4. Business Growth Plan
Included with: All R.I.G. membership levels
Service type: Quarterly
A GPS for your business.
In today’s competitive trucking industry, a well-structured business growth plan isn’t just an option; it’s a necessity. A tailored business growth plans offers more than just a roadmap; it’s a set of actionable strategies aimed at sustainable growth and profitability.
Leveraging years of industry expertise, we help you identify untapped opportunities, mitigate risks, and align your operations with your long-term objectives. With our guidance, you’ll be equipped to navigate market changes, scale efficiently, and carve out a competitive edge that propels your business to new heights..
How Business Growth Plan Works on the RIG
Initial Consultation
Business Review. A straightforward look at where your trucking business currently stands. We will start off by conducting a thorough assessment of your current business operations. This is done together; first with a series of questions for you to answer, and followed by your BLF consultant taking the time to absorb what you wrote. During this session, we assess your current business status, identify growth obstacles, and discuss your vision for the future. This foundational meeting helps us tailor a growth plan that perfectly aligns with your company’s unique needs and objectives.
Market Analysis
Understanding the market is crucial for any growth strategy. We conduct a comprehensive market analysis focused on the trucking industry to identify potential opportunities and threats. This includes analyzing competitors, customer preferences, and emerging trends that could impact your business. Armed with this knowledge, you’ll be better positioned to make informed decisions
Strategy Formulation
Based on the initial consultation and market analysis, we craft a comprehensive strategy tailored for your trucking business. This strategy will outline the steps needed to achieve your set goals, from optimizing operations to exploring new revenue streams. Every element of the strategy is designed to provide you with a clear path toward business expansion and profitability.
Setting a Goal
Setting clear, achievable goals is critical for any successful business growth plan. Whether you aim to expand your fleet, increase your customer base, or enter new markets, defining specific goals will serve as a roadmap for our joint efforts. Having concrete objectives enables us to create a more targeted and effective growth strategy.
The goal(s) set forth in a growth plan may first start off with smaller, more easily reachable targets, which can then build to larger goals that relate to long term profitability and growth.
Action Plan
Once the strategy is in place, the next step is to convert it into an actionable plan. This involves breaking down the larger objectives into smaller, manageable tasks, each with its own timeline and responsible parties. This action plan serves as your operational guide, ensuring that the growth strategy is effectively executed.
Review, Adapt, and Improve
The business landscape, especially in the trucking industry, is always evolving. What hurts a lot of smaller trucking companies is not being able to adapt. And the last 4 years have seen some truly unpredictable events- first the COVID pandemic, and then the war in Ukraine. Because so much of trucking is at the mercy of external circumstances, it’s vital to be able to react accordingly.
We regularly review the action plan’s performance against set goals and KPIs. This ongoing analysis allows us to adapt the strategy as needed, ensuring that your trucking company remains on the path to sustained growth.
Continuous Support
Your growth journey doesn’t end once the action plan is executed; it’s a continuous process that requires regular monitoring and support. We offer ongoing support to troubleshoot issues, answer questions, and provide expert advice, making sure you’re not just reaching your goals but exceeding them. You might not like to hear it, but a small business should always be growing. If you aren’t, you will lose out to conmpetitors.
What it is NOT.
Set it and Forget it.
A growth plan is a plan that blah blah.
Adaptable to everyone.
Credit solutions will differ from one person to another. Every single credit profile is unique, and thus the steps to repair and build are also unique to the credit user.
A debt repayment program.
Credit repair services is not a program that lowers monthly payments or arranges settlement payoffs. While we can, and will, advise you on what debts to pay down and when, we don’t really get too involved in requesting/offering payment arrangements to creditors (although we do sometimes). We can however, make a recommendation to a non-profit credit counseling organization that can assist you in these matters.
Entirely up to us.
If you are truly serious about building your personal credit you are going to need to be a part of the process with us. This means you might need to make some changes to the way you have previously done things (or not done them!). It might not be easy at first, but it will be worth it.
Frequently Asked Questions
Why do I need this if all I need is more freight?
If this is the case for you (sadly it is not for most of our trucking clients), then you will really not have any need for this component of your R.I.G. membership. We will focus on the other R.I.G. components that you do need. It’s also good to keep in mind that if anything does happen where your credit takes a hit, we can jump in and help.
Do I have to know a lot about business to use this?
If we are working towards repairing your credit, then yes. At least for the first several months. This is needed for all of us to be able to track changes as we go. We recommend BLF clients sign up for Creditcare, which is an excellent service. We will usually tell you when it is okay to cancel your Creditcare membership.
How Involved do I need to be?
You will be able to see all of the changes to your report in two ways;. via checking your credit monitoring service and via updates from us. We notify our clients of every single change to your FICO score as we go along via instant email updates.
What if I have my Own Ideas for Growth?
No. Credit repair, as a service, is a perfectly legitimate and real thing that works as long as whoever is performing the service knows what they are doing. The problem with the credit repair industry is that most people who call themselves credit experts are nothing of the sort.
What if the plan fails?
Nobody intends for business plans to fail. But, business is fickle, and the transportation industry is an unpredictable beast. It is entirely possible that we will need to ‘recalibrate’ the original plan to account for changing circumstances. And in extreme cases, a whole new plan needs to be created. Don’t worry, if it happens, we’ve got your back.
How long does it take to see results?
Short term plans (1-3 months) will see results right away. Long term plans (6-12 months and beyond) will be more of a slow burn, and will require more dedication and patience. As long as they plan is sound and reasonable, the benefits will surface.