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NATSO Blog: November 2013

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How to Calculate the Breakeven Point on a Truckstop Promotion

Posted in: Great Ideas, Truckstop Business, Darren's Great Ideas for Independent Operators, Marketing & Retail

In honor of Thanksgiving and all of those Black Friday sales, today we are going to talk about promotions.

Do you ever wonder if a promotion you run is profitable? Ever wonder if a promotional opportunity being offered by a vendor is going to drive sales and/or profitability? Do you wonder if you can you sell enough at the reduced price to make up for lost retail sales of profit margin dollars?

I receive a lot of questions from NATSO members on this issue. This fall I was asked during a travel plaza visit by a perplexed operator, "How do I know if I am doing the right thing when discounting an item for a promotion"?

To help shed some light on this quandary, I thought it would be helpful if I put together a worksheet on how to calculate the breakeven point. We've create a downloadable worksheet with formulas to calculate the breakeven point on a promotion.

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What You Missed in the Biz Brief This Week: November 27, 2013

Posted in: Industry Trends & News

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{NATSO News Weekly} November 25, 2013

Posted in: Our Legislative and Regulatory Issues

What Will I Learn By Attending The NATSO Show 2014?

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What You Missed in the Biz Brief This Week: November 20, 2013

Posted in: Industry Trends & News

In today’s information-overloaded business world, we often find ourselves deluged with literally hundreds of news items from dozens of sources. While it is likely impossible to read every article and remain productive, by not doing so we risk missing the one article that could change a key business practice or thought process. And that is where the NATSO Foundation’s newest publication, Biz Brief, provides assistance! The NATSO Foundation's Biz Brief is a daily collection of the most relevant business intelligence for truckstop and travel plaza operators.

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The Mobile Wallet Goes Beyond Payments

Posted in: Truckstop Business, Technology

Today’s technology is allowing consumers to use their phone as their wallet so they can tap-to-pay or send money from their phone. That means that in the future, shoppers may be able to purchase fuel, buy coffee and pick up groceries with their smartphone. Given that nearly one-fifth of smartphone users say they always carry their phone but don’t always carry a wallet, mobile wallets can provide a new level of convenience for shoppers.

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{NATSO News Weekly} November 18, 2013

Posted in: Our Legislative and Regulatory Issues

EPA Addresses "Blend Wall" with Reduced RFS for 2014

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Top Reasons The NATSO Show is a Great Idea for Independent Operators

Posted in: Great Ideas, Truckstop Business, Darren's Great Ideas for Independent Operators, The NATSO Show, Leadership & Strategy

When you attend The NATSO Show, engage and take back and implement at least one idea, product or service back, the investment you made in travel, time and dollars, is returned in spades. That is true for any trade show, not just NATSO’s. Using what you’ve learned and implementing and executing it 100 percent properly will bring a long-lasting return on your initial investment.

Winston Churchill said, “Continuous effort, not strength or intelligence, is the key to unlocking our potential.” I agree, and as an operator within our industry, you need to attend The NATSO Show. When you attend you need to try, and when you try, you will unlock your potential.

Here are the top reasons why The NATSO Show is a great idea for independent operators.

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What You Missed in the Biz Brief This Week: November 13, 2013

Posted in: Industry Trends & News

In today’s information-overloaded business world, we often find ourselves deluged with literally hundreds of news items from dozens of sources. While it is likely impossible to read every article and remain productive, by not doing so we risk missing the one article that could change a key business practice or thought process. And that is where the NATSO Foundation’s newest publication, Biz Brief, provides assistance! The NATSO Foundation's Biz Brief is a daily collection of the most relevant business intelligence for truckstop and travel plaza operators.

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{NATSO News Weekly} November 11, 2013

Posted in: Our Legislative and Regulatory Issues

Voters Support Transportation on Election Day

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Grab Bars at the Toilet Mounted in Wrong Location

Posted in: Truckstop Business, Americans with Disabilities Act

As we discussed last month, restrooms are a key area to focus on when providing accessible facilities to your patrons. In addition to the requirements for the location of toilets, there are requirements for locations of grab bars. Grab bars that are mounted in the wrong location vertically and horizontally are on the list of the top Americans with Disabilities Act (ADA) compliance issues seen in truck stops and travel plazas.

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