How to lower petrol prices and support VLAD laws
Dear How Do I: Business?
I own a petrol station just off the Bruce Highway and theft has become a real issue lately.
Between the drive-offs and shoplifting I'm finding it hard to make the margins I need just to stay competitive.
Should I be investing more heavily in security? If so, what type? Should I get a human security guard or better CCTV?
I'm worried about the cost of either solution, but it's got to be better than how much I'm losing to theft.
What do you recommend?
Rob R Baron
Remember, the last thing you want to do is lower your prices - then the bastards have won.
Your first step in dealing with thieves is to increase surveillance, being sure to charge more to cover the cost.
Secondly, you want to have some kind of presence, so your suggestion of a security guard is a good one, being sure to charge more to cover the cost.
Thirdly, purchase one or two MPs to increase the jail terms for people who steal petrol, it shouldn't cost much.
Keep in mind you'll want to extend that new legislation to penalties for shoplifting things like magazines, milk or bread too.
Once you have all this in place, you'll be charging $3 a litre for petrol and nobody will be coming near you, which works fantastically because now you'll have a facility you can sell as a private prison.
If you're not premier within six years call me and we'll see what went wrong.
Who's ultimately to blame for high petrol prices?
This poll ended on 07 January 2015.
OPEC & Wholesalers
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