Sibling rivalries. Father–son power battles. Non-active vs. active shareholder issues. Patriarchs unable to relinquish the reins to the next generation. A family-owned propane company’s conflicts come in all types and variations.
Read More Family-owned propane companies are significantly more complex in their organizational dynamics than the traditional mom and pop label often used to characterize them.
Read More The universal goal of most family-owned companies is to see the business continue long-term and for it to be passed down from generation to generation.
Read More Family owned businesses are unique in personality, behavior and culture. They operate with the complexities associated with the three overlapping components of ownership, the business and the family.
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 You may lack family members willing to line-up in a succession plan. Or perhaps you’ve had your fill of coping with rocketing insurance costs, government regulations and endless days topped off by late-night telephone calls from empty customers.
Read More The family business and the family farm are not only a nostalgic partof our nation’s history, but a critical part of our national economy. That’swhy perpetuating the family business is such a crucial goal for so manypropane company owners across the nation.
Read More Hundreds of you own and run retail propane operations of all sizesand complexities across the country. I applaud your fortitude, your self-reliance,your focus on customer service and your fierce independence.
Read More Experts say two keys to fostering peace and long-range prosperity within a family business are open communications and planning for the owner’s retirement.
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