For years, proper procedures and control reports have been provided by computer system vendors to insure the accuracy of input data and to balance inventory and deliveries on a daily basis. This data feeds into the general ledger and canned reports or report generators are available to provide clear pictures of what your business has done.
Read More Most propane managers tend to manage their business for the reality of yesterday. We often assume that past events will reoccur if we just wait for them.
Read More Changing market dynamics often lead to additional debt financing requirements for companies active in the LPG business. Management needs to access the required capital, at a competitive interest rate and with the best available terms and conditions while maintaining a capital structure flexible enough to respond to yet additional changes in the Company’s competitive landscape.
Read More A current retail propane industry debate is how to improve the efficiencies of retail operations. The prevailing logic is that to be a more successful company, it must be efficient, often through adapting technology.
Read More This is the fourth in a series on business topics inspired by the 20th century business management icon Peter Drucker.
Read More Results are obtained by exploiting opportunities, not solvingproblems. Fixing problems only restores a broken situation back tonormalcy; it does not create new value.
Read More This is the second in a series of columns inspired by the late management guru Peter Drucker. This month, we apply Drucker’s thoughts on the hiring and promotion process to the retail propane company.
Read More Implications of this redefinition of profits serve a useful purpose in the measurement of a retail propane company’s performance. The first purpose cited above is how we historically view profits — the excess or what’s left over after we have paid our bills. However, in the second point it may be that the profit is not sufficient to replace capital for worn-out equipment.
Read More Driven by requests for this topic and my interest to discuss only issues that will add value to retail propane businesses, I address the continued, flawed thinking in many companies that say if their gallons are up year over year, then they have had a good year.
Read More In early 2002, I addressed the penalizing tax disadvantages to propane companies that are structured as ‘C’ Corporations.
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