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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 forest, which is the difference between hitting the nail on the head and missing the nail altogether.
In this episode, Doug Woosnam, a Consultant with Cetane Associates, Clayton Latiolais, succession planner with The Rawls Group, Marty Kirshner, Partner with Gray, Gray & Gray, and The Rawls Group’s succession planner Champ Rawls discuss what fuel dealers, propane marketers, wholesalers, and service contractors must do to protect their business and financial future.
0:00 – Energy Discussion Summary
0:51 – What Smart Entrepreneurs Do to Grow Their Business
2:01 – Why Vision is Critical to the Future
3:02 – Impact of Writing Vision on Paper
4:30 – Figuring It Out Creates Issues
6:08 – Relationship with Banker is Critical
6:48 – Personal Planning Influences Business Planning
About Rawls Succession Planners:
Business ownership by nature is risky; succession planning, however, creates strategies and structure to put you in control. In an ever world of change – business value, growth, and sustainability all depend upon the freedom of choice when the opportunity arises. The right amount of capital, the right people to lead, and the best business strategies to take action. Flexibility is a luxury. We are ready to go on this journey with you. Give us a call, and in 30 minutes, we will help you find clarity on your next steps. 407.578.4455. https://seekingsuccession.com/
#successionplanning, #energy, #propane , #familybusiness
Music provided by: https://www.bensound.com
The post What Propane Marketers Must Do to Protect and Build Business Value appeared first on HumanitasConnects.
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