Higher steel prices impacting ROI
October 1, 2004 By Carl Hughes
Have you evaluated the impact that higher capital outlay will have on your return on investment?
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Have you evaluated the impact that higher capital outlay will have on your return on investment?
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I hope you’ll agree that one of the most exciting aspects of our industry involves the commodity side of the business and its unpredictability of both disruptions in supply distribution and wholesale propane price spikes.
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The tax liability created when retail propane business owners sell their company can be significant. The amount owed as the result of a sale is always an eye opener for shareholders of small businesses – retail propane companies being no exception.
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In the first column in this series we addressed the importance of having a business plan and we outlined three basic elements of the plan: In Taking stock of your company, In Setting your goals, In Creating the steps to take you through each.
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Even with the major national firms slowing the pace of acquisitions, propane dealers nationwide can expect continuing consolidation as independent marketers struggle to remain financially competitive.
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Business Matters is a new monthly column that will help add real value to your propane business.
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