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Here are 10 things to obtain before to starting your tow truck business.The first thing you’ll want to put together when starting a tow truck business is a business plan.If you are considering a start-up towing company, writing a good business plan should be your first step.
The tow truck industry currently consists of almost 45,000 tow truck companies and brings in more than $7 billion every year.
There are also almost 100,000 tow truck company employees in total scattered across the country.
Are you going to work with the local police or generate most of your business from private property owners?
By putting together a business plan, you can get your tow truck business off on the right foot and ensure that your goals as a company are clear.
Her work has appeared on Blue Cross Blue Shield websites and newsletters, the Houston Chronicle and The Nest.
Richards holds a Bachelor of Arts in communications from the University of Maryland.
A business plan is an essential tool when applying for outside funding such as small business loans and grants.
Obtain sample business plans from your local Small Business Administration or download free or low cost software containing business plans.
Startup Costs: ,000 - ,000 Home Based: Can be operated from home. Some operators of towing companies forego the license entirely and don't provide towing services to the general public; instead they only subcontract their services on an exclusive basis to car dealers and property managers.
No In many areas of North America, obtaining a license to start or operate an automotive towing business can be a frustrating task since auto-towing licenses are heavily regulated.