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Gasoline Prices And Your Business

Jan 16, 2008
If you own a business, you know by know that you will have expenses no matter what kind of business you run. Some expenses are predictable while others can be unpredictable like gasoline. If gas prices go up, this means that more money is leaving your pockets. If the prices go down, this means more money in your pockets, which you want. If you find yourself in a tough bind, try and remember these tips.

Keep your head up

If you keep your head up in the down times, you will realize that you'll think a lot positive. If you're running a small business, gas prices shouldn't really affect your budget that much unless you're running forty cars a week and you're barely making it. As many people say, if you think positive, positive things are going to happen. If you think negatively all the time, you will find yourself feeling down and not wanting to go on anymore.

Overestimate your budget

The best feeling in the world is when you overestimate an expense. Let's take gas for example. Let's say that you think you're going to spend two thousand dollars but you only spend fifteen hundred. This is five hundred dollars in your pocket. If you underestimate, this can be very discouraging to you and your business. With all of your expenses, it's always best to overestimate on everything.

Cut your costs

If gas is really putting a bind in your budget, it will probably be time to cut costs in other places. Instead of closing down shop because of this lousy expense you can look into many other areas like employees, marketing, office supplies, and so forth. It's almost best to write down what you spend every month penny by penny. Once you do this, take a look at the things you can go without. Once the gas prices slowly go back down and remain consistent then you can bring them back.

Be motivated... market!

The whole purpose of your business is to make money. Once business owners start making money, they start to stop and not look for more leads. Instead they get comfortable with what they have. If you haven't heard this saying by now, you should embed it in your head. "It takes money to make money" If you can find creative ways to advertise your business, you could soon see your profits rise so much that you won't have to worry about fueling your vehicles as much!

Gas prices can put a damper on anyone's budget. It's your responsibility to budget your business right. If you're shutting your doors due to gas prices then you really have to re-think your business plan. If it does come down to the point where you might have to shut down your doors then you may have to start charging your customers more. You have to remember that you have nothing to lose once it comes down to closing time. Follow these helpful steps as mentioned above and you should be able to stay out of the "closing the door" phase.
About the Author
Tom Tessin runs FINDgascards where you can save money on gas with gas credit cards
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