The best of Drucker on propane
November 1, 2006 By Carl Hughes
Work on the most expensive resource — time — and set goals for productivity and improvement.
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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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It’s true. As one who spends my time analyzing businesses, I can say without question that a business that produces high-quality financial statements that have integrity and show the true financial performance of the company will bring more money in a sale than an identical business with sloppy reporting.
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The success of most every propane retailer can be traced to the hard-working, dedicated men and women who daily service customers on the front lines of those businesses.
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Don’t you wish your stockbroker could guarantee you a 30 percent or better return on your money year after year? If that were the case, you’d be crazy not to invest!
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How you structure your propane business could net you millions when you finally sell.
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Legal Ease is a new monthly column that will make you aware of isues you may need to discuss with your lawyer.
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