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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 August 20, 2018

What Highly Successful People Do Every Day To Perform At Their Best

What Highly Successful People Do Every Day To Perform At Their Best

What separates highly successful people from the “average crowd?” This is a topic that is widely discussed.

If you want to be successful, you have to watch carefully what other successful people do and imitate them. While every successful person has his or her own unique approach, there are a couple thoughts and actions they have in common.

Here are 7 habits many successful people have!

1. They make a difference

If you have an idea, that idea has to change peoples life’s. As long as you’re not helping other people, it’s useless. Don’t start with an activity or business primarily to make money, it won’t work. When you create fans by offering your expertise, they are willing to pay for it. The problem with today’s entrepreneurial mindset is that’s all about “quick” money and not necessarily about making a difference.

“Strive not to be a success, but rather to be of value.” — Albert Einstein

2. They focus on productivity instead of on being busy

Do you know those people who always say they can’t meet up with you or help with a certain thing because they’re always busy? I do, and to be honest I was one of them.

When I look back, I don’t actually know with what I was being busy. I thought I was being busy, but now I realize I could have done many things in a much more productive way.

Is 8 hours of work actually 8 hours when you’re checking your Facebook, Twitter, or Instagram updates every 30 minutes? It’s necessary to take a rest once a while, but don’t get lost in hundreds of status updates that make you forget about your priorities.

Looking for some tips? Check out this infographic: How to be productive by doing more and working less

3. They keep setting S.M.A.R.T. goals

You can never reach the success you want if you’re not setting goals. The trick is to set up a couple small, achievable goals and a couple of bigger ones. If you only set up huge, unachievable goals, you’ll get unmotivated and fall back into your old mindset. The small goals keep you motivated and give you the feeling you’re being productive once you achieve them.

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Try setting S.M.A.R.T. goals, which is an acronym for Specific, Measurable, Attainable, Relevant, and Timely. These goals are concrete and well-defined measures of your progress.

A while ago, I asked a friend of mine what his goal was this year. He told me he wanted a sports car. I told him he will have much trouble reaching that goal because it isn’t specific. He needs to know the brand, the model, the color, what kind of rims etc. Only then he can define how long it’s going to take and what he needs to do in order to buy that car.

4. They take action

There is a big difference between talking or actually taking action. I’m pretty sure you have people around you who’ve said, “This year, I’m going to lose weight, become fit, and look like I’ve never looked before!” Or, “I’ve got such a good idea, I’m planning to start a new business, but first I’m going to do some research,” which probably results in never taking any action.

Many of those people do take action, but the majority do not. It could be many things that keep them from taking action, like fear, no money, or no motivation. The trick is to make a plan and take action right from the start—choose to put in the effort to overcome those obstacles.

5. They exercise and eat right

The better you treat your body, the better you will feel, which results in better results. Successful people take time to prepare healthy meals and work out for at least 30 minutes a day.

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Not having time to work out or prepare a healthy meal is nonsense. If you have time to watch TV or check your social media profile, you also have time to care about your body.

You don’t necessarily need to lose weight or gain muscle, but try to stay in shape and watch your junk food intake.

6. They always step out of their comfort-zone

Successful people are willing to do everything they have to succeed. If they fail, they try it again and learn from it. The vast majority of people think differently and want to stay in their comfort zone.

You can’t expect magic is going to happen when you always do the same things over and over again. You need to step up and start doing new things. The fear of failure is usually the reason that keeps people from acting.

Think about something you’ve done in the past. Something that was so scary that it made you sweat, feel nauseous, or become overly nervous. That could be giving a speech in front of a big crowd or asking someone on a date. In the end, it wasn’t as scary and difficult as you thought, right? And you’ve learned from it.

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Approach everything in your life this way. If you really want to become successful, you need to step out of your comfort zone.

“Move out of your comfort zone. You can only grow if you are willing to feel awkward and uncomfortable when you try something new.” — Brian Tracy

7. They lead

Successful people are also incredibly good leaders. How can you stand out of the crowd if you follow the herd like anyone else does? The main thing successful people do differently is that they think and act differently from the rest. But they do it in a way that creates fans who follow and support them.

You don’t have to be a born leader, but you can learn to be one. An example of a great leader and entrepreneur is Elon Musk. He is the founder of SpaceX and co-founder of Zip2, PayPal, and Tesla Motors. By following his example, you just might find the great leader inside you.

Have these tips helped you? Share them!

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Featured photo credit: Steve Jurvetson via flickr.com

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