Friendship, no doubt is beautiful, but can sometimes be harmful to businesses. Many are faced with the challenge of turning down non profitable business offers from friends. We often find it difficult to say no to friends that want to buy goods on credit or friends that want our services for free because they are 'friends.'
Some youths today strive hard to learn skills that boosts their financial status, other youths seem to fancy the title 'CEO'. Are you really running your business on a purpose or are you running it for the sake of naming yourself a CEO (YOUNG CEO), the popular trend. If truly you are running your business on a specific purpose, then you need to read this.
Truly, family and friends are the first set of people you run to in order to patronize you and refer people. They are the ones you tag best customers because they are believed and expected to make your business grow. Unfortunately, these are people who will sometimes want you to sell to them on credit and even ask for free services. It is important to keep in mind that you do not owe family and friends free goods and services because of your personal relationship. You are not running the business with free money, you struggled for the capital and you've invested a lot; your aim is to get it multiplied and not to run out of capital.
Before introducing your business to friends, learn how to tell them NO on every demand of free services; remember you started with a capital.
It is true that they are the only customers that buy a lot from you but they are always delaying payment. Do you know you allowed it? Had it been you did not allow it from the start, they wouldn't try offering you that. Be bold! This is a business you run! Tell them NO!
A friend who truly wants you to go higher will pay for your services,they will make a good impact in your business. Even if they do not have the money to patronize you yet, they will help by creating awareness.
But nowadays,the type of friends we keep turn out to be insects that feed on the leafs and most of them are not ready to help their friends in every profitable thing they engage.
''Oh! I like this! Can you please sell it to me and I will pay you in 2 days' time?'' Tell them NO!
Some people might want to test you to know if you are going to allow it, if you fail the first test, and if you still do not summon the courage to say no, that's how it's going to be till you run out of capital. When you run out of capital and you have nothing more to offer, they will be the first set of people that will ask you why and go around backbiting you.
This is not limited to friends alone, family members are also included. Let your family members pay for the amount that will encourage you to render the services even if you are not going to gain from it, let them pay! Doing this will make them know you are really into the business.
One amazing scene is seeing your friends slaying with what they bought from you on credit and you are afraid to ask them of your money because you don't want the relationship between you and your friend to be disrupted. You should understand a fact: real friends will always want the progress of their friends. The business you run and your friendship are on a different race.
If your friends aren't supporting your business,there are other options left for you. Do you know the smartphone you are holding is a good implement for creating awareness for your business? Connect with friends on different social platforms and let them know you render a particular service.
Be good at what you do and your customers will always locate you!!
Empower yourself! Balance the books! Blow off a deal with someone you know you might later regret doing business with.
Don't trade your business with friends.
This is your future and you should give it all you can to control it. Take good care of it as much as you can.
Written by Abidoye Opeyemi Maryam.
Editor: Zaynerb.
Abidoye Opeyemi Maryam is a student of Obafemi Awolowo university, department of Linguistics and African languages. She's also a baker✌️✌️
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ReplyDeleteThis is so true....Thanks so this eye opening piece dear...More ink to your pen.
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