We both know courier companies have come to help us exhale, rather deeply, from relief. Granted, some delivery companies don’t necessarily make deliveries effortless, there are always a few bad nuts out there and we apologise for that.
Each day, more individuals and businesses are understanding exactly how reliable delivery services (key word is reliable) are a vital part of their daily business operations. No need to step out to get a taxi, all you need to do is to request a delivery from the numerous delivery companies around or opt for Uber to drop off an item your customer requested and paid for online.
In the past few months, there has been an explosive boom in the number of delivery services springing up in Accra and Kumasi. Mainly because most people have identified it as the next ‘quick money maker’ Like every other profitable business, delivery services are profitable if all income and expenses are kept in tight check.
Below are a few ideas to consider and be sure of before following the crowd to also start a delivery company.
Be sure of Capital
No one mentions the fact that Delivery Services involve some substantial amount of capital, roughly around Ghc 30,000 to Ghc 50,000. With an initial investment of that amount, you can be sure to purchase, register, insure, fix the carrier on at least 5 bikes, sort out PCSRC (Postal and Courier Services Regulatory Commission), pay an admin (if you are not managing the business yourself), purchase phones and airtime for your team and hold on to at least three months salary advance for your team.
So do you have Capital?
Research! Research! Research! We can’t possibly over emphasis this. So many delivery services are in crazy debt because they did not implement a market research to understand the true state of the industry, average prices and general issues around running a delivery service in Ghana. In our opinion, research should come even before you begin to think about capital.
Owning a delivery service can take a toll on you. Right from struggling to employ a trustworthy rider, to clashes with policemen and unforeseen accidents, you must have a heart(a really strong and good one, we must add). Just like any business venture, understand the risks of launching a delivery service, get your emotions and heart in the right place, then move. It won’t always be easy…but it’s worth it.