If you are looking to start a business in India then a good choice would be a courier business because it has good potential and is one of the fastest-growing industries in India. Since the rise of the e-commerce industry in the past few years, the courier industry saw a huge increase in its growth.
According to research from 2018, there were about 2200+ courier businesses working across India, and the whole courier business industry was estimated at Rs. 14,000 crores in 2018. Currently, it is one of the fastest-growing industries and is estimated at over Rs. 20,000 crores.
A good courier agency in India has to make sure that it provides a complete solution set to make sure that it is able to deliver goods to every part of the country. Plus, the company should also ensure that it connects the people across the country and uses the latest technology to make it easier and convenient for the customers to track parcels and for the company itself to deliver parcels on time.
Things to Consider Before Starting a Courier Company
There are two ways by which anyone can start a courier business in India, either they can start their own company or take a franchise from a reputed courier company such as Shree Tirupati, Professional Couriers, BlueDart, etc.
If you choose to start your own company then there are some things that you need to take some things into consideration which are:
1. Fund Raising
To start your own company, raising funds is the most important thing and you need to raise funds either from investors or by availing business loans. Finding different investors from different sources is very important and before you start your business, make sure that you have a steady amount of money available in hand because you may need it at any time for your business.
2. Legalize Company
Always make sure that you legalize your company no matter what the size of the company is. Whether you are starting a small company or a big one, try to make it a Private Limited Company.
3. Tax Registration
Getting your company registered for service tax is also very important. Right from the moment you start your courier company, get it registered for service tax so you’re doing everything legally and also helping the country.
4. Building a Great Team & Network
Building a great team and network is also essential to make sure that your business flourishes. A single person cannot handle all the aspects of a business. Building a proper team and giving them training for quality service is required for your business to grow