What business owner or manager has not dreamed of having perfect employees? You know, the ones that come to work every day on time, perform their job competently and correctly, and stay with you for years. You can significantly reduce your turnover using these steps. 1) Compute the cost of your annual turnover. Why? It will give you the … Continue reading Blog- Reduce Employee Turnover
There is nothing more fascinating to me than family company dynamics. I’ve spent the past two decades smack in the middle of family issues within this industry saturated with 2nd, 3rd, 4th and even 5th generation owners. I’ve experienced first-hand the various degrees of love, hate and habit that occur at one time or another. … Continue reading Blog- Love, Hate or Habit
Should you sell your company today, sometime next year, maybe in five or ten years, or never? Several large players are making tempting cash offers to marketers who previously wouldn’t have dreamed of selling. Rarely a week goes by there isn’t trade press about another transaction. Should you stay in? Should you get out while the getting out … Continue reading Blog- Is There a Right Time to Cash Out?
One of the most critical questions any petroleum company executive should be able to answer is “What makes your company different and better than your competitors?” Unfortunately, many marketers see themselves in the commodity market and don’t have a differentiating product, service or feature. As you review this question, if nothing comes to mind, your company … Continue reading Blog-Stand Out From The Crowd
At some point in time, every marketer needs an exit strategy. For some, the family business will be gifted or sold to future generations. For others, however, they are counting on a fair price from an outside party for their years of hard work and dedication. If and when you sell your company, the difference between getting … Continue reading Blog- Maximize Company Value at Exit
What is the one thing you want most to get accomplished or know you need to do in your business? I bet you know exactly what that is. Think of that project. If I asked you if you and your team work on that project daily, could you honestly reply “yes”? If you are like … Continue reading Blog- Where is Your Focus?