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Welcome to Gas station business 101 podcast, I am Shabbir Hossain, This is only podcast show of its kind where I discuss every aspect of gas station business from how to find and buy the right location, how to market your business, how to do bookkeeping, how to minimize theft to what type of insurance …
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Did you know that a commercial lease can have a clause where the landlord can get you out of business in just 30 days? How about the other clause where they can walk-in to your premises even when you are closed and no one is at your location? Well this is true, they can, stay …
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First, let’s define what is passive income. Passive income a process where you earn money without being involved in the day to day business operation of the business. If any of you remember the free book, I send to everyone on my mailing list all about passive income than you know there any many ways …
GSB-43: Does Gas Station Business Work as a Passive Income Model? Read More »
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Welcome to Gas Station business 101 podcast, I am Shabbir Hossain, and this is episode 42. For those of you who are joining me for the very first time, this is a show where we discuss from how to start, run and grow a gas station/convenience store business successfully and make money. In each and …
In retail business these are the 3 most common terms we hear every day, but what do they all mean and how are they different from each other, is a question many of you have. I know this because I get email time to time about this very topic. Okay let’s break them down and …
What are The Differences Between Penny Profit, Profit Margin and Markup? Read More »
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There are risk factors associated with buying any new businesses, I am sure you all know that but when it comes to buying a gas station, last week I spoke about 9 factors to check as part of your normal due diligence for your business. This week I want to address 7 hidden risk factors …
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This is the first of a two part series episode all about due diligence. In this episode I will be discussing everything under the sun about each of the 9 steps of due diligence before buying a gas station business. In the next episode which is part 2 of this series, will be all about …
GSB-40: 9 Step Due Diligence Before Buying a Gas Station Business | Part -1 Read More »
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There are many great business and investment opportunities out there if you ever read the Entrepreneur magazine or the franchise magazine you will see they have a list of 10-20 great names of franchise businesses that you can invest and make money with. Back around 2005-2006 one of the leading magazines named Quiznos as the …
GSB-39: Why Gas Station Business is a Good and Solid Long-Term Investment Read More »
Here are some very basic inventory and bookkeeping management tools everyone can use. All templates are created in Microsoft Excel format, so if you are downloading any of these tools please make sure you have Microsoft Office or Open Office installed in your computer. Daily Sales Book Click to download it Daily Books Fuel-Meter Management Report …
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A common question I get asked a lot, how do gas stations make money, especially when they hear the gasoline does not make much then how do we make money? Would you like to know too? Let’s do some calculation GSB-38: How do Gas Stations Make Money? Welcome to Gas station business 101 podcast, I …