If you have had success with selling the products in your store but would like to expand your customer base, it might be easier than you think. For example, you can think outside the box and attempt to attract customers who are unable to drive to your store due to a lack of transportation. You can follow in the footsteps of other businesses and offer delivery services, such as by hiring drivers to deliver the merchandise via your own fleet of vehicles. If you decide to invest in a fleet of vehicles, you should also invest in GPS tracking equipment to take advantage of the benefits. One of the benefits of GPS tracking equipment is that you can save money in various ways.
1. Target Risky Drivers Before an Accident is Caused
What you may not know is that GPS systems are equipped with more features than simply keeping track of the location of your drivers. You can also track how your employees are driving, such as whether they are driving in a fashion that puts them at risk of causing an accident. If one of your drivers gets into an accident, it could lead to a financial loss for your business if someone files a lawsuit. For example, if one of your drivers causes an injury collision while driving your business vehicle, the other party could sue you as the business owner. GPS equipment will give you the opportunity to monitor and terminate risky drivers before you end up in a lawsuit.
2. Decrease the Cost of Fuel for Your Fleet
When someone owns a fleet of vehicles, a lot of money goes towards the cost of fuel, especially if the vehicles are constantly driven. An effective way to reduce the cost of fuel is to plan the route of your drivers in a strategic manner. For example, you can use GPS tracking equipment to determine the most fuel-efficient routes for your drivers to take when making deliveries. The GPS equipment will let you and your drivers know the shortest route to each destination.
3. Reduce Excessive Wear & Tear on Your Fleet
Another way that GPS tracking equipment helps save money is by reducing the wear and tear on your vehicles. For example, when your drivers know the shortest routes to take while making deliveries, it means there is less driving involved. Reducing the number of miles that accumulates on your fleet of vehicles leads to less maintenance and untimely damage. Your fleet of vehicles will last longer before new vehicles are needed.
I have been a business owner for years, and I want to share some tips for success with new entrepreneurs out there who are struggling. I have had my share of business ups and downs, but there was one lesson that it took me way too long to learn: Good financial record-keeping year-long keeps tax time from being so stressful. During my first year in business, I kept most business expense receipts, but when tax time arrived, I found out that I needed to save much more than just those receipts. Thanks to technology, I was able to recover most of the documentation I needed, but it was a huge headache. I quickly invested in good record-keeping software and it made tax time much less stressful during the following years.