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Wednesday, May 31, 2023

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Heart & Mind

When a home comfort company excels at captivating and motivating buyers, it can grow its customer base, expand margins, and make money like never before.
When a home comfort company excels at captivating and motivating buyers, it can grow its customer base, expand margins, and make money like never before. If those outcomes… https://oilandenergyonline.com/articles/all/heart-mind/

Feeding the Talent Pipeline

Keeping a service team staffed with skilled technicians is a daunting challenge for some Oilheat companies. Many top technicians are nearing retirement age, and the ambitious, young technical minds that could replace them often gravitate to other industri…
Keeping a service team staffed with skilled technicians is a daunting challenge for some Oilheat companies. Many top technicians are nearing retirement age, and the ambitious,… https://oilandenergyonline.com/articles/all/feeding-talent-pipeline/

Prepare for Anything and Everything

Most of my clients have made money in the retail heating oil business over the last 12-plus months, and it’s no surprise. Two years of low product prices with plentiful supply, a “once in 100 years” winter last year that carried cold temperatures well int…
Most of my clients have made money in the retail heating oil business over the last 12-plus months, and it’s no surprise. Two years of low product prices with plentiful supply, a… https://oilandenergyonline.com/articles/all/prepare-anything-and-everything/

Secure Your Data Like It Was Your Home

Energy marketers need to store and move a lot of data in electronic formats to meet today’s customer service expectations and operate their businesses efficiently.
Energy marketers need to store and move a lot of data in electronic formats to meet today’s customer service expectations and operate their businesses efficiently. An… https://oilandenergyonline.com/articles/all/secure-your-data-it-was-your-home/

Depreciation: Yesterday, Today and Tomorrow

When you purchase new equipment or make improvements to your company’s facility, it is almost always best if you can take a tax deduction as soon as possible, preferably on your very next tax return. But that has not always been the case. Some capital inv…
When you purchase new equipment or make improvements to your company’s facility, it is almost always best if you can take a tax deduction as soon as possible, preferably on your… https://oilandenergyonline.com/articles/all/depreciation-yesterday-today-and-tomorrow/

Advice on ACA and Overtime Rules

Two of the most pressing challenges facing small and mid-size business owners today are the looming deadlines for Affordable Care Act (ACA) compliance and the pending changes to overtime regulations.
While your focus right now is on delivering heating oil and propane to customers and on keeping their equipment running through the winter, you still have to pay attention to… https://oilandenergyonline.com/articles/all/advice-aca-and-overtime-rules/

Emissions Scandal Triggers Investigations

When Volkswagon got caught cheating on emissions, it came as a huge blow to just about everyone – their employees, their customers and even the public. Volkswagen was a leader in clean diesel technology – how did this happen?
Right from the start, Volkswagen has built up its brand based on innovative engineering and technology. So when the company got caught cheating on emissions, it came as a huge… https://oilandenergyonline.com/articles/all/emissions-scandal-triggers-investigations/

Avoid Double Taxation When You Sell Your Company

The successful rebound of the retail energy sector over the past two years has led to a surge in merger and acquisition activity. Many dealers are looking to exit the business while their companies can command top dollar, and others are just as eager to a…
The successful rebound of the retail energy sector over the past two years has led to a surge in merger and acquisition activity. Many dealers are looking to exit the business… https://oilandenergyonline.com/articles/all/avoid-double-taxation-when-you-sell-your-company/

Managing Data Breach Risk

Data Breach is one of the fastest growing crimes in America, and the huge increase in high-profile data breaches should be a loud wake-up call for all business owners – big and small.
Data Breach is one of the fastest growing crimes in America, and the huge increase in high-profile data breaches should be a loud wake-up call for all business owners – big and… https://oilandenergyonline.com/articles/all/managing-data-breach-risk/

Nine Traits of a Successful Family Enterprise

Communicating effectively as a family and a business is essential
Communicating effectively as a family and a business is essential The Center for Family Business in the Peter T. Paul School of Business at the University of New Hampshire has… https://oilandenergyonline.com/articles/all/nine-traits-successful-family-enterprise/

Family Businesses Can Find Support

Centers at UNH and elsewhere provide helpful resources and networking
Centers at UNH and elsewhere provide helpful resources and networking Like many industries in the United States, retail fuel delivery and HVAC service are dominated by… https://oilandenergyonline.com/articles/all/family-businesses-can-find-support/

Does Your Business Need a Shareholder Agreement?

With a solid plan in place, ownership transitions can be orderly
With a solid plan in place, ownership transitions can be orderly We all want to think only good things will happen to us, our families and the people we know. But sometimes,… https://oilandenergyonline.com/articles/all/does-your-business-need-shareholder-agreement/

Companies See Better Results in Memorable Winter

Gray, Gray & Gray issues results of annual Oilheat survey
Gray, Gray & Gray issues results of annual Oilheat survey Gray, Gray & Gray, LLP Certified Public Accountants, of Canton, Mass., recently released the results of the firm’s… https://oilandenergyonline.com/articles/all/companies-see-better-results-memorable-winter/

Sealing the Deal

M&A Experts Offer Advice
M&A Experts Offer Advice Mergers and acquisitions are commonplace in the energy industry, and a panel of professionals with deal-making experience shared thoughts on the topic… https://oilandenergyonline.com/articles/all/sealing-deal/

Mixing Business and Family

Panel explores leadership, compensation, succession and more
Panel explores leadership, compensation, succession and more Family and business mix regularly in the energy industry, and company leaders face a unique set of management… https://oilandenergyonline.com/articles/all/mixing-business-and-family/

Is the Heating Oil Company Liable for Damage to a Home?

Document the cause and notify your insurer to improve your case
Document the cause and notify your insurer to improve your case The winter of 2014-2015 has already gone into the history books as the snowiest in New England’s history. Although… https://oilandenergyonline.com/articles/all/heating-oil-company-liable-damage-home/

How Much Should You Pay Family Members?

Sound policies and practices put business before family ties
Sound policies and practices put business before family ties Many companies in the oil and propane industry are family-owned businesses. The dynamics of a family business can be… https://oilandenergyonline.com/articles/all/how-much-should-you-pay-family-members/

HVAC Service Teams Train for Change

As companies diversify, service teams expand their skills
As companies diversify, service teams expand their skills Service managers everywhere agree that training is a great way to improve a company’s skill set, but the training… https://oilandenergyonline.com/articles/all/hvac-service-teams-train-change/

Working the Margins

Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications
Hedging experts offer advice on managing multiple uncertainties regarding price, weather and a patchwork of sulfur specifications Each heating season brings its share of… https://oilandenergyonline.com/articles/all/working-margins/

Optimizing a Website for New Customers

Make it easy for prospects to embrace you.
Make it easy for prospects to embrace you. By Richard Rutigliano, PriMedia Inc. The most successful energy marketers are masters of creating great customer experiences, and… https://oilandenergyonline.com/articles/all/optimizing-website-new-customers/

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