by Study Groups | Sep 12, 2024 | Operations, Technology
Many Study Groups members are cautiously optimistic about the implementation of Artificial Intelligence (AI). From optimizing energy consumption to enhancing construction project management, AI can significantly improve operations. However, with these advancements...
by Study Groups | Sep 10, 2024 | Finance
One of the most useful, important, misunderstood and aggravating tools of the petroleum company credit department is the credit hold. This automated process, which is designed to interrupt the flow of product to your customer, is so critical it is often a priority to...
by Study Groups | Aug 20, 2024 | Finance, Operations
In the fuel world, it’s not uncommon to have a line of credit secured by receivables. While lines of credit can help with cash flow and allow you to take advantage of opportunities, they often have restrictions that prevent businesses from maximizing their...
by Study Groups | Aug 18, 2024 | Leadership
One question we hear from business leaders is: “How do we develop general managers so that they are fostering growth in their stores and develop their employees?” A great way to do this is through setting an objective for excellence by going from ordinary to...
by Study Groups | Aug 16, 2024 | Finance
As the Federal Reserve Bank raised U.S. short term interest rates in rapid succession from near zero levels at the beginning of 2022 to over 5%, there was widespread belief that a recession would soon follow. Instead, consumer spending remained strong and labor...
by Study Groups | Aug 10, 2024 | Leadership, Strategic Planning
Transitions between generations in family businesses are pivotal moments that shape the future of the enterprise. Recently, the son of a family business CEO approached me with a blunt question: “How can you help push my father out of the CEO role?” I...
by Study Groups | Aug 10, 2024 | C-Store, Finance
Lottery accounting sometimes seems complex because of the constant EFT’s into and out of your account. This guide aims to simplify the process and provide you with best practices to effectively manage and track lottery transactions. Online Lotto – Draw Games...
by Study Groups | Aug 2, 2024 | C-Store, Technology
A fuel dispatch software can either help optimize your business operations or it can make them more chaotic with complex interfaces, long implementation cycles, and half-baked features. So, how can you tell which of the many software options out there will do the...
by Study Groups | Jul 31, 2024 | HR
Hybrid work is usually defined as a flexible arrangement that combines remote work and in-office work. You may be thinking that hybrid work doesn’t apply to your company, but if you have multiple locations or if you consider your extended team of third-party vendors,...
by Study Groups | Jul 30, 2024 | Strategic Planning
Land O’Sun Management Corporation d/b/a Fast Track (the “Company”) was founded in 1996 when local businessmen Alan Fogg, Richard Rentz and Stephen Fogg purchased a chain of gas stations in Northern Florida. At the time, the stores were underperforming due to...
