A budget is a financial plan based upon your business goals, which forecasts profit and loss within each area of your company to define your net income for the year. Developing a sound budget is all about quantifying your business model for the next 12 months. What are the elements that drive your business and…
BRITE®, by Angus, utilizes YOUR data to give you timely insight into the key aspects of running your business. Built specifically for fuel distributors, it shines a light on Delivery, Dispatch, Service, Finance and Customers. Our easy-to-use dashboards are meant to be custom-built for each user based on their role and level in the organization.…
All the planning in the world cannot help you sell more gallons when Mother Nature does not cooperate. When winters are warm, temperatures are what affect your sales. NOT planning, pricing, service or marketing efforts. There is a way, however, to generate revenue during a warm winter… Hedging the volume through “option purchases” on the number of heating degree days (HDDs) in your area.
The largest expenses for heating oil and propane distributors are those related to deliveries. Fixed fleet costs including trucks, insurance, and maintenance, as well as variable costs of wages and fuel during the heating season that always seem to be on the rise. The trick… deliver all your gallons with fewer trucks during all four seasons.…
How a Tank Monitor Can Help You Exceed Your Business Goals The Summer season is the perfect time to audit your customer data, conduct equipment maintenance, set your budgets for the upcoming seasons, and fit in a vacation. It’s also a great time to assess how technology can help you become more efficient.Tank monitoring technology…
Now that the winter is behind us, dealers are reflecting on how things went financially and how to shift gears for the remainder of the year to get back on track with their annual profit targets. Before you can decide how to pivot, you need to know what target to aim for.
Angus Analytics is proud to announce that Bob Levins is now serving in the role of Managing Partner – Performance Analytics. Bob plays a leading role in the development, sales, and delivery of the BRITE business intelligence solution to the retail fuel industry, and ADEPT™ Angus Delivery Efficiency Planning Tools.
It's a great time to improve your profitability in your Service (and Installation) department. In the past, the Service department had traditionally been a loss leader for most dealers and, therefore, represented one of the biggest and quickest opportunities for a dealer to grow their profitability. This remains true to this day, despite the fact that most full-service dealers have already transitioned their Service departments from a loss leader to a profit center.
There is an aphorism in the academic world that says, “publish or perish” in reference to advancing a career. Our aphorism is Hedge or Perish.
Your biggest expenses are the fleet that delivers fuel to your customers and the wages for the drivers, dispatchers, and mechanics who make those deliveries and keep the fleet running. In many cases, those expenses can equal 75% of all of your operating expenses. You are (or should be) aware that there are new and modern ways to improve your economics. The costs are minimal relative to the benefits, the implementation is fairly easy, and the results outweigh just about anything you can do with any other delivery and dispatch technology.
