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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 just answer all the email questions and comments I have received recently, as some of you may recall I stopped answering email questions few episodes ago so I can have the whole time to dedicate to the topic of each episode. But didn’t want to ignore anyone’s questions, so from now on this how I will be answering email questions.
Sometimes I get similar questions from a few people, and in those cases, I will just answer one where I will try to cover most all angles so everyone will have their answers.
Feel free to send me email questions at shabbir@gasstationbusiness101.com or you can post your question on my Facebook Group by going to shabbirhossain.net This a domain name that is forwarded to my Facebook group.
Let’s get started…
The first question is from K. Patel, and he wrote: Shabbir, I love your podcast show, I am getting a lot of new ideas from you, but one question I have after listening to your episode 23 and 29, I was wondering how easy is it to duplicate that kind of success? Thanks a lot.”
2nd question is from Neil; he asked what should be the idea salary for a store manager of a gas station
3rd question is from CJ and Ahmed, both asked similar questions, but the gist of it is they both want to know when looking to find a gas station to buy should they try to find FSBO or FSBB, as one of them is suspicious about going to a broker, he is afraid they will steer him in the wrong direction or wrong business.
The 4th question came from Jenny; she asked: ” I enjoy your podcast show, one quick question as we are trying to decide what brand of station we should look for, We like both Exxon and Shell brand but is one better than the other and if so why?”
The 5th question came from David he writes ” After looking at your sample business plan from your site, I noticed you showed moderate profit increase in your projected P&L, I want to show a much higher profit, but wanted to verify, is higher the better or am I wrong?”
Time to talk about the survey I ran in two different small business forums recently. I didn’t get many replies, but again I am new to both of those forums, but they are truly great for all small business owners to visit and interact with other. I will link the forums on the show note so you can visit both.
Okay I asked these 5 questions:
- Do you think Gas Station business is a good business to get into?
If the answer is “No” then can you suggest a type of business you think people should get into
2. How much money do you think it takes to get into a gas station business?
3. Do you think the life expectancy of a gas station business is longer than many other retail businesses?
4. What do you think is the biggest obstacle to getting into a gas station business?
5. If you have the funds and are looking to get into a business, would you consider buying a Gas Station Business?
If the answer is “No”, what business would you buy?
One again thanks for sending me the questions, I know I didn’t get to answer everyone, but I will answer more in the next Q&A session I promise. In the meantime if you need a quick answer to a burning question, send it to my Facebook group.
I haven’t had a chance to read much of anything lately, so no book this week.
Once again, if you haven’t signed up for my very important newsletter yet, please feel free to do so by going to http://gasstationbusiness101.com/subscribe
Take care everyone; I will see you in the next episode.
Cheers!
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