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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 »
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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 …
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Today I want to discuss 7 very useful tips and ideas you should put to use immediately to improve your store’s outlook and image. Most of these ideas will cost you very little, and some will only cost 50% of the total cost as the other 50% is paid by, well not you, so stay …
GSB-37: 7 Tips and Ideas You Can Use to Improve Your Gas Station Business on a Budget Read More »
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In this episode, we will break down how to read and analyze a cash register report. This is the most important piece of paper that business produces every day. This is the report that tells you how much money came into your store and how. Not to mention it gives you break down of all …
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What is a Branded Gas Station? Branded stations are what we see around us the chevrons, the shells, the marathons, the Bps the Mobil stations, all these are examples of branded stations. On the other hand, the unbranded stations are the one that you also see around you like the quick stop, the express mart, …
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In this episode, I answer a few long awaiting questions for you, my listeners and readers. I also read comments from a survey I ran in a couple of the top business forums; you may be surprised by what people are saying about gas station business. This is the very first episode where I will …
GSB-34: First Q&A Episode| 5 Interesting Survey Questions Answered By Many Forum Readers Read More »
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Generally speaking, in life we all want to hear about success and how others became successful, and we all want to be successful in our own life. Not to mention hearing about success motivates us makes us want to follow the same footsteps so we can get some taste of the similar type of success …
GSB-33: True Story of My Failure In Business; What I Have Learned From My Failure Read More »
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In this Episode I discuss all the security threats that we face as small business owners, then I discuss the business legal liability and how we can manage them properly. Most businesses especially retail come with a few security threats, and there is a certain degree of risk management that every entrepreneur has to do. …