Monday, October 22, 2007
Oil Price and You
Now that oil price has reached US86 per barrel, and I've seen some "experts" have predicted to go up to US100 per barrel.
This is an external event that you and me cannot control. So, there is no point in spending our energy in worrying about it. We should be focused and spend our energy and resources in looking at our business strategy, and see
- what implications has high oil price on my business? For example, the weak US Dollars
- what opportunities are there to capitalise on. For example, the soaring gold bullion price
- what tactical plan should I have to stay competitive, or stay in business
If you have done a business plan in the beginning of the year, you probably has a clear strategy to executive by now. However, if you still very much in reactive mode, then may be is about time to put planning into your business psyche.
Better late then never.
This is an external event that you and me cannot control. So, there is no point in spending our energy in worrying about it. We should be focused and spend our energy and resources in looking at our business strategy, and see
- what implications has high oil price on my business? For example, the weak US Dollars
- what opportunities are there to capitalise on. For example, the soaring gold bullion price
- what tactical plan should I have to stay competitive, or stay in business
If you have done a business plan in the beginning of the year, you probably has a clear strategy to executive by now. However, if you still very much in reactive mode, then may be is about time to put planning into your business psyche.
Better late then never.
# posted by Dr Roland Chia @ 12:08 PM 
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