Energy Succession Planning- Fueling Business Succession Strategies
The oil, propane, gas, HVAC, and renewable energy industries have deep family-business roots. Families are diverse; whether you are blood-related or two or more people working together for reasons other than money, the bonds are strong in energy-focused business. We are experts in the complexities inherent with energy succession planning decisions and developing succession planning strategies, so your business is flexible and agile to respond to the constant environment of change.
Not to be confused with exit planning, succession planning provides solutions to overcome the possible, probable, and potential issues that impact your vision. Succession planning transforms your vision into reality, whereas exit planning ONLY considers the process of you leaving the business through sale or transfer. Business growth, developing next-generation leaders, treating family fairly, overcoming generational conflict, and transforming your business to meet customers’ changing preferences and economic pressures are a few of the common issues we partner with our clients to succeed.
We advise business owners on the 10 interdependent Succession Matrix® perspectives to position your business for growth, sell to a third party, or transition to the next generation. We leverage our more than 45 years of experience to provide clarity and a strong path forward when it comes to your energy succession planning.
Business ownership by nature is risky; succession planning, however, creates strategies and structure to put you in control. Our team of experienced energy succession planning specialists are here to make your family business succession a breeze. So what happens when you decide to take the next step towards the future you imagine…now?
Resources
Balancing Seasonal and Political Uncertainties in the Energy Business
Seasonality, inflation, politics, people, and technology are a few headwinds impacting fuel dealers, wholesalers, and service contractors in the energy space. We are often asked, "How can we create predictable revenues in an industry influenced by so many outside "threats?" In this episode, Doug Woosnam, a Consultant with Cetane Associates, [...]
Generate What You Want and Need from the Business
Hope is at the center of many dealers' business strategies. Hope that if they sell the business, the sale will return the cash they need to retire and support their dream lifestyle. However, many dealers have to show up with checks to pay debt and find a job to help facilitate [...]
How Successful Fuel and Oil Business Owners Protect and Build Business Value
Many business owners lean on the DIY approach to strategic planning, integrating family into the business, succession planning, and positioning their business for sale on the open market. Where entrepreneurs are sharp in many ways, without outside help, they often suffer from being able to see the trees from the [...]
Strategies to Attract, Retain and Motivate Employees
People are the backbone of any successful business, and business owners across all industries have difficulty finding qualified talent to fill open roles. No longer will people put up with toxic work environments or dead-end jobs; they want more for their future. In this episode, Marty Kirshner, Partner with Gray, [...]
Evolve with Change
The only thing that we can rely on to be constant is change. The political environment is forcing rapid change, as we’ve never seen before. Technology continues to evolve, forcing us to embrace it or simply get left behind. Demographics are changing with a record number of Boomers who are set to retire in [...]
Political Pressures: How Fuel and Oil Business Owners Can Protect Their Business
Political and social pressures continue to impact propane and oil business owners. In this episode, Champ Rawls, a succession planner with The Rawls Group, Marty Kirshner, Partner with Gray, Gray & Gray, Doug Woosnam, a Consultant with Cetane Associates, and The Rawls Group's succession planner Clayton Latiolais discuss how to [...]
The Succession Planning Matrix
The Succession Planning Matrix
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
