Gone are the times when running a business meant owning a store in your town market and selling goods on credit system to your loyal customers. Business today is more complex than ever before. First things first, capital is not everything is business anymore. There used to be a time when money was the key to running a business and only the rich and well off, those who were ready to take risks indulged in business. If you are a businessman, in order to be on top of your game you must stay updated with the daily happenings around the world. News and information is power and business is a power play. Here are the top ten reasons why staying updated with news is necessary for a business today:
Exchange rate and Stock markets.
The rate of the dollar to the currency of your country could be a game changer especially when international trade is concerned. Even if you do not deal at import/export, you must purchase or sell to someone who does and because of difference in exchange rates and stock market high and low your business could easily get affected. In order to be well prepared for your next move you need to keep a close eye on this one.