Reducing Net Operating Cost
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Net Operating Cost - Maximizing Your Profits
Here is the tip of the week for 3.16.2010. Please enjoy and we will follow up with another next week!
In today's tough economy, many c-stores operate with a zero net operating cost (NOC) or less. This means they can still be profitable with ZERO margins on gasoline.
Many experts agree that stores with a Net Operating Cost (NOC) of 15 cents or greater have a 50% chance of being out of business within 3 years.
How do you manage your business' overall profitability?
>Do you identify ALL expenses and non-fuel revenue to determine the fuel margin needed to achieve profit goals?
>How do you calculate, analyze, and reduce your true NOC?
>How do you increase sales and margins while reducing your expenses?
In today's tough economy, many c-stores operate with a zero net operating cost (NOC) or less. This means they can still be profitable with ZERO margins on gasoline.
Many experts agree that stores with a Net Operating Cost (NOC) of 15 cents or greater have a 50% chance of being out of business within 3 years.
How do you manage your business' overall profitability?
>Do you identify ALL expenses and non-fuel revenue to determine the fuel margin needed to achieve profit goals?
>How do you calculate, analyze, and reduce your true NOC?
>How do you increase sales and margins while reducing your expenses?
Contents at a Glance
Net Operating Cost Quiz
Are You Getting the Most from Your Store?
Take your time and answer the questions below for a chance to be entered in our quarterly computer-based training sweepstakes!
Net Operating Cost Poll
How profitable is your convenience store?
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