Petrogram - Spring 2011 - (Page 26)
attempted to circumvent the law. We successfully defended the constitutionality of the below-cost sales prohibition and successfully sued violators of the law to achieve compliance. We caused the development of reasonable convenience store security measures. We caused the development of reasonable UST regulations, contractor payment regulations, etc. We, year in and year out, preserve the funding for the Inland Protection Trust Fund.
The above accomplishments are not just notable – they are historic. Like other historic accomplishments, they were achieved through individual commitment, superior organization and excellent teamwork. Today is not a time to quit, let someone else do it, give less or just sit back and complain. The issues we are facing today are as big, or bigger, than the ones we faced in the 70s, 80s and 90s. Now let’s get up, get moving and help this organization continue to
do the job we expect of it. FPMA needs us, and we need FPMA. ❍ Mike Huey is general counsel for the Florida Petroleum Marketers and Convenience Store Association. He has been engaged in the area of petroleum marketing law for more than 30 years. Mike is a partner in the statewide law firm of GrayRobinson and practices in the Tallahassee office. His phone number is 850-577-9090 and his e-mail address is firstname.lastname@example.org.
A Vision for the Next Generation
Develop Talent Now for a Successful Future
hile incentives such as bonuses and profit sharing are important, recognizing achievements and building self-esteem are priceless. Some business owners procrastinate or avoid communicating their succession plans because they fear how family Brad Humphries, members and employees might react. Federated However, their silence may actually Insurance create more stress and cause harm to the business. Most employees – including family members – will feel more secure about the future if they know what to expect and how they will ﬁt in. It’s never too late to develop a business succession plan. But the earlier you start, the better. Estate planning experts agree that long-term plans to transfer businesses are generally much more successful than those “patched together” following the unexpected death or disability of an owner. Business succession actually begins with each employee’s ﬁrst day on the job. Think about it; whether he or she is one of your children or a high school student working part-time, that young person could someday be the head of the company. Experts agree – succession planning includes creating an environment that motivates employees to use their talents and skills to reach their full potential and contribute to the success of the business. Sounds simple, but how do you accomplish it?
Perhaps a mentor program or an apprenticeship is a good start. Talented young people are more likely to stay with the company if they feel involved in something bigger than their own job. It is wise to provide opportunities by matching experienced workers with newer employees to guide them as they grow in their roles. As employees gain experience, they become assets to your business and their value increases. Providing key employees opportunities to gain well-rounded business experience through cross-functional training and experience is admirable. This, no doubt, helps them become dependable managers who can make good decisions and take initiatives to improve operations. ❍
This publication is intended to provide general recommendations regarding risk prevention. It is not intended to include all steps or processes necessary to adequately protect you, your business or your customers. You should always consult your personal attorney and insurance advisor for advice unique to you and your business. © 2008 Federated Mutual Insurance Company. All rights reserved.
26 | View past issues of Petrogram online at www.fpma.org/publications_petrogram-magazine.cfm
Table of Contents for the Digital Edition of Petrogram - Spring 2011
Petrogram - Spring 2011
Meet Your New Executive Director
FPMA Chapter Meetings Are a Success!
FPMA Member Spotlight
You’ve Been Sued and Your Insurance Company Denied the Claim: Now What?
Out & About the Industry
How Health Care Reform Will Aff ect Your Business
Create Competitive Disruption Th rough the “8 Ps”
Index of Advertisers/Advertiser.com
FPMA Featured Advertiser Marketplace
Petrogram - Spring 2011