In the 1970’s, many believed the world would soon be running out of oil. In the 1980’s I remember hearing that all the small family owned propane and heating oil companies would be gobbled up by a few large companies. Neither of those projections held true. The world is producing more oil and propane than […]
We Need to Keep Fighting
Many people think lobbying in Washington D.C. is unamerican and only protects special interests of big corporations. My experiences tell me just the opposite. Sure, big business wants to protect their interests, but many smaller family owned businesses need to protect their families, their employees and their industry. This point was driven home for me […]
After the Sale, what are they doing now
No one can predict the future and when it comes time for an owner to sell their company and move on to the next chapter in their life, it is a big step for them and their families. I caught up with some owners who sold their business and asked them their thoughts on looking […]
10 X E.B.I.T.D.A.
After years of preaching that companies can’t be valued by the gallon, owners are beginning to grasp the idea that companies are valued based on return on investment, usually in the form of a multiple of EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) AKA: Cash Flow or Operating Income. The valuation buzz at propane […]
How Many Stars do you Have?
Over the last few years I find myself purchasing more items online. Amazon knows me well and with two-day free shipping, I hardly go to the store anymore to pick up something other than groceries or a card for my wife’s birthday (which is usually the next day). Before I make my choice online I […]