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Wednesday, August 10, 2022

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Invest in Your Expendability

Why you should build a business that does not need you
Why you should build a business that does not need you For many propane and fuel oil company owners, succession planning is a “someday” thing. As in, “I’ll get around to it… https://oilandenergyonline.com/articles/all/invest-your-expendability/

The Future Is Your Choice

Despite the energy crisis, we’re still in a seller’s market … but for how long?
Despite the energy crisis, we’re still in a seller’s market … but for how long? In today’s world, when owners are considering their transition strategy, there is a tremendous… https://oilandenergyonline.com/articles/all/future-your-choice/

This Is Personal

Don’t discount that side of selling your energy business
Don’t discount that side of selling your energy business M&A activity in the energy industry is at an all-time high. Whether it is the approaching retirement age of business… https://oilandenergyonline.com/articles/all/personal/

Are You Paying Enough to Compete for Employees?

Many companies plan to raise wages by more than 6% this year
Many companies plan to raise wages by more than 6% this year The energy industry has not escaped the nationwide labor crunch. A common concern we are hearing from our clients is… https://oilandenergyonline.com/articles/all/are-you-paying-enough-compete-employees/

Geary Promoted to Chief Legal Officer at Global

Fuel wholesaler Global Partners LP announced that Sean T. Geary has been appointed by the company’s Board of Directors to serve as chief legal officer, effective March 1, 2022.
Fuel wholesaler Global Partners LP announced that Sean T. Geary has been appointed by the company’s Board of Directors to serve as chief legal officer, effective March 1, 2022.… https://oilandenergyonline.com/articles/all/geary-promoted-chief-legal-officer-global/

9 Steps to Manage Your Way Through a Price Spike

How to prepare your company and customers for higher costs
How to prepare your company and customers for higher costs Crude oil and propane prices are at their highest level since 2014. The bargain basement prices seen during the… https://oilandenergyonline.com/articles/all/9-steps-manage-your-way-through-price-spike/

Adapting to a Shifting Energy Industry with the NEFI Energy Leaders Program

High-impact remote learning connects business executives with Dartmouth College faculty
High-impact remote learning connects business executives with Dartmouth College faculty The energy industry has been volatile for years — but with emerging geopolitical… https://oilandenergyonline.com/articles/all/adapting-shifting-energy-industry-nefi-energy-leaders-program/

Six Steps to a More Resilient Organization

Strategic planning provides direction in turbulent times
Strategic planning provides direction in turbulent times It has never been easy to run a successful energy company. But the array of obstacles lining up to impede the path to a… https://oilandenergyonline.com/articles/all/six-steps-more-resilient-organization/

Buyer and Seller Wish Lists

What each party wants out of an acquisition
What each party wants out of an acquisition Despite a global pandemic, fluctuating oil prices, tight propane supplies, and pressure from politicians pandering to the… https://oilandenergyonline.com/articles/all/buyer-and-seller-wish-lists/

NEFI & Women in Energy to Offer Harassment Awareness Training

Industry-wide program will deliver valuable human resources tools for liquid heating fuel business managers
Industry-wide program will deliver valuable human resources tools for liquid heating fuel business managers The National Energy & Fuels Institute (NEFI) and Women in Energy… https://oilandenergyonline.com/articles/all/nefi-women-energy-offer-harassment-awareness-training/

Diversification for the Next Generation

Energy business consultants offer advice on expansion and succession planning
Energy business consultants offer advice on expansion and succession planning Whether tomorrow’s homes are heated by renewable liquid fuels, electric heat pumps, or some… https://oilandenergyonline.com/articles/all/diversification-next-generation/

Gray, Gray & Gray 2021 Energy Survey Results

Fuel dealers are confident and prepared despite significant challenges
Fuel dealers are confident and prepared despite significant challenges Energy industry accounting and advisory firm Gray, Gray & Gray, LLP has released the results of its 30th… https://oilandenergyonline.com/articles/all/gray-gray-gray-2021-energy-survey-results/

We, the PPPeople (Part 2)

An update on industry participation in the Paycheck Protection Program
An update on industry participation in the Paycheck Protection Program The Paycheck Protection Program (PPP) was established in March 2020 to incentivize small businesses to keep… https://oilandenergyonline.com/articles/all/we-pppeople-part-2/

Staffed Through the Pandemic?

Your energy business may be eligible for an Employee Retention Tax Credit
Your energy business may be eligible for an Employee Retention Tax Credit The Employee Retention Tax Credit (ERC) was introduced in 2020 as part of the federal government’s… https://oilandenergyonline.com/articles/all/staffed-through-pandemic/

Know Your Worth

Ten factors affecting business value in the energy industry
Ten factors affecting business value in the energy industry The turmoil of the lengthy pandemic and global shifts in fuel supply has impacted many aspects of the energy industry.… https://oilandenergyonline.com/articles/all/know-your-worth/

A Buyer’s — and a Seller’s — Market

Six reasons for the heating fuel industry’s recent spike in M&A activity
Six reasons for the heating fuel industry’s recent spike in M&A activity As we all know, we are in a consolidating industry. We estimate that there are around half as many… https://oilandenergyonline.com/articles/all/buyers-and-sellers-market/

When Is a Customer Not a Customer?

Tips for maintaining an updated account list
Tips for maintaining an updated account list Every fuel oil and propane dealer loses customers, and each for a different reason. Maybe the customer sold their home and moved out… https://oilandenergyonline.com/articles/all/when-customer-not-customer/

Building the Right Team for Your Energy Business

Five essential values to seek when making staffing decisions
Five essential values to seek when making staffing decisions A strong team plays a critical role in the success of any energy business. Nobody can handle on their own the… https://oilandenergyonline.com/articles/all/building-right-team-your-energy-business/

Gray, Gray & Gray Launches 30th Annual Energy Industry Survey

Survey will collect data from fuel oil and propane marketers spanning April 2020 through March 2021
Survey will collect data from fuel oil and propane marketers spanning April 2020 through March 2021 Gray, Gray & Gray, LLP, a consulting and accounting firm serving the fuel oil… https://oilandenergyonline.com/articles/all/gray-gray-gray-launches-30th-annual-energy-industry-survey/

The Weakest Link in Cybersecurity

It might already be glaring at you from your computer screen
It might already be glaring at you from your computer screen Cyberattacks are increasing in frequency and sophistication. The targets of these attacks are not necessarily billion… https://oilandenergyonline.com/articles/all/weakest-link-cybersecurity/

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