Last month, Compressed Gas Association Vice President of Operations and Administration Laura Brumsey joined Marie Ratermann on The Tipping Point podcast to discuss everything from changes in the industry to advice for emerging professionals. Below are some of the key takeaways from their engaging conversation.
Family-owned businesses are a cornerstone of the American economy, with nearly 90 percent of all U.S. businesses being family-owned or controlled. However, only about 30 percent of family-owned businesses successfully transition to the second generation, and even fewer make it to the third and fourth generations. Succession planning is critical for the longevity of any family-owned business, and it can be especially challenging for gas distributors.
Refresh your understanding of the critical preventive measures that have been shown to save lives by subscribing to our blog for a free download of our guide: Ratermann's guide to SB-26 & our reccomendations to prevent gas mix-ups.
Family businesses are the backbone of the economy, and the gas industry is no exception. Jack Butler, whose family has been in the gas business for generations, shares some valuable insights on how to manage a successful family business in this industry.
Succession planning is an important part of any business, but it is especially important for family businesses. In a recent podcast, Jay Brant of Indiana Oxygen discussed his experience with succession planning and the importance of having open and honest conversations with family members.