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8 Strategies for Effective Wealth Transfer in a Business Succession

A well-structured transition ensures that the entrepreneurial spirit, hard work and values and traditions of the founding generation are not lost
A well-structured transition ensures that the entrepreneurial spirit, hard work and values and traditions of the founding generation are not lost As the Baby Boomer generation… https://oilandenergyonline.com/articles/all/8-strategies-effective-wealth-transfer-business-succession/

What Do Drivers and Technicians Want?

Companies that can keep drivers and technicians happy won’t need to waste resources replacing staff that leave for greener pasture
Companies that can keep drivers and technicians happy won’t need to waste resources replacing staff that leave for greener pasture The 2024 Gray, Gray & Gray Energy Survey… https://oilandenergyonline.com/articles/all/what-do-drivers-and-technicians-want/

Long-Term Demand and Equipment Investments

How industry forecasts play into companies’ infrastructure investments and diversification plans
How industry forecasts play into companies’ infrastructure investments and diversification plans The energy industry continues to grapple with a key question: how long will… https://oilandenergyonline.com/articles/all/long-term-demand-and-equipment-investments/

Show Me the Money

A Primer on Financing Options for Acquisitions
A Primer on Financing Options for Acquisitions A business acquisition can be a pivotal moment in the lifecycle of a heating oil or propane company, offering the potential for… https://oilandenergyonline.com/articles/all/show-me-money1/

Get the Most Value from Your Propane Equipment Distributor

Propane equipment distributors now offer market knowledge, product demonstrations, business data, and much more
Propane equipment distributors now offer market knowledge, product demonstrations, business data, and much more You probably know exactly where to go for your favorite tank set… https://oilandenergyonline.com/articles/all/get-most-value-your-propane-equipment-distributor/

Tax Considerations for Multi-State Operations

Expanding your footprint adds layers of complexities to tax compliance
Expanding your footprint adds layers of complexities to tax compliance For heating oil and propane distribution companies operating across multiple states, navigating the complex… https://oilandenergyonline.com/articles/all/tax-considerations-multi-state-operations/

Developing a 5-Year Strategic Plan for Fuel Distributors

Success lies in balancing traditional operational excellence with innovation and adaptation to changing market conditions
Success lies in balancing traditional operational excellence with innovation and adaptation to changing market conditions The heating oil and propane distribution industry faces… https://oilandenergyonline.com/articles/all/developing-5-year-strategic-plan-fuel-distributors/

10 Ways to Leverage Advanced Analytics to Boost Profits

The key to success lies in choosing the right analytics solutions, ensuring data quality, and fostering a data-driven culture.
Energy dealers looking to position their companies for sustainable growth and success will do well by harnessing the potential of data-driven insights. Let’s look at 10 ways a… https://oilandenergyonline.com/articles/all/10-ways-leverage-advanced-analytics-boost-profits/

Gray, Gray & Gray 2024 National Energy Industry Survey Results

The keyword this year is “efficiency.”
The keyword this year is “efficiency.” Gray, Gray & Gray, LLP, Canton, MA (www.gggllp.com) a leading consulting, accounting and business advisory firm for the fuel oil and propane… https://oilandenergyonline.com/articles/all/gray-gray-gray-2024-national-energy-industry-survey-results/

9 Steps to Prepare Your Business for Peak Heating Season Performance

Act now to position your company to meet increased demand with exceptional service, and win this winter
Act now to position your company to meet increased demand with exceptional service, and win this winter I don’t have to tell readers of this magazine about the importance of… https://oilandenergyonline.com/articles/all/9-steps-prepare-your-business-peak-heating-season-performance/

Dispatches from The War Against Retail Petroleum

The latest skirmishes have popped up in Connecticut, Pennsylvania, Nebraska, and Florida. And in Florida, pump manipulation devices aren’t even illegal.
I wrote in the April issue of Oil and Energy Magazine about gas dispenser fuel thefts that manipulated dispenser pulsars in Delaware, Nevada and Texas. Not surprisingly, the… https://oilandenergyonline.com/articles/all/dispatches-war-against-retail-petroleum/

5 Important KPIs for Fuel Delivery Companies

Using delivery data to improve company operations.
Using delivery data to improve company operations. For a propane or heating oil company, monitoring and measuring the right key performance indicators (KPIs) is crucial for… https://oilandenergyonline.com/articles/all/5-important-kpis-fuel-delivery-companies/

How Tank Monitors And Other Tech Maximize Delivery Efficiency

Internet-connected tank monitors remotely measure fuel levels in real time.
Internet-connected tank monitors remotely measure fuel levels in real time. The Rise of Tank Monitors Tank monitors have been around for years and have only grown in… https://oilandenergyonline.com/articles/all/how-tank-monitors-and-other-tech-maximize-delivery-efficiency/

Choosing the Best Path for Your Family Business

Is your successor inside the family business, an outsider, or a white knight?
Is your successor inside the family business, an outsider, or a white knight? The future of your family business rests on a crucial decision: choosing your successor. This… https://oilandenergyonline.com/articles/all/choosing-best-path-your-family-business/

Three Family Businesses Did It Their Way

“It’s A Man’s Man’s Man’s World” according to James Brown’s 1966 song title. The lyrics contain the line “This is man’s world. But it wouldn’t be nothing, nothing without a woman or a girl.”
“It’s A Man’s Man’s Man’s World” according to James Brown’s 1966 song title. The lyrics contain the line “This is man’s world. But it wouldn’t be nothing, nothing without a woman… https://oilandenergyonline.com/articles/all/three-family-businesses-did-it-their-way/

The Many Benefits of Additional Bulk Propane Storage

Lower prices and reliable supply are just the beginning
Lower prices and reliable supply are just the beginning With summer coming into full swing, companies are beginning (or have already begun) to plan plant upgrades. With each… https://oilandenergyonline.com/articles/all/many-benefits-additional-bulk-propane-storage/

Assessing Acquisition Opportunities

A comprehensive approach considering financial and strategic factors is necessary when considering an business acquisition
A strategic acquisition can present a compelling opportunity for an energy business to expand its market share, enhance operational capabilities, and gain a competitive edge.… https://oilandenergyonline.com/articles/all/assessing-acquisition-opportunities/

What Speeds Up or Slows Down a Sales Process?

Seller information can make a merger or acquisition move more smoothly
Seller information can make a merger or acquisition move more smoothly When it comes to Mergers and Acquisitions, the transaction process timeline can vary widely based on… https://oilandenergyonline.com/articles/all/what-speeds-or-slows-down-sales-process/

Fuel Dispenser Pulsars Under Attack

The Latest Brute Force Threats to Your Business
The Latest Brute Force Threats to Your Business Garland, Heartland, Kemp, Canton, Mabank, Lindale, Palestine, Elkhart and Plano. These cities are all in Texas, but they’re not… https://oilandenergyonline.com/articles/all/fuel-dispenser-pulsars-under-attack/

These Benefits Can Help Improve Worker Retention

Start by finding out what your employees value
Start by finding out what your employees value In the evolving landscape of the business world, fostering an environment that nurtures employee satisfaction and retention is… https://oilandenergyonline.com/articles/all/these-benefits-can-help-improve-worker-retention/

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