If you are an entrepreneur and want to start your own business of towing service so you have first to decide you can afford the assets and liabilities of that business and can utilize them to earn a profit. Before that you have to decide what business can suit you the most and you have the skills to run that business. If you decided to start a towing company you have to decide the target market, cost, legal documentation and many more.
- The first step to set your own towing company:
Firstly you have to decide what market you want to enter in, do you have enough Startup cost, who will be your target customers. Then if you are open a business you have to choose a relatable business name that reflects what business you are starting and can build Goodwill in the market. After deciding the name and the target market you have to get yourself register and get done all legal documentation.
- The second step gets your company working license:
Registration is done to get your company license for the business you are starting as many customers only hire you when you are licensed company. As well as customer first looks for your license to make sure you will handle their vehicle safely and have team of specialist who has good experience of Towing the car [ลากรถ, which is the term in Thai]. The images in the case something that damage while providing the service the insurance company can compensate on behalf of you to your customer for the loss, so do remember to register yourself to a good Insurance Company.
- Invest capital properly on the assets you need:
Lastly you need to invest efficiently on what equipment are essential for towing business. Invest your money in different tow truck [รถยก, which is the term in Thai] which are used for different vehicle