fuel BLOG - October 18, 2021 Gas prices may be climbing, but gas stations aren’t seeing the profits Gas prices are currently at a six-year high. It might be easy to feel frustrated with gas stations when you see the prices steadily creeping upwards. Especially if you’re managing a fleet of work vehicles on top of your own personal transportation. You may be surprised to learn that despite rising prices, gas station owners rarely turn a profit on gas alone. We consume a lot of gas. In the past two decades, gas consumption…
business expenses BLOG - October 4, 2021 North American Small Business Debt is Soaring Across Canada and the United States, small businesses are hurting from the financial ramifications of COVID-19. Even while businesses open back up, many are still struggling. Canada’s small business debt hits $139 billion. As of September, The Canadian Federation of Independent Businesses (CFIB) estimates that small businesses owe a collective $139 billion. Furthermore, the average business owes close to $177,000 due to restrictions and closures. In the hospitality and tourism industry, that number is closer…
waste BLOG - September 20, 2021 Waste across industries, No. 5: How to save your business money while recycling Does your business recycle? Although this has been common practice in residential homes since the Great Depression, many businesses do not have the knowledge or incentive to properly recycle some of the waste they generate. So, what is the incentive? Can recycling save you money? Part five of Schooley Mitchell’s five-part series. Over the past few months, we have looked at the cost of waste across several industries. Business waste disposal comes with a…
waste BLOG - September 7, 2021 Waste Across Industries, No. 4: Can exorbitant medical waste costs be avoided? Medical waste is an incredible burden on the healthcare industry. In the United States alone, between $760 billion to $935 billion is wasted every year through overtreatment, poor coordination, and other factors leading to waste generation. This issue has only grown worse with the advent of COVID-19. If your hospital, clinic, or healthcare practice is suffering under the financial stress of medical waste disposal expenses, there are steps you can take to optimize your procedures,…
waste BLOG - August 23, 2021 Waste Across Industries, No. 3: The true cost of construction waste Construction projects generate a lot of waste. In many cases, this waste in inevitable. However, it does have a significant cost. In 2018, the Environmental Protection Agency (EPA) found that the waste from construction sites was roughly double that of municipal waste from households and businesses in the United States. That amounted to 600 million tons! As we have already explored in our first issue of this series, those waste costs can really add up…
waste BLOG - August 9, 2021 Waste Across Industries, No. 2: Your business can take steps to reduce food waste expenses Any restaurant, grocer, care home, or other food services provider knows food waste is a big problem. In the United States alone, between residential, commercial, and institutional avenues, from 30—40 percent of all domestically produced food goes unsold or uneaten. In 2018, that meant 61.3 million tons of wasted food. That number is so gargantuan, it’s hard to picture what all that wasted food looks like. One thing is for certain: if your business deals…
waste BLOG - July 26, 2021 Waste Across Industries, No. 1: Why is waste so expensive? Depending on what industry you work in, your waste removal expenses are potentially a significant burden on your bottom line. Sure, you can reduce waste — but compromising the quality of this service isn’t really an option. Finding savings is possible, but first you must understand what goes into the cost. A five-part blog series by Schooley Mitchell. In the first of Schooley Mitchell’s five-part series on waste expenses across industries, we explore why waste…