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Helpful Tips for Starting a Towing Business

Helpful Tips for Starting a Towing Business

The Towing Business

The Towing business is an important business and used quite often, especially on highways for removing obstructing cars which get stuck due to different circumstances. While there is a relatively high demand for towing, there are not many people offering towing services. These days, few people opt into this as a business. However, the towing industry is expanding, and towing businesses are flourishing and earning quite a lot of money. According to a report by The Balboa Capital, “as the population increases and consumers purchase more vehicles, this specialized industry will continue to do well.”

Starting Up and Financing

Starting up a towing business is not a very easy endeavor. However, if you do not have enough money to start up, you do not have to worry much because the towing business is a robust and stable market, enough to qualify for “bank financing,” which, according to Forbes, is one of the most important factors for a business to succeed.

A company that can qualify for bank financing is likely a potentially high-profit business. This means that getting bank financing for your towing business could be easy if you have a great working plan. Bank financing is your cheapest medium if you do not have enough capital, so you are not forced to pay higher interest rates to alternate funding sources, which is just like ending the business before it even starts.

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According to James Shoppe, the founder of giant towing Hayward, one of the top towing organizations, “before opting into the towing business you require a tricky but quite simple trade craft and a great deal of business skills.” This means that in addition to raising enough funds to start your towing business, you need to also have a lot of business skills for your towing business to get off to a good start and continue to be successful. If you have checked off these two essential requirements, then here are some important points and information to help you along the way.

Facilities Provided By Towing Companies

Heavy Duty Towing: This towing involves, heavy vehicles; for example trucks, rollers, buses, tractors, etc. Heavy duty towing wreckers are certified persons who are well-trained to handle heavy duty vehicles and the equipment used to handle such heavy vehicles too. They are very well trained so they can perform even in the most challenging situations.

Accidental Cases: This type of towing service involves assisting in accident scenes and situations. They help by towing damaged vehicles at the site of an accident and help free up blocked roads for ease of traffic and avoidance of more accidents. It doesn’t matter if the accident occurred on a highway or a typical roadside, in other to avoid further occurrence and save the lives of other road users, using the road accidental vehicle removal is a very important step to take.

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Healing or Recovery: Sticky situation, when you and your vehicle are stuck because of the damage on your vehicle. Don’t lose your patience, towing services to the rescue.

Clients and Services

Calls for accounts: For most businesses to thrive, maintaining a good relationship with clients or customers is crucial, and the towing business is no exception. Towing companies partner with auto repair and body shop companies. If you run a towing business, discounts are mandatory to keep your business partners happy and linked with you. Getting a  Shop owner to partner with your business is not exactly easy because most shop owners have heard every pitch under the sun from tow companies.  If you get a partner who calls for your services, you should always talk with your brand experts and evaluate your commitment to accomplishing these and that your partner and clients are happy. Be ready to a stand for your customers and clients to build these healthy relationships.

Calls from Private Property: A towing business can get a good lead from a personal or private property call. These kind of calls are mainly to remove stuck or trespassing vehicles from the client’s property.  You should take note that, in private property towing, additional license is usually required. Always consider purchasing a light duty self-loading wrecker for towing in such situations, to make towing easier and safer.

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Calls from Municipal or Police: Police and municipality departments work with towing companies a lot. Calls from these departments usually require the towing service to come directly to the scene. This is one of the higher paying services you could render, but they usually require insurance coverage and very quick response every time. You should always adhere to the proper procedure when working with these major departments and other authorities. Maintaining this relationship gives your towing organization a lot of worth and reputation.

How to get clients or customers for your towing company: 

You can directly approach garages, Municipality clubs, police, etc.

Garages: Garages consider third-party towing so as to get more benefit regarding discounts and quick response. Always go for local garages in your area.

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Government Links: Try to get a government client; for example, approach police or municipality clubs in your area and get a better project or link for your business. This is one of the most important clients to have.

Featured photo credit: pixabay via pixabay.com

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Last Updated on November 26, 2020

How Relationships Building Helps Achieve Career Success

How Relationships Building Helps Achieve Career Success

As playwright Wilson Mizner supposedly said all the way back in the 1930s,

“Be kind to everyone on the way up; you will meet the same people on the way down.”

The adage is the perfect prototype for relationship building in 2020, although we may want to expand Mizner’s definition of “kind” to include being helpful, respectful, grateful, and above all, crediting your colleagues along the way.

5 Ways to Switch on Your Relationship Building Magnetism

Relationship building does not come easily to all. Today’s computer culture makes us more insular and less likely to reach out—not to mention our new work-from-home situation in which we are only able to interact virtually. Still, relationship building remains an important part of career engagement and success, and it gets better with practice.

Here are five ways you can strengthen your relationships:

1. Advocate for Other’s Ideas

Take the initiative to speak up in support of other team members’ good ideas. Doing so lets others know that the team’s success takes precedence over your needs for personal success. Get behind any colleague’s innovative approach or clever solution and offer whatever help you can give to see it through. Teammates will value your vote of confidence and your support.

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2. Show Compassion

If you learn that someone whom you work with has encountered difficult times, reach out. If it’s not someone you know well, a hand-written card expressing your sympathy and hopes for better times ahead could be an initial gesture. If it’s someone with whom you interact regularly, the act could involve offering to take on some of the person’s work to provide a needed reprieve or even bringing in a home-cooked dish as a way to offer comfort. The show of compassion will not go unnoticed, and your relationship building will have found a foothold.

3. Communicate Regularly

Make an effort to share any information with team members that will help them do their jobs more effectively. Keeping people in the loop says a lot about your consideration for what others need to deliver their best results.

Try to discover the preferred mode of communication for each team member. Some people are fine relying on emails; others like to have a phone conversation. And once we can finally return to working together in offices, you may determine that face-to-face updates may be most advantageous for some members.

4. Ask for Feedback

Showing your willingness to reach out for advice and guidance will make a positive impression on your boss. When you make it clear that you welcome and can accept pointers, you display candor and trust in what opinions your superior has to offer. Your proclivity towards considering ways of improving your performance and strengthening any working interactions will signal your strong relationship skills.

If you are in a work environment where you are asked to give feedback, be generous and compassionate. That does not mean being wishy-washy. Try always to give the type of feedback that you wouldn’t mind receiving.

5. Give Credit Where It’s Due

Be the worker who remembers to credit staffers with their contributions. It’s a surprisingly rare talent to credit others, but when you do so, they will remember to credit you, and the collective credit your team will accrue will be well worth the effort.

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How Does Relationship Building Build Careers?

Once you have strengthened and deepened your relationships, here are some of the great benefits:

Work Doesn’t Feel So Much Like Work

According to a Gallup poll, when you have a best friend at work, you are more likely to feel engaged with your job. Work is more fun when you have positive, productive relationships with your colleagues. Instead of spending time and energy overcoming difficult personalities, you can spend time enjoying the camaraderie with colleagues as you work congenially on projects together. When your coworkers are your friends, time goes by quickly and challenges don’t weigh as heavily.

You Can Find Good Help

It’s easier to ask for assistance when you have a good working relationship with a colleague. And with office tasks changing at the speed of technology, chances are that you are going to need some help acclimating—especially now that work has gone remote due to the COVID-19 pandemic.

Much of relationship building rests on your genuine expressions of appreciation toward others. Showing gratitude for another’s help or for their willingness to put in the extra effort will let them know you value them.

Mentors Come Out of the Woodwork

Mentors are proven to advance your professional and career development. A mentor can help you navigate how to approach your work and keep you apprised of industry trends. They have a plethora of experience to draw from that can be invaluable when advising you on achieving career success and advancement.

Mentors flock to those who are skilled at relationship building. So, work on your relationships and keep your eyes peeled for a worthy mentor.

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You Pull Together as a Team

Great teamwork starts with having an “abundance mentality” rather than a scarcity mentality. Too often, workers view all projects through a scarcity mentality lens. This leads to office strife as coworkers compete for their piece of the pie. But in an abundance mentality mode, you focus on the strengths that others bring rather than the possibility that they are potential competitors.

Instead, you can commit relationship building efforts to ensure a positive work environment rather than an adversarial one. When you let others know that you intend to support their efforts and contribute to their success, they will respond in kind. Go, team!

Your Network Expands and So Does Your Paycheck

Expand your relationship building scope beyond your coworkers to include customers, suppliers, and other industry stakeholders. Your extra efforts can lead to extra sales, a more rewarding career, and even speedy professional advancement. And don’t overlook the importance of building warm relationships with assistants, receptionists, or even interns.

Take care to build bridges, not just to your boss and your boss’s boss but with those that work under you as well. You may find that someone who you wouldn’t expect will put in a good word for you with your supervisor.

Building and maintaining good working relationships with everyone you come in contact with can pay off in unforeseen ways. You never know when that underling will turn out to be the company’s “golden child.” Six years from now you may be turning to them for a job. If you have built up a good, trusting work relationship with others along your way, you will more likely be considered for positions that any of these people may be looking to fill.

Your Job Won’t Stress You Out

Study shows that some 83 percent of American workers experience work-related stress.[1] Granted, some of that stress is now likely caused by the new pandemic-triggered workplace adjustments, yet bosses and management, in general, are reportedly the predominant source of stress for more than one-third of workers.

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Having meaningful connections among coworkers is the best way to make work less stressful. Whether it is having others whom to commiserate with, bounce ideas off, or bring out your best performance, friendships strengthen the group’s esprit de corps and lower the stress level of your job.

Your Career Shines Bright

Who would you feel better about approaching to provide a recommendation or ask for promotion: a cold, aloof boss with whom you have only an impersonal relationship or one that knows you as a person and with whom you have built a warm, trusting relationship?

Your career advancement will always excel when you have a mutual bond of friendship and appreciation with those who can recommend you. Consider the plug you could receive from a supervisor who knows you as a friend versus one who remains detached and only notices you in terms of your ability to meet deadlines or attain goals.

When people fully know your skills, strengths, personality, and aspirations, you have promoters who will sing your praises with any opportunity for advancement.

Final Thoughts

At the end of the day, it is “who you know” not “what you know.” When you build relationships, you build a pipeline of colleagues, work partners, team members, current bosses, and former bosses who want to help you—who want to see you succeed.

At its core, every business is a people business. Making a point to take the small but meaningful actions that build the foundation of a good relationship can be instrumental in cultivating better relationships at work.

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Featured photo credit: Adam Winger via unsplash.com

Reference

[1] The American Institute of Stress: 42 Worrying Workplace Stress Statistics

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