Lessons to learn on business matters.

BUSINESS MATTERS.

1. Don't sign a note for someone you barely know. Many of us make the mistake of vouching for others, strangers in the break sense of it when dealing with business matters or affairs. Some people even serve as a guarantor for a stranger that needs loan from loan companies. If the borrower probably run away after he collected the loan, the moan company will come after you and you will be in debt. Don't vouch for anybody you don't know closely when dealing with business. Some people will only be shown mercy as a result of your own goodwill. If you can't trust them, don't sign a note or vouch for them in business related issues.

2. Don't withhold repayment of your debt. One of the crucial thing to note in business is the payment of debts. Since debts sometimes is inevitable in business dealings. It's only right to repay your debts as a debtor unless you want to attract embarrassment to yourself and your family. Paying your debts show that you are an honored person who cares so much for your name. Sometimes it's unnecessary to incur debts. Don't incur debts on liabilities. Rather use your debt if necessary to finance and expand your assets. Through this you will be able to pay back what you owned from your returns. If you finance your debts on liabilities, you might find it difficult to pay back.

3. A Lazy fellow or employee is a pain and burden to his employer. Do you know of any lazy employee in a company or business organization? They're not always productive and look for flimsy excuses to cover up their laziness. Such employees are always a pain to their employers. A burden to be removed and sacked when they reached their extreme. No employer can cope with a lazy employee because such people drives a company backwards and limit the progress of the company. If there are hardworking people that are qualified to fill the roles of those lazy employees, the employers won't think twice before sacking them.

4. Develop your business first before building your house. Many may find this wrong but it's ideal you develop and let your business thrive first before building your house. House especially are liabilities because they don't bring you any income but they are also important as shelter is one of the most basic needs of man. But if you are at a crossroad at which you have to pick on building your house first and developing your business, it's always better to go for the latter. Because you can use the returns from your business investment to develop your house later in the future. When you finance and develop your own business first, you increase your assets and ultimately increase your wealth. When you decided to shun your business and go about building your house first, you are deliberating putting yourself up for a lot of expenses.

5. When dealing with your business, don't use dishonest scales or try to cheat people because of dishonesty. Many people are fond of using incorrect and dishonest scales in their business. Nobody delights in dishonesty. Don't try to rip off unnecessary profits from dishonest dealings with your customers or clients. Portray a spirit of honesty as you do your business and you will always attract the best customers and clients.