96% of my clients are family-run petroleum marketer businesses. #FamilyBusiness

In the past 37 years, I've seen lots of small oil marketers transition from one generation to the next.

The best, most successful ones that grow and thrive are the ones that trust their team and surround themselves with good advisors that can make their company bigger than they’ve built it. The ones that don’t trust anyone stay the same and eventually get sold off. If you put your trust in others you will grow and strive, if you don’t, you’ll sell out.

If you want to build trust within the company that lends itself to longevity, my suggestion is to build strong processes that are laid down on paper. 

99% of companies do not have their process modeled on paper, and this lack of communication leads to a lack of trust. Owners may not trust their employees or kids to do the job because the direction of the company hasn’t been communicated.

The best way to overcome this is to get all of your processes down on paper and standardize them so it will be easier for your kids to manage your business. Datanova can help with that.