Friends And Family In Business
Have you seen that postal that says "No friends and family in business", probably you've come across it on any store, alongside "No credit today" 😂, you'll think maybe tomorrow you can come take credit, but tomorrow the signage is still standing and it's never taken down, so everyday there is no friends and family in business and no credit. Well everyone in business knows how it hurt to run at loss especially when people are inconsiderate. Everyone has a soft spot, however that kind gesture may bring the downfall of the business, just like constantly lending out money, without sure refund.
Friends and family are used in signifying people who are dearest to you. At one time or the other, they mean a lot to you and you also to them. To you, they are irreplaceable and you just want to see the relationship strive to better and better on the long run. However friends fight and looking back at history, there are only two things strong enough to break years of friendship, I mean, those guys you always see together and it feels as though they can't live together. There are only two things strong enough to break it comfortably and that is love and money.
I don't want to dwell so much on love, so I'll skip to the money aspect, sequel to the topic it's clear we are talking about improving our finances, so I'll quickly drive there. Well for love, two best friends can be in love with the same guy or the same lady, and that is likely to cause a competition, a competition that would really hurt one at the end of the day. It takes a really matured mind to accept defeat and still be friends, cause the normal human would feel embarrassed and lesser, thereby trying to gain back ground and prove your worth, fights are bound to break out. Silence and acceptance is the easier route, but it's my friend we're talking about, do you want him to mock me?
The next big force able to break away any form of friendship is no doubt money. I guess the movie industry has done justice to this claim already, by showing us countless movies of betrayals and back stab all cause of greed, money in general. Everyone want money, oh everyone needs money, it's a strong hold on the world today. Money, money, money. I don't joke with my money, Do you joke with yours? Of course you shouldn't. Even families break out for money, how much more friendship.
How serious are you to pay back your friend, come on be sincere. Have you not hope and dreamt he or she tells you never to mind paying back anymore. If a stranger and your friends are calling you to pay back instantly, and you have a cash to sort out only one of them, which would you likely sort out and which other would you ask for more time. Of course your friends would have to bear with you right, it doesn't matter if he needs it urgently or not, cause that friend wouldn't embarrass you as the stranger would, or let me rephrase that, that friend shouldn't embarrass you, cause history has recorded some crazy twist, where the best friend turns bad. Lol.
Ok, we are still going, now what happens when that friend has no choice but to keep pestering you into paying back and you can't pay back yet? Ok let me help you think deep. The mind begins to think there is something going on sometimes, especially when you feel the friend doesnt need back the money and is just being wicked to you. Why can't you give me more time. Why can't you just do me that one favour, what do you want me to do. This constant pressure would most likely lead to overthinking and then to disappointment, then to anger. Finally you're pushed to the way and have to find a way to pay it back regardless cause that friend Keeps pestering.
Already this feeling creates a rift, you now besr this in mind, he begins to hide how he or she enjoys her money, cause you'll say,so you can't lend me money, but you can enjoy at a restaurant, but you can buy a car, but you can spend on your girl, in fact almost all regular spending would force you angry, the friendship is at a verge of fully collapsing, meanwhile you forgot that you swore to pay back and that friend only did you a favour by borrowing you the money. Now he or she is the enemy, it's the due time to pay what did you expect, change the contract, of course they would ask for their money, it hurts them more that they can use their hard earn money as they should and now that money has cause a fight with their best friend. Who is wrong?
As the one who needs the money, it's best to learn you to take that close person seriously, if you're saying to pay at a particular date, make sure to try your every best to meet up, better still you can be transparent, let them in on the progress that you're making to ensure you compensate him or her back for the good gestures. Never make it seem as though, he is your friend so he should understand and not bother till you're ready, that is taking the person for granted. Haven't you worked into a store and see the signs "No friends and family in business ", business are generally governed by rules, if you're faulting the rule then you're being wicked to the giver. its money landed so its business, treat it as such.
It's safe to let out what you know you can lose for friendship sake, when that friend comes to borrow, he or she is not thinking about the fact that this act is generally dangerous to friendship, but you know and can save it before hand by preparing your mind. What can you lose, in other words, if he or she can't pay back, you can keep easily extend the time or forget it completely without a fight. However In some cases they really need more than what you can comfortably spare, then its strictly business and you've got to be smart about this.
Know your friends, though you can never be too certain, but if you're willing to take the risk for friendship, you can do so. But make sure to beg the importance of the cash you're letting off. If the person is not trusted, then I advice you refuse. Even if he or she is trusted, it's still very risky to let go of more than you can spare comfortably. However it's your call to make, money isn't ruled by emotions, be smart with your spendings.
Thanks for Reading, what's your take?
I have a smal variety store and i made it clear to my customers that " i'm doing business and not charity". There must be some rules or terms of payment that they have to conform to. I allowed some to get some items in the store and pay me weekly or some every 15th or 30th of the month. Wether family or friends they should conform to avoid misunderstanding and broken friendship in the long run.