They go up and they go down. They impact businesses and consumers alike. They bring out anger and frustration in just about everyone that sets foot inside a vehicle.
Yes, gas prices are one thing that most people despite their political views can agree on. In most cases, people would conclude they are getting hosed by the oil industry.
For the small business owner that is just trying to get by, higher fuel prices can mean added debt, less opportunity to grow their business, and a whole lot of frustration at the end of the day.
So, how can the men and women running small businesses stay on top of their company fuel prices and not be in done in by big oil?
One answer is turning to GPS tracking software.
The bottom line is GPS can tell the employer how far their employee/s went when behind the wheel of company vehicles, if they are properly utilizing their time while on the clock, and whether or not they need to consolidate trips.
In the event your company gas bills are adding up quicker than the U.S. medal count at the Summer Olympics, there are a number of benefits to having GPS software on your company vehicles.
- Decreased operating expensesÂ â Watching out for employee activities such as speeding or excessive idling not only saves on fuel expenses, but Â also decreases the damage done to company vehicles;
- Decreased insurance rates by some 35 percentÂ â A large number of insurance companies offer reduced premiums for companies that have vehicles with real-time GPS systems;
- Eliminating paper logsÂ â When putting in place a digital record, employers can monitor not only fuel costs and vehicle maintenance expenses, but also audits;
- Discovering unnecessary side tripsÂ â Many employees get a little frisky while out there with the company vehicle, perhaps deciding to take a little side trip here and there. As their employer, it is your job to remind them that they are on company business with the vehicle and not out running personal errands. A GPS system can log the mileage and location of the vehicle, making it harder for the employee to explain why it took them three hours to make a customer visit;
- Better customer response timeÂ – Lastly, a GPS system will show you whether or not your employees are meeting the needs of customers in a timely manner. You can also consolidate trips by having the employee meet with several customers in the same geographic area so that you are not making individual trips to each customer over several days, meaning more fuel costs.
With no sign in sight of consistently lower gas prices, it behooves the small business owner who currently does not employ GPS tracking in their company vehicles to consider it.
Remember, your profits are for the business you have been building, not for the oil companies.
Photo credit: customgpstracking.com
Dave Thomas has more than 20 yearsâ experience as a writer, covering news, sports marketing, SEO, press releases, social media and more. Youâll find Dave at:Â http://www.examiner.com/news-in-san-diego/dave-thomas