Buy for the time
Posted on February 26th, 2009 by Ahmed
Whichever business you are in, you can use the time and situation of the world to your advantage. For example, If you hear in the news that petrol prices are going to be pushed to a new high, then if your business uses many vehicles, you can fill all of them up before the prices are high.
That’s not the best example but I hope it gives you a good idea.
Another example. If you hear in the news that a Galaxy bar is going to rise in price, then buy 10 times more than you normally would. So when the prices increase a month later, you will make double the profit!
Simple, yet effective.
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