My year started on a high with lots of expectations but as I was outlining plans for the year especially in business, I learned that the exchange rate has changed again and so I had to restrategize and drop some plans.
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The exchange rates have been terrible in this part of the world. 1 dollar now exchanges in excess of NGN1400. Its really a terrible situation which has had led to massive inflation. Everything is very costly now. Please what type of business are you into?
I import plant based oils.My clients keep complaining about the frequent price reviews.I have no choice but to increase prices so as to reflect current market realities.
Which type of business are you into? And what's your next big plan?
I am into sales of plant based oils and I am planning on restrategizing so as to still remain in business.
Be ready to face the storm, this is just January, tighten your seat belt, lolz.
That's just the way to go in a situation like this.