The Cost of Doing Business is About to Go Through the Roof
Here in Australia we’re going through our usual fuel price increases that happen just before major holidays. Lots of people are complaining and lots of people are suddenly finding that it’s costing them a lot of money just to move around their local area.
Unfortunately worse is to come and not just for Australia. Here analysts expect the price of fuel to reach $3.00 a litre by next year (and some suggest that it will get there well before next year). Other countries won’t escape the fuel price rises because demand has now far outstripped supply and the simple economics of supply and demand are cutting in.
So the price of fuel is going to impact on everyone because everything that we buy or sell relies on fuel for production and/or transportation.
So now’s the time to start identifying all the ways that the rising fuel price will impact on your small business. It might be something that is rather scary to do but it’s far better to be prepared than to leave yourself exposed by sticking your head in the sand.
