The Constant Entrepreneur: Advice for Running a Productive Business

Fuel Prices

It is no news to any business owner that rising fuel prices are eroding profits. An article in today’s Wall Street Journal suggested a 10% rise in gasoline prices in just the past month! What is an owner to do?

Many businesses are now adding a fuel surcharge to their delivery bills.

UPS, which has one of the largest (if not the largest) delivery fleets in the world has taken a number of steps toward minor and major fuel savings. These techniques can be used by any business that regularly has vehicles on the road.

1. Carefully plan routes – this not only saves fuel, but also is more time efficient.

2. Plan ahead to avoid stopping at any site more than once per day.

3. Turn off the engine when making a delivery.

4. Plan routes to eliminate left turns (eliminates waiting – and idling – while traffic from the other direction clears).

These are not drastic measures. But every gallon of gas saved adds four dollars or more to the bottom line.

Will Limkemann
Limkemann Business Advisors
440-871-0976
www.neobizadvisor.com