Have you ever gotten in your car and decided to just drive to a destination without a plan on how to get there? What streets would you take? Would you need to stop for gas? Would you need your GPS? These are just a few of the many items that you would need to consider…
Written by: Jeffrey Simpson (as seen in Fuel Oil News) Our financial advisory team works with fuel dealers of all sizes and we’ve pulled together our top tips as you review your capital needs and banking relationship in the off-season: Be cautious when making growth purchases during season. With the pressure on dealers to expand…
The highest priority of every fuel dealer is to make sure automatic delivery customers don’t run out of fuel. This is especially true during the winter months. During a recent interview with Gary Sippin of Sippin Energy Products, he mentioned: “the true cost of a run-out is grossly misunderstood.” This led us to explore the…
It doesn’t matter what industry your business is in; your customer data holds the keys to unlocking powerful information. It is the direct guide to your customers and your operation. This is especially true in the fuel industry. Most of the time you find yourself guessing about what you think your customers need or what…
As you all know, weather can dictate how profitable your company will be during the season. Some of you may already be familiar with weather hedging programs and may even have implemented them into your company’s strategy. While we still see many companies with misconceptions about weather hedging, the main source of this misunderstanding stems…
