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.
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Of all the useful managerial tools available to retail propane distributors, none may be more underutilized than a well-designed, performance-incentive compensation plan.
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Heritage 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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When computer programs streamlined for propane companies hit the market, ReedGas chose its own route. Instead of buying another company’s product for its in-house programming, the southwest Louisiana propane business built its own from scratch.
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If you’ve been in the propane business for more than a couple of years, you’ve heard a lot of safety and accident prevention presentations.
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In his latest book blink, author Malcolm Gladwell (also author of The Tipping Point) examines how people make snap judgments. He is fascinated by how, in many circumstances, the snap decisions are better than those using more analysis and information.
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Family-owned propane companies are significantly more complex in their organizational dynamics than the traditional mom and pop label often used to characterize them.
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Family owned businesses are unique in personality, behavior and culture. They operate with the complexities associated with the three overlapping components of ownership, the business and the family.
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Work on the most expensive resource — time — and set goals for productivity and improvement.
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As an owner and/or manager of a retail propane business, you’re required to make many daily decisions involving employees. These decisions include all aspects of your operation and, when combined, reflect the direction and character of your company.
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The theme of introducing effective habits to improve your business is credited to the concept created by Stephen R. Covey, chairman of FranklinCovey.
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