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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/

The Imperative of Cloud-Based Data Security

Cloud-based solutions offer greater security, scalability, and access than traditional data management.
Cloud-based solutions offer greater security, scalability, and access than traditional data management In the dynamic and ever-evolving world of energy distribution, heating oil… https://oilandenergyonline.com/articles/all/imperative-cloud-based-data-security/

Innovative Financing Solutions for Energy Businesses

Growth capital doesn’t need to come from a traditional bank loan
Growth capital doesn’t need to come from a traditional bank loan As small- to medium-sized businesses (SMBs), energy retailers often face challenges when it comes to securing the… https://oilandenergyonline.com/articles/all/innovative-financing-solutions-energy-businesses/

Service, Support and Collaboration Separate Payment Partners From a Payment Processor

Fuel retailers and wholesalers can drastically reduce their out-of-pocket costs by collaborating with a payment partner rather than a payment processor to manage their digital transactions
Fuel retailers and wholesalers can drastically reduce their out-of-pocket costs by collaborating with a payment partner rather than a payment processor to manage their digital… https://oilandenergyonline.com/articles/all/service-support-and-collaboration-separate-payment-partners-payment-processor/

Capital Allocation Strategies for Sustained Growth in an Energy Business

Four ways to increase profits and market share
Four ways to increase profits and market share Capital allocation is the process of deciding how to allocate a company’s resources to maximize their impact and value. It is one… https://oilandenergyonline.com/articles/all/capital-allocation-strategies-sustained-growth-energy-business/

Is an Investment in a Bulk Storage Plant a Good Move?

First, determine if the benefits outweigh the risks
First, determine if the benefits outweigh the risks With the ever-changing dynamics of the energy market, heating oil and propane dealers are faced with new challenges and… https://oilandenergyonline.com/articles/all/investment-bulk-storage-plant-good-move/

Why You Need a Comprehensive Compensation Policy

Your most potent tool to retaining quality employees
Your most potent tool to retaining quality employees In the competitive landscape of the modern business world, the success of a propane or heating oil company, like any other,… https://oilandenergyonline.com/articles/all/why-you-need-comprehensive-compensation-policy/

Gray, Gray & Gray’s 2023 National Energy Survey Results Released

Staffing remains a challenge despite rising salaries, but companies remain optimistic about their futures
Staffing remains a challenge despite rising salaries, but companies remain optimistic about their futures Energy industry accounting and advisory firm Gray, Gray & Gray has… https://oilandenergyonline.com/articles/all/gray-gray-grays-2023-national-energy-survey-results-released/

Is Process Automation the Key to Higher Efficiency and Better Margins?

A more efficient company is a more profitable company
A more efficient company is a more profitable company As your energy business grows and expands, it is exponentially more important to maximize efficiency and productivity by… https://oilandenergyonline.com/articles/all/process-automation-key-higher-efficiency-and-better-margins/

Construction Begins at Massachusetts’ Utility-Scale Offshore Wind Project

Vineyard Wind moves forward with goal of 800-megawatt output
Vineyard Wind moves forward with goal of 800-megawatt output Vineyard Wind is currently building the nation’s first utility-scale offshore wind project off the coast of… https://oilandenergyonline.com/articles/all/construction-begins-massachusetts-utility-scale-offshore-wind-project/

Scripting a Successful Succession

Transfer of power doesn’t have to be dramatic
Transfer of power doesn’t have to be dramatic As far as television writers are concerned, running a family business is fraught with drama, with schemes and sabotage at every… https://oilandenergyonline.com/articles/all/scripting-successful-succession/

Who, What, How and When of Succession Planning

“Keeping it in the family” and keeping the family together
“Keeping it in the family” and keeping the family together The energy industry was built on the strong backs of family businesses. Many of today’s most successful propane and… https://oilandenergyonline.com/articles/all/who-what-how-and-when-succession-planning/

Buyers Don’t Buy What They Can’t See

Carefully preparing your company for sale can lead to higher offers.
Carefully preparing your company for sale can lead to higher offers. While the process of selling a business is similar for every company, the process of preparing for a sale can… https://oilandenergyonline.com/articles/all/buyers-dont-buy-what-they-cant-see/

It Pays to Plan Ahead When Selling Your Company

Secure your financial future, first.
Secure your financial future, first. The decision to sell your energy company is not an easy one to make. Whether you are a founder who has built up the business over many years,… https://oilandenergyonline.com/articles/all/it-pays-plan-ahead-when-selling-your-company/

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