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.
Like this article? Share it with your friends
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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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Dr. John OdaJohn Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
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Bernard ReberBack in late 1992, MS Access hit the streets. About that time the company I managed needed new software to handle their growing client base and I decided to try this new product. I had little difficulty writing and adapting a database to suit us and discovered a hidden talent for programming. A business was born. With business studies and 25 years of management experience in three different countries under my belt, I could offer a unique combination of skills and my customers agreed. From these humble beginnings my software 'invoiceit' emerged in 1999 and has since been taken to 49 states (hello Wyoming, won't you join us?), all across Canada and more than 70 other countries. From the very beginning the program included cashbook accounting, the simplest form of keeping financial business records. The Dictionary.com defines 'cashbook' as "A 'book' in which to record money received and paid out". For 'book' substitute 'simple software' and that's what I'm about. Now I have published Simple Accounting, an inexpensive spreadsheet solution which even you can master. For just $14.95 it costs less than a takeout meal! More at http://www.scrambled-card.com/simple_accounting_main.htm - Visit Bernard Reber's Website |
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 Stefan Doering (Visit Stefan's Website) Hi, my name is Stefan Doering. I work with Fortune 500 Executives, authors, entrepreneurs and students to help them achieve their dreams and goals as a master coach. I've been featured on the CBS Evening News, Good Morning America, The New York Times, Wall Street Journal, Bloomberg TV, and dozens more. I'd like to work with you -- and give you an opportunity to learn the secret of leading the best business, career, and life imaginable! I’m also an instructor at Columbia University with CERC, Center for Environmental Research and Conservation; a division of the world re-known, Earth Institute, teaching Environmental Intrapreneurism and Environmental Entrepreneurism.
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