Depending on how you handle your business, being an entrepreneur can either be a blessing or a curse. If you get an amazing workforce and build the right foundation, you will enjoy the fruits of your business when it becomes successful. However, if you are not careful and don’t focus on building the right foundation, your business is likely to fizzle out and die. When it comes to building a foundation, there are some issues that remain true across the board for all businesses. However, there are also those that differ from business to business. For example, if you are an entrepreneur in the trucking business, one of the core foundational issues for you will be taking care of the refueling of your vehicles. If your vehicles don’t have enough fuel, you will not be able to take your goods where they need to go. Thus, you will end up losing your clients due to inability to deliver and sooner or later you will need to shut down. To make fueling easier for such business owners, there has been an emergence of fuel cards. Since there are several companies in the market that offer these services, you need the following to help you choose the right one;
When choosing a fuel card, it important to find a provider that services the routes that your trucks use. This will make it convenient for you since your trucks don’t need to go out of their normal rout to fuel. You can also choose a provider for a gas station near your business headquarters and the destination of the trucks. If your trucks only need to be fueled twice, this is the best solution for you if you are on a tight budget. That way, you can fuel when leaving and on the way back. However, if you go for long travels, find a provider that has several sites along your route so that you don’t run out of fuel.
You also need to consider the price of the fuel. Some fleet cards usually charge you a weekly or monthly charge for a fixed price of the fuel. This price is usually lower than the retail gas station prices. This is very cost effective for your business as it greatly lowers operational costs allowing you to have a bigger profit margin. If you can get yourself such a provider, the better for you and your business.
According to entrepreneurshipsecret.com, using fleet cards for fuel can give you a lot of control over your charges. This enhances accountability in the business. You can control your charges by setting a limit either monthly or weekly. This way, if you don’t want your driver to spend above a particular amount they won’t be able to. If you know the amount of fuel your trucks use per week or per month and the amount of money it costs, you can just set that as your limit. This will prevent your drivers from taking advantage and overspending.