Typically that means going to the bank or other lenders and getting a loan.
To do this, you will need to have all your information in order including all your training, related certificates, and other supporting documents. This is where you will need both good credit rating and a great business plan!
You are going to be the middleman, so that means that you are the thin line between the carrier and the shipper. That also means that you will often have to pay the trucking company before you can receive your service fee from the carrier.
In that case, same like the trucking companies are using freight factoring, you can use a freight broker factoring to manage cash flow.
12. Market not just your freight brokerage business but yourself as well
This is often something people overlook. That is why I mentioned the business and marketing plan earlier. The plan is how you will get the word out and let the world know you’re here to handle their freight brokerage needs. But marketing is more than that!
