How to write a business plan for a gas station & How to open a gas station

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In this video tutorial I explain how to write a business plan for a gas station, and then how to eventually open a gas station.

First, let’s focus on how to write a business plan for a this business. The main challenges with this kind of business are the costs to get started, finding where to buy gas, ongoing price competition, and possibly most importantly identifying a location which has a high amount of car traffic, but low enough competition from other nearby gas stations.

If you write a business plan for a gas station in order to give it to potential investors, you should certainly explain what the financial opportunity is, and outline how you will be able to carve out a niche in the existing market which is undoubtedly quite competitive. This is really the issue with gas stations. There is severe price competition, and even a 2 cent difference in price per gallon will cause a relatively large rise or decrease in sales.

As I noted in the video, the kinds of gas stations that do better are ones that position themselves to be more than just gas stations, but rather destination. If they offer some basic groceries and a bathroom, more people will stop at the gas station. The same is true for offering basic mechanic services or oil changes.

Good luck with writing a business plan and eventually opening your gas station. I hope it becomes a great success for you.

Learn about general business planning and starting a business

Here is a video on how to write a good business plan in general.

Here is a video that shows you step by step how to start a business.

And here is my book on how to go from business ideas to starting a business on Amazon. And here is a blog post with a video about that same book so you can learn more about it.

Lastly, here is my video based course on how to go from business ideas to starting a business (this link includes a very big discount to make it very affordable).

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