
Is it new or deja vu?
May 1, 2008 By John McCoy
A look back on the last 20 years shows industry’s similarities, differences
Read MoreA look back on the last 20 years shows industry’s similarities, differences
Read MoreHistorically, a number of consistently profitable operators in the retail propane industry have chosen to finance growth through their company’s annual earnings. This is an overly simplistic and, frankly, shortsighted view of how to finance growth.
Read MoreWith the price of oil topping $100 per barrel amid a sputtering overall economy, propane marketers and customers alike spent much of the 2007-08 winter heating season struggling to cover their costs. And while some regions saw record-setting snowfalls, bitterly cold temperatures, crippling ice storms and widespread power outages, other parts of the country experienced way too much warmth to pump appropriate amounts of propane.
Read MoreWell-designed marketing plans, orchestrated pitches to promote budget plan enrollment and established collection procedures for when customers fall behind are being touted as key solutions for propane retailers faced with payment shortfalls.
Read MoreThe rising cost of propane, coupled with limited federal home-heating assistance for low-income families, is not only putting the squeeze on customers but retailers as well.
Read MoreWith today’s heated competitive climate over ever-tightening American energy dollars, being an order-taker and sitting back waiting for the telephone to ring has gone the way of the malt shop, bell-bottoms and mullets.
Read MoreWhat are the critical challenges facing propane retailers, and how are they being addressed?
Read MoreThis column is dedicated to all of you who truly have an interest in improving your worth in the marketplace.
Read MoreMany family owned businesses in this industry do a lot of things very well, yet can blunder terribly when it comes to financial matters. These errors can cost the family significant value and prevent it from achieving the very goals it set out to achieve when the business was started.
Read MoreSibling 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.
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