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Wednesday, September 30, 2020

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We, the PPPeople

Liquid heating fuels well represented in list of Paycheck Protection Program loan recipients
Liquid heating fuels well represented in list of Paycheck Protection Program loan recipients The Paycheck Protection Program (PPP) was established to incentivize small businesses… https://oilandenergyonline.com/articles/all/we-pppeople/

Let’s Make a Deal (Post-Pandemic Version)

Lenders are ready to finance but social distancing presents logistical and personal obstacles
Lenders are ready to finance but social distancing presents logistical and personal obstacles The lingering effects of the COVID-19 crisis are impacting the way businesses in the… https://oilandenergyonline.com/articles/all/lets-make-deal-post-pandemic-version/

The Complicated Dynamics of Selling Your Company

There is no “template” for closing a deal, but there is plenty to consider
There is no “template” for closing a deal, but there is plenty to consider The ordeal of managing a fuel oil or propane business through the latest global crisis may have you… https://oilandenergyonline.com/articles/all/complicated-dynamics-selling-your-company/

The PPP and Me

A gas station operator’s personal experience with the Payroll Protection Program
A gas station operator’s personal experience with the Payroll Protection Program At close to a 35 percent sales loss and with no employees ready to work, being an essential… https://oilandenergyonline.com/articles/all/ppp-and-me/

How Coronavirus Has Changed Succession Planning

The old way is no longer enough to ensure survival
The old way is no longer enough to ensure survival The coronavirus pandemic has affected virtually all business segments, including energy. Even though the crisis reached its… https://oilandenergyonline.com/articles/all/how-coronavirus-has-changed-succession-planning/

“Net-Zero 2050 Road Map” To Be Presented at Virtual HEAT Show

NEFI taps global management consulting firm Kearney to develop strategic plan in coordination with heating fuel industry
NEFI taps global management consulting firm Kearney to develop strategic plan in coordination with heating fuel industry At the 2019 HEAT Show, more than 300 heating fuel… https://oilandenergyonline.com/articles/all/net-zero-2050-road-map-be-presented-virtual-heat-show/

2020 HEAT Show Goes Virtual

Free online event to feature live webinars, virtual vendor booths and video summit
Free online event to feature live webinars, virtual vendor booths and video summit The organizers of the 2020 Heating & Energizing America Trade Show (HEAT Show) have announced… https://oilandenergyonline.com/articles/all/2020-heat-show-goes-virtual/

Plan Ahead, Now or Never

Strategic planning is more critical than ever for energy companies
Strategic planning is more critical than ever for energy companies The demands of running a fuel oil or propane business today are more complex and are changing more rapidly… https://oilandenergyonline.com/articles/all/plan-ahead-now-or-never/

Managing Through the Coronavirus Crisis

How to mitigate the impact on your company
As bad as the winter was in terms of warm weather and lower fuel sales, it pales in comparison to the global health and economic crisis brought on by the coronavirus. For… https://oilandenergyonline.com/articles/all/managing-through-coronavirus-crisis/

4 Reasons to Take Our Energy Survey

For the past 28 years Gray, Gray & Gray has conducted an annual survey of energy retailers.
For the past 28 years Gray, Gray & Gray has conducted an annual survey of energy retailers. The results have created an industry-leading database of information and benchmarking… https://oilandenergyonline.com/articles/all/4-reasons-take-our-energy-survey/

Record Turnout for Women in Energy Conference

Tough talks and words of wisdom at the highly attended fourth annual event
A record number of attendees joined Women in Energy for their annual conference held Sunday, May 19 and Monday, May 20 at the Hershey Lodge & Convention Center in Hershey, PA. The… https://oilandenergyonline.com/articles/all/record-turnout-women-energy-conference/

Gray, Gray & Gray 2019 Energy Industry Survey Results

Retailers report better marketing, wider margins and bigger plans for the future
Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, Massachusetts, has released the results of the firm’s 2019 Energy Industry Survey. The survey, which has become a… https://oilandenergyonline.com/articles/all/gray-gray-gray-2019-energy-industry-survey-results/

Is Now the Right Time to Acquire Another Company?

Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and contribute to a stronger bottom line. But any merger or acquisition must be approac…
Acquiring another propane or fuel oil company can be a great way to grow your business. Expanded revenues and a larger geographic footprint can help boost efficiencies and… https://oilandenergyonline.com/articles/all/now-right-time-acquire-another-company/

Treasury Issues Final Rules on 20% Business Tax Deduction

In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole proprietorships, partnerships, trusts, and S corporations to deduct up to 20 per…
In January, the Treasury Department issued final regulations and other guidance on a substantial provision of the Tax Cuts and Jobs Act (TCJA). The bill allows owners of sole… https://oilandenergyonline.com/articles/all/treasury-issues-final-rules-20-business-tax-deduction/

Make a Good Year Even Better

Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated skiers by coming up short of expectations, temperatures did not disappoint.…
Another heating season has come to a close, and many fuel oil and propane dealers across the northern U.S. are pleased with the outcome. While snowfall amounts may have frustrated… https://oilandenergyonline.com/articles/all/make-good-year-even-better/

6 Signs You Should Sell Your Business

The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and guided for so long can be a difficult decision. There are practical considera…
The only thing harder than knowing the right time to start a business is recognizing when to sell it. Choosing to sell the fuel oil or propane company that you have nurtured and… https://oilandenergyonline.com/articles/all/6-signs-you-should-sell-your-business/

9 Steps to Preparing Your Successor

As a business owner, you want to build an organization that will continue to flourish after you have retired. That is particularly true in the fuel oil and propane industry, where family-owned companies are common. Yet the incidence of a family business b…
As a business owner, you want to build an organization that will continue to flourish after you have retired. That is particularly true in the fuel oil and propane industry, where… https://oilandenergyonline.com/articles/all/9-steps-preparing-your-successor/

Five Questions to Ask Before Diversifying Your Product Line

Diversification is not a new concept in the fuel oil and propane industry. Many — if not most — energy retailers have long ago moved beyond offering just fuel delivery. The reasons are many, including having a “backup” revenue source, maintaining a revenu…
Diversification is not a new concept in the fuel oil and propane industry. Many — if not most — energy retailers have long ago moved beyond offering just fuel delivery. The… https://oilandenergyonline.com/articles/all/five-questions-ask-diversifying-your-product-line/

RINderella – A Fuel Story

“How do RINs work and who profits?” Those were the questions Sandra Dunphy attempted to answer at the Southern New England Energy Conference, September 25. It’s a tall order for anyone, because the Renewable Identification Number (RIN) market is notorious…
“How do RINs work and who profits?” Those were the questions Sandra Dunphy attempted to answer at the Southern New England Energy Conference, September 25. It’s a tall order for… https://oilandenergyonline.com/articles/all/rinderella-fuel-story/

Boosting Benefits

Having a hard time hiring good people to work at your propane or fuel oil company? Struggling to keep experienced people? Welcome to the new world facing employers. The robust economy has made finding and hiring qualified workers a monumentally difficult …
Having a hard time hiring good people to work at your propane or fuel oil company? Struggling to keep experienced people? Welcome to the new world facing employers. The robust… https://oilandenergyonline.com/articles/all/boosting-benefits/

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