7 Basic Principles for the Company’s Financial Health (4)
# 5: Either sold or well-rotted
This is a popular saying among traders in fruit and vegetables, and means that you should never “bargain away” products or services of your company, only to sell “although it is something.” If you do not believe in the value of what you offer, your customers will not. Remember that your profit margin is where it goes to pay operating expenses for investment in the business, and ultimately, profits.
# 6: Never trust
One thing is give credit, and quite another to be trusted. If we intend to give credit to our customers, we must first see how many possibilities there that we do not pay (and if the company is poised to take that risk), and we must also have someone in charge of the collection, giving “weapons” to do their job, and signed promissory notes, receipts, contracts, etc. (because it is sure going to need). If we do this, we are simply trusting, and trustworthy is the closest thing to give your product or service (which by the way, we do not presents), and we have to spend time and money to collect (and perhaps someone else bought for cash could habérnosla) that distract us to be selling or taking care of business. It is a serious error as long stop trusting “sell.” Do not do it! You have not really sold on your product or service if you can not charge for it.