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With gas prices soaring to record highs, small businesses are feeling the pain at the pump. Businesses that rely heavily on driving such as florists, construction, truckers, restaurants who deliver, landscapers, and repair services (plus all of you soccer moms out there!) are among those who are being hit the hardest.
So how can small businesses cope with rising gas prices (without having to sell their soul or firstborn child)? Try these 5 strategies:
Download a Gas App–
Gas apps can help drivers find the cheapest gas prices while on the road. Users simply type in their location or enable location services to get the most updated prices at gas stations in their area. A few of the most popular gas apps are:
Make Every Trip Count–
More efficient route planning can save your business a pretty penny. A few ways to make every trip count:
Get Creative to Avoid Driving–
Sometimes all it takes is a little creativity to improve efficiency and save money. With gas prices this high, try to think of ways to help your business cut back on driving. A few ideas are:
Cut Back or Restructure Your Geographical Service Area–
In order to continue to service areas that are farther away, you may want to make some changes such as:
Adopt Simple Fuel-Efficient Driving Tips–
Making a few small changes to your driving habits and staying up to date on vehicle maintenance can help your company save significantly at the pump. Here are a few ways to improve your fuel economy:
You’re on the Road to Success with SBG Funding!
Don’t let high gas prices hold your business back from reaching its full potential. SBG Funding has flexible financing options to help fuel your growth. Apply today so you can hit the road tomorrow!
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