Hello to everyone in the Million Dollar and Broker communities! As always, I hope this message finds you all doing well and business is booming!
Especially if you live in California where fuel prices are above $4 per gallon, you're sure to notice the recent increases to your "bottom Line."
Due to scheduled and unscheduled maintenance to many refineries compounded by bad weather across the Midwest, fuel prices in CA have experienced an average increase of $.60 per gallon. Needless to say, that adds up and deducts from your bottom line!
What does this increase in price underscore? The following:
1. You may need to adjust your regularly pricing and/or add a temporary "fuel charge" for private pay and contracted work
2. You always need to ensure you have a "variable" clause in your agreements so you can adjust pricing as necessary
3. You need diverse sources of revenue that are not vulnerable to such fluctuations
Needless to say, with your broker business, you do not incur the $.60 increase in fuel. Your contractors will shoulder that variable cost.
Think BIG picture!
See you at the Top!
Joel E. Davis | 
