Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
About This Show
Why a podcast about Gas station business? Well, gas stations are in every street corner, they are dime a dozen, but why are there so many of them? Well, because they do make money. More importantly they are truly a recession-proof business. But how do you stand out in this crowded market? Here in this podcast my goal is to you bring you the best information possible to help you start, run and grow a successful gas station/convenience store retail business. Whether you're just starting out or you're a veteran in the gas station business, I am going to show you some new and innovative ways to get you to the next level and stand out in the crowd.
As a 20 plus year veteran of gas station business, I am always trying new and innovative methods to increase sales and profitability. Technology and marketing strategies are changing every day and the "old school" methods are not working anymore, you can be sure if you subscribe this podcast , you'll stay up to date on everything that is going on in this retail business industry. Branding, Business Plans, Business loans, innovative retail marketing Strategies, theft control, gas station business bookkeeping, retail regulations, pricing - you name it, it's here for you. Check out my blog at GasStationBuisness101.com and let me show you the way to becoming successful in this profitable niche retail business.
Most Recent Episode
GSB-47: How to Flip Gas Stations for Profit
4 days ago
Welcome to Gas station business 101 podcast, I am Shabbir Hossain, and this is episode 47. This is the show where we discuss how to start, run and grow a gas station business successfully and give you an inside look at many real life case studies so you can follow and be successful in this business. Today's' episode is a rather interesting one, and this idea came from Moe. Moe sent me an email about a month ago asking about this very topic as he found an opportunity to take over a store for very little money. I did answer his questions via email but I figured this is a topic that can benefit most of my other listeners. So here it is. As I said, we all know someone who flips home to make a living, and often they make good money doing so. But there is a growing market where people buy and sell gas stations for a big profit. But if you want to do this business there are few very key points you need to measure first and make sure you fulfill all those requirements. It can be a risky business, it can even be a money pit, so you have to be extra careful to do this business. But if you do it right the payout can be huge. 6 Key factors to consider and analyze before deciding to get into this business What type of gas stations are better for flipping Where and how to find them Who can flip gas station capital requirements Manpower requirements Management skill requirement Once you have fulfilled the requirements and bought your first store to flip, your real work begins. Find out the causes of failure of the business. 5 Main Reasons Businesses Fail Mismanagement Lack of competitive pricing and promotion Lack of merchandising Store outlook and maintenance issues Change in demographics or change in regulations Once you know what cause this business to fail, you need to take a comprehensive approach to fixing not only that single issue but all the other factors as well. It will be like opening a new store where you touch and improve on every part of the process. 6 Key Improvement areas Fix any and all maintenance issues Updated fresh outlook on a budget Remerchandise the store Innovative/aggressive marketing and promotion Well trained employees Install a good bookkeeping and store ope
Rated 5 out of
Very helpful information about Gas Station
Very Informative and helpful information here, I will be listening
Date published: 2015-07-22