Expand Your Business
International business leader Levon Termendzhyan has been working in the gas, oil, and energy industries for several decades. The equity owner of Viscon International and Viscon USA, he began his entrepreneurial career by leasing gas stations as a teen. Since then, Levon Termendzhyan has owned several gas stations in Southern California and has expanded his family business to include several fuel delivery trucks and diesel truck stops throughout the area.
Many entrepreneurs struggle with figuring out when to expand their business. If expansion happens too early, the business might fail; expand too late and the demand may be gone. The following are several signs to help entrepreneurs recognize when to grow their company:
A Loyal Customer Base
When customers repeatedly return to purchase from the same company, it shows that there is a continual demand for the company’s services or products. This demand keeps businesses running as they attempt to expand. Additionally, it demonstrates that there is enough demand to support another location.
Strong Team of Employees
Expanding a business means employees must take on new challenges and more work. Due to this, they must be capable of handling the increased pressure. A weak team can lead to the ultimate failure of a company expansion, regardless of whether the business has a lot of sales or customers.
Cash Flow is Positive and Steady
Sales alone aren’t enough to determine whether it’s time to expand a business but cash flow is. Positive cash flow means a company is making a lot of sales and getting paid on time. It is also is a sign that business leaders are managing their cash flow properly. This is essential for ensuring a business has the financial support it needs to grow.
Levon Termendzhyan, a titan in the energy, oil, and gas industries, divides his time between leading Viscon USA and Viscon International as equity owner and operating several commercial properties and truck stops in Southern California. Beyond that, Levon Termendzhyan is connected to two large oil companies in the United States and is tied to the liquefied natural gas (LNG) industry.
The cost of constructing and maintaining a natural gas pipeline is not always practical for some areas. Instead, these areas get their natural gas in the form of LNG. This clear, non-toxic liquid is created by cooling natural gas to about -260 degrees Fahrenheit. When cooled, the volume of the gas shrinks significantly. Thanks to this smaller state, transporting LNG is safer and easier. Further, gas in its liquid state with not ignite.
Once liquefied, gas is transported by various methods, including buses, ships, and trucks. However, the most common method of transporting LNG is using a large ship, also known as a tanker. These ships have super-cooler cryogenic tanks that contain the liquefied gas, allowing fuel delivery between international terminals. After delivery, the fuel is usually re-gasified, which returns it to its normal gaseous state.
Since he was a teenager, Levon Termendzhyan has been working in the oil and gas industry. Beginning his career pumping gas at a local gas station, Levon Termendzhyan soon started driving a delivery truck.
Mr. Termendzhyan eventually took ownership of several diesel gas stations in Southern California. He is now an equity owner in Viscon USA and Viscon International, the makers of Viscon, a clean-air fuel additive.
While the Global Climate Action Summit met in mid-September of 2018 to discuss the many ways that cities, states, and businesses can limit greenhouse gas emissions, biofuel advocates met a few blocks away at the Driving Decarbonization event.
At Driving Decarbonization, biofuel advocates discussed the benefits of low-carbon fuels standards in California. Biofuel advocates believe that similar fuel standards adopted in more states would increase consumer demand for biofuels.
After beginning his career as a gas station attendant at the age of 14, Levon Termendzhyan leased his own first gas station when he was 18 and started a fuel transportation company a short time later. Today, Levon Termendzhyan leads multiple companies in the energy sector, including Noil Energy Group, a fuel company that has partnered with Native American tribes to build diesel stations on tribal lands. Recently, he spearheaded Noil Energy Group’s entry into liquid natural gas (LNG),
The LNG market has been red hot for several years now, driven largely by massive demand from Asian countries, such as Japan and Korea. China has also played a large role in the global LNG boom as a result of a government plan to significantly reduce the country’s reliance on coal.
Despite the predictions of some observers, the LNG market shows no signs of slowing down despite the tariff battle currently taking place between the United States and China. Some analysts had predicted that the proposed tariffs and potential trade war would slow down manufacturing in China along with demand for imported goods by both countries, which could translate to lower energy needs.
However, recent numbers indicate that China’s insatiable demand for LNG does not seem to be diminishing. Instead, some observers suggest that a serious tariff battle will open the door for other producers to take over the China market currently dominated by US producers. This could even result in a global LNG deficit within a few years if new production facilities are not brought online in the near future.