Looking to launch a logistic startup: Here’re some tips
Logistics business is complex and risky. Therefore, entrepreneurs should enter the market after gaining a work experience of minimum three years and expertise in logistics and supply chain management.
- Startups should enter the market armed with hi-tech solutions that can disrupt the market.
- Be well-versed with all the in and outs of finance and business so that financial risks can be avoided or minimised.
- Be prepared for the unforeseen Startups should always be prepared for unforeseen challenges/contingencies.
- Insurance covers for logistics enable the entrepreneurs to mitigate the financial loss incurred due to an unfortunate event.