
Motivate with incentives
August 1, 2008 By Carl Hughes
Of all the useful managerial tools available to retail propane distributors, none may be more underutilized than a well-designed, performance-incentive compensation plan.
Read MoreOf all the useful managerial tools available to retail propane distributors, none may be more underutilized than a well-designed, performance-incentive compensation plan.
Read MoreWhenever someone is perceived to exaggerate probability and consequences, they are accused of making a mountain out of a molehill. This catchphrase is usually applied when bean counters and actuaries point out the cost of addressing some problem that seems unlikely to occur.
Read MoreFerrellgas Partners has withdrawn its membership from the National Propane Gas Association (NPGA) over claims of inequity in service provided to major retailers and independent marketers.
Read MoreResidential real-estate experts have known for years that dollars invested into existing homes for improvements do not return the same value when the homes are sold.
Read MoreSafety is often touted as a core value in the propane industry.
Read MoreThe propane industry has targeted 2010 as the year the agricultural industry recognizes propane as the preferred energy source.
Read MoreThere has been a lot of press in the propane industry lately about the new manual and training DVD prepared by PERC regarding static electricity or static discharge, which can result in an accident at propane-transfer sites. This potential hazard can occur during tank transport at the terminal, the bulk tank operations or at customer sites when cylinders and tanks are being filled. The new manual and training DVD describe why this is a risk that the industry needs to become sensitive to. It also spells out what can be done to minimize this potential risk to our employees and our customers.
Read MoreIf estimates hold true, the propane industry is poised for massive, off-peak market growth in the agricultural sector that could add 10 million gallons in annual sales.
Read MoreThe phrase corporate criminals evokes images of the high-profile financial meltdowns at Enron, Worldcom and Tyco, as well as the subsequent convictions of those corporations’ top executives. Criminal liability and jail time are not just reserved for jet-setting executives at Fortune 500 companies, however. Managers in the oil, gas and propane industries face the potential for civil and criminal sanctions from a wide variety of state and federal statutes. Given the often-complex web of laws governing these industries, well-meaning executives can find their company, or themselves, subject to criminal prosecution.
Read MoreHeritage Propane was founded in 1989 based on the principles of integrity, honesty and fairness. For nearly 20 years, Heritage has helped the owners of more than 150 companies transition from the day-to-day operations of their business to realize their financial and personal goals.
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