Posts Tagged ‘founder’
Systems Software, Inc, the world experts in the field of batch and crude pipeline scheduling announced today that after 13 years as the sole provider of pipeline scheduling to a major us oil company they have decided to enter the open market and expand their new product reach.
According to founder Keith Ferguson, “After an extensive evaluation, we decide that it is in our best interest to move our business forward and allow other major players in the oil industry to enjoy the benefits that have been almost exclusive to our client for well over a decade. Our newest version of SSI was developed in conjunction with real pipeline schedulers from around the world to fulfill all their requirements for scheduling a pipeline.”
Speculation from several industry insiders is that the software platform developed by SSIs founder and expert Keith Ferguson will not last on the open market long. Rumors of a buyout have been circulating for several months about suitors for the 29 year old company. According to users of the system there are no other platforms that work the way SSIs does and the implementation time is unheard of in the industry, a matter of weeks. There is only one other player in this field and they can’t even come close to the turnaround time one pipeline manager was quoted as saying.
According to SSI they have already received test pipelines from 3 large players in the oil industry and have been able to provide working systems that can be tested on site with the clients data. When asked about rumors of a partnership with another player in the energy market, SSI responded that they were unable to talk about any partnerships because of non-disclosure agreements. They did add however that their new product is written where any frontend or backend can be used not just the ones developed by SSI.
About SSI Scheduling
Systems Software Inc, is the world leader in pipeline scheduling. SSI has provided software support to the oil and gas industry in the SCADA systems and pipeline scheduling areas for more than 29 years. SSI helps clients operate their pipelines efficiently and profitably. Our professionals are experts in the areas of information technology, advanced complex problem solving and mathematics. http://www.ssischeduling.com
More than 70 percent of family-owned businesses do not survive the transition from founder to second generation. In most cases, the "killer" is taxes or family discord, both issues that a good family business succession plan can address.
Whether your company is one of the many thousands of family-owned businesses or it is a partnership, succession planning is sure to top your agenda next year. Why not think of it before you get to the point of actually planning to exit your company?
The issues that a succession plan will address, include:
- Determining the needs of the owner, business and important parties,
- Exploring the legal and financial options, including taxes
- Recording and implementing the plan
A good way to do address these issues is to have a succession planning session.
That’s right. As if you were actually going through the real thing, go through “what if” scenarios and determine how you can realize both your exit strategy and the value you deserve to take with you when you leave the company. Not only that, it will help you put the people in place that will ensure your company will make it to the next year and the next. Ask pertinent questions to ensure financial safety nets are in place for you and the business. And, finally, ensure that you record all of your planning to provide a road map for your retirement.
Succession planning goes well beyond one meeting. It takes a serious look at an owner’s desire to leave a legacy. It also will help resolve conflicts with goals within the company. For example, if the company is to be sold for top dollar, it will need a high business valuation. This is difficult to achieve if the company is trying to pay the least amount of tax possible (showing the least amount of revenue each year).
Succession planning also provides a window for junior team members to step up to the table and earn a position with the company. By starting early, it gives both senior and junior members time to determine what’s best for the future.
Legal and financial issues enter the picture and, in some instances, drive the succession plan. In one case, the partners decided on an aggressive five-year plan where they increased the value of their business substantially, sold it and walked away millionaires. For them, this was the best succession plan. What’s yours?
I’m excited about introducing this new blog channel to you. When I speak to clients and present at organizations, my message is one of “You can be successful and be yourself.” Life is truly too short to waste time acting like something you aren’t and building a business you can’t love every day.
The one remark I get over and over again is… well, that may work for you, but it won’t work for me because…
- I can’t talk like that to my clients
- My industry won’t allow it
- I have to be professional
- I have to be what people expect me to be
- It just won’t work
The truth is that you are being ‘you’ to some degree all the time. You may think you are fooling people, but you aren’t. And, if you are an expert and people love working with you, I’d venture to say it is because you are you.
These interviews will share insights about how people from various industries are being who they are, enjoying success, and reaping the rewards of being authentic.
My first interview is with Glenn Baldwin, VCFO (virtual chief financial officer) extraordinaire, and founder of ForesterBaldwin a Dallas-based VCFO company. Look for his audio download next week on our blog at www.trueyoumarketing.com.
Oh, and keep your eyes open for a Marketing Mojo article that shares ideas on how you can use a similar interview format for a marketing soldier for your company!

I moved from working in my business to working on my business!
I found a community of business leaders who make being in business a lot more fun and less lonely.
I now have a place to be open about my business success and future challenges