Gas Station Business 101 Podcast - How to Start, Run and Grow a Successful Gas Station Business
62 episodes - English - Latest episode: about 7 years ago - ★★★★★ - 53 ratingsWhy 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 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 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. Check out my blog at GasStationBuisness101.com and let me show you the way to becoming successful in this profitable niche business.
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Episodes
GSB-12: How to Control Theft in Your Business and Save an Additional $1,000 each Month | How to Make your Business Lean, Mean and a Money Making Machine| Part 2
September 10, 2015 00:24 - 50 minutes - 28.7 MBIn this episode, I discuss the second part of How to save $1000 on operation cost while making your business lean, mean and a money making machine. This episode is all about theft and employee errors and how that can cost your business thousands of dollars each month. I mention a list of items you can check and follow to minimize theft and errors and at the end save at least a $1000 each month that you can add to your bottom line profit. Stopping Theft is a 3 step process: Detect Det...
GSB-11: How to Save $1,000 Each Month While Making your Business Lean, Mean and a Money Making Machine | 10 Things You Can Do Now and Save $1,000/Month | Part 1
September 03, 2015 03:17 - 44 minutes - 25.3 MBIn this episode I outline how you can save $1,000 each month by taking 10 steps I outline in this episode. This session is all about how to be creative and reduce all your utility bills and bringing your operating cost down and making your business run lean, mean and as a money making machine it should be. This is part 1 of the 2 part series on how to save money on various operating expenses in your business.
GSB-10: How to Promote a Gas Station Business Effectively both On and Offline | Part 5 of 6 P's of Marketing Mix Series | Promotion
August 30, 2015 23:26 - 41 minutes - 23.7 MBHow to Promote a Gas Station Business effectively both on and offline In this 10th episode I cover the last P (promotion) of the 6P's of Marketing mix. Here we talk about how to promote your Gas station business both online and offline. We start with offline promotions like in store and local area marketing in which there are 3 types of promotions you can do: 1. Promotion via products 2. Promotion via Pricing 3. Promotion via People or Employees We also talk about ...
GSB-09: Best Pricing Strategy for Gas Station Business | 6 P's of Marketing Part 4 | Pricing
August 28, 2015 03:48 - 47 minutes - 27.4 MBIn this episode I discuss both sides of pricing, the price you pay to buy your merchandise and fuel and then the price you sell that same merchandise and fuel for also known as your selling price. I outline how to have a creative and effective pricing strategy that makes a retail business stand out in this crowded and competitive market. After listening to this podcast, you will learn how to creatively price each category: Cigarettes Tobacco Drinks Soda Alcoholic beverages Au...
GSB08: How to Merchandise Your Gas Station Business in a Unique Way to Attract Customers | Part 3 of 6P's of Marketing Mix Series 100
August 18, 2015 00:26 - 38 minutes - 22.7 MBIn this Episode, I discuss the 4th 'P' of the marketing mix -Product which in our business is merchandise. There no "one size fits all" in this business. You have to differentiate your store/business from the next store to stand out in the crowd. Product selection is the differentiator that can make you a successful as oppose to a not so good product selection can tank your business to the ground. There are 4 very important things you need to find out about your store, about you...
GSB07: How to Find, Hire, Train and Retain Employees | Part 2 of 6P's of Marketing Series
August 10, 2015 01:18 - 39 minutes - 23.2 MBIn this episode, I answer a very common question most small businesses struggle with, which is How to find, hire, train and retain the right people. This is also the 3rd 'P' of the famous 6 P's marketing mix. It is a vast topic and a very important one. You can have the best location, fresh deli food and cheap fuel price but without the right people behind your register, you won't be able to see success. The right staffing is one of the very important keys to your success. In ...
GSB06: Place & Process | 6P's of Marketing Mix | Part 1
July 31, 2015 14:19 - 37 minutes - 22.5 MBIn this episode, we discuss first 2 of the 6 P's of marketing mixes and how they can effect your business. We dive deep into "Place" and "Process" and their importance in the marketing effort of your business. When it comes to a retail business, the "Place" or the location is the key factor to success, and we discuss 10 key points of a successful location, which are: Indoor lighting Outdoor Lighting Cleanliness Restroom Clutter Free Checkout Counter Parking Lot Ambience Ef...
GSB05: How to Get Financing for Gas Station Business
July 22, 2015 05:56 - 44 minutes - 26.1 MBIn this episode, I discuss how you can get bank financing to buy a gas station business. I discuss how to find the right bank that fits your needs. I discuss the difference between typical commerical loan Vs. SBA loans, what is LTV(Loan to Value). I also discuss the items/documents you need both from yourself and from the seller to furnish to your bank as part of the loan package.
GSB04: 15 Steps Gas Station Buying Process
July 19, 2015 17:39 - 37 minutes - 22.4 MBIn this episode I outline the complete 15 step prosess to buying a Gas Station/Convenience store successfully.
GSB03: How To Come up With the Right Valuation for a Gas Station Business
July 12, 2015 05:51 - 45 minutes - 26.6 MBIn this episode I discuss how to come up with a value of a gas station business( Business Valuation) and how much money can one make from operating this business. When doing a valuation of a gas station business, it is usually not as simple as doing a valuation of a home.
GSB02: How To Find a Gas Station to Buy or Lease
July 11, 2015 06:11 - 41 minutes - 24.6 MBIn this episode I talk about how to find a gas station for sale, if you should buy or lease, the advantages and disadvantages of buying vs. leasing. Then we talk about how to do due diligence and dig deep into the P&L, how to calculate profit margin and lastly what are the typical product categories in a gas station and what is the average profit margin in those product categories
GSB01: Introduction- What is a Gas Station Business- Why should Anyone Look inside This Business
July 05, 2015 00:15 - 38 minutes - 36.3 MBThis podcast is and will be all about gas station business, where I will discuss why and how to start a gas station business, how we can manage, market and operate them the most effective and innovative ways so we all can make more money, my goal is to show you how you can increase profitability and improve your bottom line. If you are new and looking to get started in this line of retail business then this is the show for you, if you are already a seasoned gas station business owner, this ...