Is Transportation business lucrative or too Risky?

[Erik4150]

It is not too risky if you make sure to employ only competent and professional drivers. Transportation industry is lucrative and you can make a lot of money from it.

 

[Ehizzy1]

Transportation business is very much risky compared to other type of business, because there are many risk on roads that are bound to occur

 

[Victor001]

The business itself is profitable but the problem is getting someone who is diligent enough to deliver their own side of the bargain. Some will telling you one story other every time the money they are to remit is not complete.

Transport business is not all that profitable, because we make profits on seasonal bases and the business terms are dependent on the passenger and movement, so gain or profits to some extent have limits.

 

[Ayokex]

It covers important aspects such as ambulance, medical emergency, outstation, shifting etc. Moreover, the traffic problems in several big cities have also laid the path for public and private transport to occupy the roads. Therefore, lot of people depend heavily on transportation.

The the both question are correct for transportation business. It is profitable and yet risky. The risk part of it is that, it is very hard to get a trustworthy driver and if a bad driver handles your vehicle, the vehicle will rundown before you make any gain.

 

[Chibson]

Transportation business is risky and lucrative at the same time. I have a relation who was into transportation business, most of his cars was stolen and vandalized by unscrupulous drivers.

 

[nimzy]

Scientifically every business is risky and then profitable at the same time because for every business to prosper it most be ready to face the risk and anyone who avoid risk avoid success of business.

 

[Ehizzy1]

Transport business is not all that profitable, because we make profits on seasonal bases and the business terms are dependent on the passenger and movement, so gain or profits to some extent have limits.

Most times transportation is profitable ,there is some company that actually launched cars and transportation so that people can hire and they will earn ,so its profitable

 

[Shigobad20201]

I was discussing with a neigbour of mine and he was talking about his experience in transportation business, how He bought a truck gave it to someone to take care of and also make money. But the guy did dome underneath business which collapse the truck and he run. Till today He as been unable to arrest the guy.

But in his statement, he said if you see a very good person to Handover to its very lucrative because its essential (people can't do without)

My Question is How lucrative and how risky is Transportation business.

Every good thing in life also has its disadvantages, transportation business is a lucrative business if you can be driving by yourself , but if you have a trustworthy person that you can handover the driving.

 

[Setfragil]

We all use transportation either public or private for our daily movement from one place to another. Transportation business is a good business provided that you have the required knowledge and experience to manage it.

 

[Ehizzy1]

We all use transportation either public or private for our daily movement from one place to another. Transportation business is a good business provided that you have the required knowledge and experience to manage it.

The knowledge is very important because without that am not sure if the person would be able to drive or move a car at the end of the day. So know more knowledge to use it effectively

 

[Setho]

This is a very sad thing to have happened to your Friend. Transportation is a very good place to make money but you can also use insurance covers to avert all those many risks.

 

[Senator]

There is no business out there that is without risk. Transportation business is not an exception when it comes to business risks. But the business is very lucrative as long as you have very good hands running the transport for you. Your driver has to be a trustworthy type of person for you to make the real profits in his business

 

[Sotherefore]

It's good only be risky if you don't keep to the rules and regulation of the government because this are the things that causes accident when we have to recognise some of the road signs and regulation, if you keep on to these rules and you get all the required documents that can qualify you to be transporter then you are good to go and is lucrative.

 

[Sheyemanu]

Well, in reply to your question in the above post concerning if transportation business is profitable or too risky, well this question you have asked is a very valid one, well the business is very profitable and will indeed earn a lot of money

 

[Kayzzy3]

Well, in reply to your question in the above post concerning if transportation business is profitable or too risky, well this question you have asked is a very valid one, well the business is very profitable and will indeed earn a lot of money

It is both lucrative and risky too, but while looking to invest in transportation business or indeed any other form of business, you have to consciously look at the positive beside of the actual business you want to do, make sure the positives outweighs the risk.

This will help you decide whether to go into it or look for an alternative.

 

[Abigael]

Transportation business is a very lucrative one. It is an essential need for people to travel and so the business always has clients. You should just be careful who you hire to drive the cars.

 

[Prettyjanie]

The transportation business is highly lucrative, but you need a trustworthy person or driver to handle the business otherwise you will run at a huge loss as a lot of the drivers are not honest.
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The transportation business is highly lucrative, but you need a trustworthy person or driver to handle the business otherwise you will run at a huge loss as a lot of the drivers are not honest.

 

[tyrim88]

Transportation business is very lucrative,it depends on the sector you are into,is it for logistics or movement of people.when you will have the most gain is when you are having full controle and monitoring of the transport vehicle,by the driver delivering your own product.Reason most people drive the vehicle themself.

 

[Ralphjoe]

It's a lucrative business and also it's expensive to start because you will needs to open a short park and you will need to buy the buses that will convey passengers to their different destinations
It's very expensive to start but if you have the money it's a very lucrative business.

The transportation business is a very lucrative business and I won't say that anyone that start with mostly make which profit in late but like you said it is difficult to start and maintain.

 

[Setfragil]

Transportation business is really a good and lucrative business. The only risk in it is the accident part aside that it's a lucrative business. But to profit from the business you have to make sure you have a good and honest driver to prevent you from having hypertension.

Most drivers are prone to accident depending on the type and the condition of the of road they ply on a daily basis. Transport business is a lucrative business if you have good maintenance culture for your vehicles because vehicles repairs and maintenance takes a lot of money.