Is It Time to Reinvent Your Company/Career?
Is It Time to Reinvent Your Company/Career?
“We should be looking at oil in the $120-to-$150 area by the end of the year without any major changes,'' said Peter Schiff, chief executive officer of Darien, Connecticut-based brokerage Euro Pacific Capital, which has $1 billion in customer accounts, as reported by Mark Shenk at Bloomberg Newswire.
According to my calculations, that additional 20-50% increase in crude over the next 10 months would raise the price at the pump to $3.65 – $4.40/gallon, from its current price of about $3.15/gallon here in New York City.
And with world’s oil consumption increasing 2% per year, I’m not sure these prices will drop much for any length of time.
While this might initially appear as bad news, upon further examination, it might be quite the opposite. It can be a real opportunity to reinvent yourself, your business.
When any major change in the market occurs, shortly after the change comes new businesses, ideas, products and services to service it. For example, remember before the internet was developed?
A different world all the way up to the mid ’90’s, huh?
The key to success in business in today’s rapidly changing marketplace is:
· being on top of what is going on out there
· quickly adjusting and even reinventing your business or career accordingly
· not afraid of making mistakes along the way
Back to this week’s news about the price of crude: real business opportunities exist in alternative energy, selling carbon offsets, product/industrial design, energy efficiency consulting, alternative product materials (to petroleum based plastics, packaging, etc.) transportation, and on and on.
And by being ahead of the curve in reinventing your business / career, you can benefit from an early-mover position with state-of-the-art solutions to today’s market issues and trends and avoid being stuck with a business making buggy whips.
ACTION STEPS FOR THE WEEK:
Take a hard look at your business. How long has it been since you last reviewed how updated are your products and services?
What can you add to them to make your business more state-of-the-art? How sustainable is it? For example, how can you adjust your products/services to help the planet get off oil and onto more sustainable energy?
Do you need to “update” your education? Take courses, join groups, enhance your reading materials, etc.
Make sure the process of implementing this reinvention will not take your eye off the ball with your business.
Lastly, what habit will you introduce into your business keeping you on top of the market trends?
Is It Time to Reinvent Your CompanyCareer - To learn more about this author, visit Stefan Doering's Website.
Like this article? Share it with your friends
Recently the price of crude oil broke an all-time record, going over $101 per barrel.
“We should be looking at oil in the $120-to-$150 area by the end of the year without any major changes,'' said Peter Schiff, chief executive officer of Darien, Connecticut-based brokerage Euro Pacific Capital, which has $1 billion in customer accounts, as reported by Mark Shenk at Bloomberg Newswire.
According to my calculations, that additional 20-50% increase in crude over the next 10 months would raise the price at the pump to $3.65 – $4.40/gallon, from its current price of about $3.15/gallon here in New York City.
And with world’s oil consumption increasing 2% per year, I’m not sure these prices will drop much for any length of time.
While this might initially appear as bad news, upon further examination, it might be quite the opposite. It can be a real opportunity to reinvent yourself, your business.
When any major change in the market occurs, shortly after the change comes new businesses, ideas, products and services to service it. For example, remember before the internet was developed?
A different world all the way up to the mid ’90’s, huh?
The key to success in business in today’s rapidly changing marketplace is:
· being on top of what is going on out there
· quickly adjusting and even reinventing your business or career accordingly
· not afraid of making mistakes along the way
Back to this week’s news about the price of crude: real business opportunities exist in alternative energy, selling carbon offsets, product/industrial design, energy efficiency consulting, alternative product materials (to petroleum based plastics, packaging, etc.) transportation, and on and on.
And by being ahead of the curve in reinventing your business / career, you can benefit from an early-mover position with state-of-the-art solutions to today’s market issues and trends and avoid being stuck with a business making buggy whips.
ACTION STEPS FOR THE WEEK:
Take a hard look at your business. How long has it been since you last reviewed how updated are your products and services?
What can you add to them to make your business more state-of-the-art? How sustainable is it? For example, how can you adjust your products/services to help the planet get off oil and onto more sustainable energy?
Do you need to “update” your education? Take courses, join groups, enhance your reading materials, etc.
Make sure the process of implementing this reinvention will not take your eye off the ball with your business.
Lastly, what habit will you introduce into your business keeping you on top of the market trends?
Is It Time to Reinvent Your CompanyCareer - To learn more about this author, visit Stefan Doering's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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