Are you financially motivated?
July 1, 2007 By Carl Hughes
I pose this rhetorical question to examine some of the decisions we make in our propane companies that fly in the face of reaching for maximum financial performance.
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I pose this rhetorical question to examine some of the decisions we make in our propane companies that fly in the face of reaching for maximum financial performance.
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Just as propane marketers nationwide had given up hope of squeezing a profit from yet another warm winter, a ferocious St. Valentine’s Day Blizzard punctuated a solid month of cold temperatures that saved a dismal heating season but wreaked havoc on the front lines.
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Seems just like yesterday we met as an NPGA task force to study alternative insurance options. In 2003 we published a white paper that referred to insurance industry cycles and future price reductions. We forecast lower premiums and more choices. It happened.
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In today’s volatile energy market, the successful propane marketer must know how to effectively price propane. It’s one of the most important skills for any owner/manager to hone.
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It looks like we’ll have plenty of inventory. Only it may not be in the right place.
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A problem in the propane industry today is that a lot of companies are struggling financially because prices are increasing, leading to higher accounts receivable balances.
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As January rolled into February, propane marketers nationwide were hoping for a prolonged cold spell to bolster what’s being called an average heating season with fewer gallons pumped and lower margins earned.
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An in-depth look at the numbers, trends, plans and concerns from propane retailers nationwide.
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The little gasoline pump icon on my dashboard lit up again as I pulled off the highway en route to work one morning last week.
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