Budget and Financial Panning

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School

University of Phoenix *

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Course

375

Subject

Finance

Date

Jun 4, 2024

Type

docx

Pages

4

Uploaded by PrivateDog4118

1 Budget and Financial Planning Takara Wilson University of Phoenix FIN/375 Sean Colletto 4/23/2024
2 Budget and Financial Planning I am planning on starting transportation / trucking business and the products to start my buisness is twenty thousand dollars for fuel and rental of office space unless I start out using my home space, vendors freight to carry, and drivers for my two trucks. The raw materials that I will need is to include my office supplies, the fuel, printer, desk, chair, computer, paper, pens, charting board, log planning books, software of the truckers and ways to track the trucks alone with miles traveled for fuel cost. Since we are not on the selling buisness to be selling anything, we will bid on our loads and gain our vendors through networking and our reputation. Starting off we will create a budget to bring in revenue by managing the mileage to deliver the freight and wether or not we will have empty miles coming out of that area. Empty miles are the miles we do not get paid for but the miles we will have to pay our driver for driving those miles. They are considered lost miles. We will also have to take into consideration the fuel to and from the area into our budget. By doing so we will know if it is worth taking or leaving that vendor alone. We will be geared to provide our customers with the best possible service they can ever be offered. We will stand behind our service and hold ourselves to the highest standard to gain their trust and want us and only us to provide them with our services. We will start by getting our customers locally and branch out from there. We also want to give our employees a grantee pay so that we do not have a high turn over rate and mess it up for us when it comes down to growing and employment opportunities or reputation.
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