £1050, yard parking avg £600, and with work that will be giving me about £3k a week, i should be in profit of around £18k profit. Ok add blue costs also need to be deducted from that. Ao lets say around 17k profit remaining.Isn’t that all well? I mean people have so many opinions about earning. If i can secure a contract paying atleast 3k a week and i use around 700 to 900 £ of fuel per week. I’d be doing well correct? Any advice on securing such contracts paying £3k+ a week much appreciated and any reasonable and fair advice for an amateur like myself. Thanks (around Greater Manchester region)
Like any business, there’s a myriad of small costs that soon mount up!
Oil
Coolant
Screen Wash
Truck Wash
Wiper blades
Bulbs
PMI’s (included in rental?)
Rolling brake tests (included in rental?)
MOT prep (included in rental?)
Business Accountant fees
Payroll fees
Mobile phone
Accounts software
website?
Microsoft Word, Excel software package
Adobe software package
McAfee (or similar) security software
GDPR fees (customer data protection)
Ltd company (filing fees)
Ratchet Straps
Chocks
Nets
Tacho calibration (included in rental?)
Uniform / work clothes
Business bank account fees
Factoring?
Tyre wear (included in rental?)
Accreditation and professional bodies (RHA, Logistics UK, etc etc)
Daily check sheets / software
VOR sheets / software
Tacho rolls
Truck maintenance planners / software
Stationery (don’t under estimate how much paper, pens, stamps, envelopes, ink cartridges, staples, paper clips, elastic bands you’ll go through!)
That’s not an exhaustive list.
Just finished my accounts for a side business I have and you’d be surprised how all those little things mount up. It’s death by a thousand cuts if you don’t factor it in.