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How to Start a Gas Station Business | Free Book PDF Download

Starting a Gas Station Business

 

How to Start a Gas Station Business - Free Book


Are you considering starting a Gas Station Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a Gas Station firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Gas Station Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

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Here's a Sample 'Executive Summary' for a Gas Station Business plan:

COMPANY NAME is a convenient store and gas station that has served the community for the last 40 years. As a staple in the community for gas and cooked food, COMPANY NAME is looking to expand to a full service discount store. This convenience store is looking for funds that will allow this already successful business to offer laundry services, discount groceries and an upgraded store front.  
Industry: 
The gas station industry is fragmented industries with no real dominate company. The industry has revenue of over 115 billion of annually. In recent years, almost 127,000 gasoline service stations operated in the United States. These establishments took very different forms than they had before, with self-service islands and ancillary retail outlets—convenience stores, known as C-stores—creating major changes in the distribution of market share. 
Company Goals:

  • Increase revenue by 30% by 2013.
  • Increase product mix by 25%
  • Add laundry service.
  • Increase foot traffic by 12% annually.

Our company has been a minority own business for 40 years and has the backing of the local community. Our goal is to increase the product we offer in hopes of additional revenue from our already existing client and customer base.

1.1 Objectives

COMPANY NAME has established three firm objectives it wishes to achieve in the next three years:

  • To capture an increasing share of the commuter traffic passing through.
  • To offer our customers superior products, at an affordable price.

To provide customer service that is second to none.

1.2 Mission

The mission of COMPANY NAME is to offer commuters competitive gas prices and great food. The company will make a healthy profit for its owners and provide a rewarding work environment for its employees.

1.3 Keys to Success

  • The keys to success for COMPANY NAME are:
  • Good quality products at competitive prices.
  • Excellent customer service that will promote customer loyalty.
  • A location that will assure that commuters will stop.

COMPANY NAME is a convenience store and gas station in [INSERT TOWN]. OWNER’S NAME the current owner has seven years of experience in managing gas stations. OWNER’S NAME will focus on the commuters that pass through the town daily. They will offer its customers the best gas prices and quality food products.

2.1 Company Ownership

OWNER’S NAME, the owner and operator of the business has had over seven years of management and retail experience. The store was purchased by OWNER’S NAME from his father whom owned the store for over 40 years. The ownership of this store understands the importance of building relationships with the local community.

2.2 Company History

The COMPANY NAME store was formed as a sole proprietary company in 1970 in the state of [INSERT STATE] in the [INSERT COUNTY]. COMPANY NAME has been a minority owned and managed business for the last 40 years and has become a staple in the local community.


Table: Past Performance

Past Performance

 

 

 

 

FY 2008

FY 2009

FY 2010

Sales

$750,000

$785,000

$765,000

Gross Margin

$335,000

$335,000

$335,000

Gross Margin %

44.67%

42.68%

43.79%

Operating Expenses

$427,000

$431,000

$436,000

Collection Period (days)

0

0

0

Inventory Turnover

0.95

0.95

0.95

 

 

 

 

Balance Sheet

 

 

 

 

FY 2008

FY 2009

FY 2010

 

 

 

 

Current Assets

 

 

 

Cash

$10,000

$10,000

$10,000

Accounts Receivable

$0

$0

$0

Inventory

$7,100

$7,100

$7,100

Other Current Assets

$0

$0

$0

Total Current Assets

$17,100

$17,100

$17,100

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$150,000

$150,000

$150,000

Accumulated Depreciation

$135,000

$135,000

$135,000

Total Long-term Assets

$15,000

$15,000

$15,000

 

 

 

 

Total Assets

$32,100

$32,100

$32,100

 

 

 

 

Current Liabilities

 

 

 

Accounts Payable

$0

$0

$0

Current Borrowing

$0

$0

$0

Other Current Liabilities (interest free)

$0

$0

$0

Total Current Liabilities

$0

$0

$0

 

 

 

 

Long-term Liabilities

$0

$0

$0

Total Liabilities

$0

$0

$0

 

 

 

 

Paid-in Capital

$75,000

$75,000

$75,000

Retained Earnings

($42,900)

($42,900)

($42,900)

Earnings

$0

$0

$0

Total Capital

$32,100

$32,100

$32,100

 

 

 

 

Total Capital and Liabilities

$32,100

$32,100

$32,100

 

 

 

 

Other Inputs

 

 

 

Payment Days

0

0

0

Sales on Credit

$0

$0

$0

Receivables Turnover

0.00

0.00

0.00


3.0 Products

There are over 4000 different skews that are offered on a daily basis at the Discount Corner store. The following is a general list of products.

  • Cooked food
  • Snacks
  • Drinks
  • Fuel
  • Tobacco
  • Alcohol
  • Ice cream
  • Pet food

With the grant money they will be able to offer more products and services such as, groceries, and a laundry mat.

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