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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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Elise Bauer

Freelance Writer, Lawyer & Blogger

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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