Oklahoma Business #3: Love's and EBITDA

Hello and Welcome Oklahoma Business Community!

I'm excited to bring you the third edition of Oklahoma Business Newsletter, your go-to weekly update for the latest news, insights, and advice from Oklahoma's thriving business scene. We strive to inspire, inform, and engage business leaders by spotlighting local success stories, providing expert insights, and sharing essential growth and sustainability tips.

In this issue, it might feel like a little DeJa'Vu, but in fact we are featuring another Oklahoma based convenience store this week we're featuring an Oklahoma City-based company that has dominated the truck stop industry. I'll also share some essential business advice and update you on the recent news that may impact your business.

Featured Business: Love's Travel Stops and Country Stores

Love’s Travel Stops & Country Stores is a family-owned business that was founded by Tom and Judy Love in 1964 in Watonga, Oklahoma. The company has over?600 locations?in?42 states?and provides professional truck drivers and motorists with 24-hour access to clean and safe places to purchase gasoline, diesel fuel, travel items, electronics, snacks and more. Love’s Travel Stops & Country Stores has its headquarters in Oklahoma City, Oklahoma.

Love’s Travel Stops & Country Stores’s did $25 Billion in 2022 according to Forbs.

What sets Love’s Travel Stops & Country Stores apart? A solid commitment to employees and customers. By operating according to the core values of honesty, integrity, respect, and opportunity, the company can provide a safe and friendly environment while supporting various charitable causes as can be seen on their "Community Giving" page.

Love’s Travel Stops & Country Stores has been recognized as one of the best places to work by Forbes magazine. They are also listed as #10 on the list of "Largest Privately Held Businesses in America!"

Do you know about an Oklahoma business doing something worth talking about? Let me know so I can get them added to an issue!

Next Week: Sonic

Business Advice: EBITDA --What is it?

Ebitda might sounds like an exotic dish served up in an East Asian restaurant, but if you watch any business television shows you may know that EBITDA is actually a business term.

The idea is to have a uniform way to look at all businesses to make better judgments about what kinds of profits they have instead of hiding them the way bean counters like to do. EBITDA means "Earnings Before Interest, Taxes, Depreciation, and Amortization." It's a financial metric that allows for a more standardized comparison of companies' profitability by stripping away the effects of financing, accounting, and tax decisions.

EBITDA helps investors and analysts assess a business's operational performance, as it focuses on the core earnings generated by its operations. By excluding interest, taxes, depreciation, and amortization, EBITDA offers a clearer picture of a company's cash flow and financial health.

EBITDA isn't the only metric you can use to evaluate your business or a business you are looking to purchase, but it is one that makes easy sense. If you are interested in seeing some examples of EBITDA in action and hearing about how it can be used in your business let me know and I'll write something up!

Next week: Leveraging Data Analytics for Business Growth

Oklahoma Business News Roundup

• Peoria-Mohawk Business Park in Tulsa received national recognition this week at the Site Selectors Guild Annual Conference in San Antonio. The local park was awarded the Projects with a Purpose award for its commitment to sustained economic growth in North Tulsa3.
• Dewayne Gootee was named runner-up for Concrete Delivery Professional of the Year. “Dewayne always shows up on the job with a great smile on his face, ready to deliver our concrete in a precise manner,” said Jaime Martinez, RC Stemwall1.

Is there a news story you know about that I should share? Let me know!

Sources:

(3) Tulsa park named as winner of 2023 Projects with a Purpose. https://ktul.com/news/local/tulsa-park-named-as-winner-of-2023-projects-with-a-purpose?

(2) Business News Archives - The Oklahoma 100. https://theoklahoma100.com/business/business-news/2023/03/22/gootee-named-runner-up-for-concrete-delivery-professional-of-the-year/19971

That does it for the third issue! I hope you found the content valuable and exciting. Remember to share this newsletter with your colleagues and friends and encourage them to subscribe.

I look forward to connecting with you every week and exploring the diverse landscape of Oklahoma business together.

Warm regards,

Spencer Heckathorn

Techsico Information Technology LLC.,

https://techsico.it/