Feedback Form
Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Is It Time to Reinvent Your Company/Career?



Is It Time to Reinvent Your Company/Career?
   

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 Company/Career? - To learn more about this author, visit Stefan Doering's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
About time we heard what the aging population can DO together
  Seems like everyone's always talking about the market opportunities emerging because of America's aging population. It's about time someone stopped talking about their buying power and more about their DOING power! ...
Lesson #4: Rejuvenate Yourself
  The man who at the young age of 27 launched his multi-million dollar career turned 80 this year. “In many ways, I’m younger than I was 20 years ago,” says Hefner.
Beware greenwashing your business
  Greenwashing, the practice of using the term 'green' just to score points, will fail you and your business.
Owning a franchise is a great way to become your own boss.
  Franchising can be a very effective way for you to get into business, just keep your eyes and ears wide open and ask lots of questions, the more you know about owning a franchise the better your decision will be.
Barrier to Growth Is Change Stressing You Out by W Vito Montone
  Change is on my mind. It is everywhere inside our own businesses. I mean EVERYWHERE. I recently remembered that I want it that way. But... there are definitely times that I forget. How do I forget you ask? Si...

Related Forum Posts Related Forum Posts
Re: 7 Sure-Fire Time Management Tricks To Get More Done Re: 7 Sure-Fire Time Management Tricks To Get More Done
No B.S. Time Management No B.S. Time Management
Books You Wish Had Been Written Books You Wish Had Been Written
Books that should be written Books that should be written
Tough decision.... Tough decision....
About That File About That File
Supporters vs detractors Supporters vs detractors
Your age? Your age?

 
About the Author


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 a professor 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.
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Stefan Doering's

Complete
List Of
Going-Green
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Stefan Doering's Complete List of Going-Green Articles For FREE!

More Stefan Doering
Is It Time to Reinvent Your CompanyCareer
Whats YOUR Sustainability Blueprint
Top 10 Environmental Issues into Business Opportunities
Become An Author