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This book is truly a summary of a few episodes of my podcast show. You may ask why would I publish it as a book, well after writing the first book " How to Start, Run and Grow a Gas Station Business Successfully" and starting my podcast, I have realized, some people want fast and quick answers to 6 very common questions, they don't want to read a 200 page book that includes everything under the sun about Gas Station Business. In my first book I talked a lot about how to find and buy the ideal business then I went on to talk about how to grow that business with proper marketing and merchandising strategies. But in this book I simply answer 6 most asked questions ever. 1. How do I find a good business for Sale? 2. How to find out how much money a gas station is making? 3. How do I come up with right pricing/valuation of a gas station? 4. What is The Return On Investment(ROI) in a gas station Business? 5. How to write the best business plan for a gas station? 6. How do I get a bank to finance my deal? In last 3 years these are the 6 questions I received over and over in my email, more than any other questions. So this book is a quick start up guide for those who are looking to get into gas station business and need to find these answers in a hurry. I also included a 15 step buying process checklist along with a 7 step closing checklist. This way you are covered start to finish in your buying process.
Why a book 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?. Since the economic meltdown of 2008, we not only witnessed the collapse of the housing market, but also the wave of small businesses that closed their doors forever. Look at your city, and I am sure you will find empty homes alongside many local businesses such as restaurants, gift shops, clothing stores, etc. standing there with empty windows and a "For Sale" sign in the front. Now, look again. How many gas stations or convenience stores closed during the same period? Probably none. Instead, you may have noticed there are new stations constantly being built. Why is that? The answer is simple: it is a recession proof business. Whether you have a job or not, have a house or not; you still need gasoline for your car, milk for the kids, or need to make a quick run for cigarettes, beer, soft drinks.. You corner gas station is filled with all our daily life necessities.Now that we established Gas Station is a good and recession proof business to get into, the question is how do we get into one on a limited budget and once we do get into it, how can we stand out in this crowded market and be unique.?Here in this book I bring you all the answers along with all the best information possible to help you start, run and grow a successful gas station/convenience store 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.In this book I outlined and explained in depth the followings:* How to Choose the Right Business Location* Should you Buy or Lease a Gas Station Business* How to effectively do Due Diligence on any Business* How to get Bank Financing* How to Close a Deal * What and How to set up a Corporation and obtain all required Licensing * How to Market your store and increase Sales and ultimately Profitability* How to Hire, Train and Manage Employees* How to have an Inventory Management System* How to do Bookkeeping * How to handle Loss Prevention/TheftA full Business Plan in included in this book along with a link where you can download a fully workable business plan that you can modify to fit your need.After reading this book, if you still have need for more information, I would suggest you check out my Gas Station Business 101 podcast audio show on iTunes, it is free to subscribe and you can listen to anywhere. Through this podcast show, you'll stay up to date on everything that is going on in this industry. Branding, Business Plans, Business loans, innovative marketing Strategies, theft control, gas station business bookkeeping, regulations, pricing - you name it, it's here for you. You can also check out my blog at GasStationBusiness101.com and let me show you the way to becoming successful in this profitable niche business.In this second edition, we addressed a few errors and typos, we also updated some data, as well as some charts and graphs that are now very easy to read.
Since the economic meltdown in 2008, we not only witnessed the collapse of housing market, but also the wave of small businesses that closed their doors for ever. Look back in your city, and I am sure you can identify many empty homes along with many small businesses such as restaurants, gift shops, clothing stores that are no longer there. Now let's look again and see how many gas stations or convenience stores closed during the same period? Probably none. Instead you may notice there are newer stations are being build. Why is that? The answer is simple, it is a recession proof business. Regardless if you have a job or not, have a home or not, you still need gasoline for your car, milk for the kids, or cigarette, beer, soft drinks.. The neighborhood store is filled with your everyday needs. In this book we look deep inside and learn how and why this business model works and what is the best and economical way to get into this business. How to Find and Buy A Profitable Gas Station Business helps beginners and more seasoned business people understand how to be successful with gas station ownership. Across the United States, gas station businesses and convenience stores are proving decidedly profitable, even recession proof. As this book demonstrates, gas station businesses are easy to set up and manage. Following a few simple tips outlined in this book, it is possible for even first-time business owners to enjoy the benefits of a profitable, easy-to-manage business.
Bill Scott and James Hawkins describe in easy to understand terms how convenience store operators can double the profits in every store and turn their convenience stores into Cash Generating Monsters.
Nightshift clerk and high-functioning insomniac Jack is back to work, trying his best to keep out of trouble. But when his chain-smoking coworker discovers a mysterious radio signal revealing the guarded secrets of their town, Jack will learn that an annoying new dayshift manager is far from the worst of his problems. In this second installment of the Gas Station saga, Jack finds himself entangled in his most harrowing adventure yet. With the newest crew of coworkers along for the ride and the resident psychopath out for his blood, our hero(?) must navigate the drama of small-town murder conspiracies, vigilante justice, and demonic summoning rituals...whether he wants to or not.
The SmartStart Your Business series is chockfull of valuable business start-up information. Whereas most start-up books give an overview of basic legal requirements, each SmartStart guide goes a step beyond and gives its readers the state-specific laws, regulations, and fees and tells how to get in touch with the federal, state, and local agencies that govern small business.The most complete and up-to-date sourcebook of its kind. SmartStart also gives pointers on writing a successful business plan and setting up a winning marketing strategy. Readers will learn the most current financing programs available in their state and understand how to obtain both short-term and long-term financing, and, once they're up and running, how to manage their business' finances properly. What's more, readers are given the latest on:
An updated third edition of the most comprehensive guide to small business success Whether you're a novice entrepreneur or a seasoned pro, The Small Business Bible offers you everything you need to know to build and grow your dream business. It shows you what really works (and what doesn't!) and includes scores of tips, insider information, stories, and proven secrets of success. Even if you've run your own business for years, this handy guide keeps you up to date on the latest business and tech trends. This Third Edition includes entirely new chapters devoted to social media, mobility and apps, and new trends in online discounting and group buying that are vital to small business owners everywhere. New chapters include: How to use Facebook, Twitter, and other social media tools to engage customers and potential stakeholders How to generate leads and win strategic partnerships with LinkedIn How to employ videos and YouTube to further your brand What you need to know about Groupon and group discount buying What mobile marketing can do for your business Give your small business its best shot by understanding the best and latest small business strategies, especially in this transformative and volatile period. The Small Business Bible offers every bit of information you'll need to know to succeed.
"The first architect-designed gas station - a Pittsburgh Gulf station in 1913 - was also the first to offer free road maps; the familiar Shell name and logo date from 1907, when a British mother-of-pearl importer expanded its line to include the newly discovered oil of the Dutch East Indies; the first enclosed gas stations were built only after the first enclosed cars made motoring a year-round activity - and operating a service station was no longer a "seasonal" job; the system of "octane" rating was introduced by Sun Oil as a marketing gimmick (74 for premium in 1931)." "As the number of "true" gas stations continues its steady decline - from 239,000 in 1969 to fewer than 100,000 today - the words and images of this book bear witness to an economic and cultural phenomenon that was perhaps more uniquely American than any other of this century."--Jacket.
From the founders of the acclaimed Summit event series and community comes the story of their unconventional journey to business success and the hard lessons they learned along the way. “[Make No Small Plans] neatly crystallizes the teachings and takeaways—basic truths—from the past fifteen years of Summiteering.”—Forbes In 2008, with no event production experience and two college degrees between the four of them, Elliott Bisnow, Brett Leve, Jeff Rosenthal, and Jeremy Schwartz became business partners and set out to build a global events company. With passion and tenacity, they began cold calling as many inspiring company founders as they could and tried to convince them to attend their first event. In the beginning, only nineteen people said yes. Since then, they have grown Summit into a global community with events all over the world, hosting luminaries including Jeff Bezos, Richard Branson, Shonda Rhimes, Brené Brown, Kendrick Lamar, and Al Gore. In 2013, the Summit founders—with help from their behind-the-scenes co-founder and partner Ryan Begelman—acquired Powder Mountain, the largest ski resort in the United States, with a dream of building a mountaintop town of the future. In Make No Small Plans, they reveal the triumphs, mistakes, and cornerstone lessons from their journey, which began during the Great Recession and continues today. Alongside teachings from some of the most inspiring entrepreneurs of our time, the authors offer takeaways such as: • No idea should go unspoken. • Reputations are earned by the drop and lost by the bucket. • The road to success is always under construction. • Become a favor economy millionaire. Entertaining and empowering, Make No Small Plans shows that anyone can think big and—with a thirst for knowledge, a talented team, and a little humility—accomplish the impossible.