Don Quinn joined NATSO after serving as president of Sapp Bros. During his 30-plus year career at Sapp Bros. he held almost every job, which gives him deep insight into the multiple profit centers within a truckstop and travel center. He also served on NATSO’s Board and served as chairman for three years.
Cash flow is critical to a business’s success, and I always think of cash flow as akin to the blood in your body. If you run out of blood, you’re not going to make it. If you run out of cash, you’re business is not going to make it! Loans are one tool truckstop and travel plaza operators can use to maintain their operating cash flow, cover unexpected expenses or grow the business. More
This term cash management sounds simple enough to start, but it can be one of the most challenging and complex tasks in your business. Failure to have proper controls and safeguards in place can result in a disastrous situation that will likely leave you in trouble. However, there are several steps you can take to improve your operation and increase efficiencies. Let’s start by breaking this into several key areas. More