If you say you’ll pay in 30, pay in 25
IT sounds so simple, but it makes all the difference. Keeping your word is good, but over delivering is always golden, especially in matters of money and the heart.
The center of business is people. Most entrepreneurs tend to miss out this fact as they focus on strategies velopers in the Philippines, he told me the one key factor that made all the difference in making his business grow — he was the only developer in the industry who paid their suppliers and brokers on time, or even ahead of time. This is how they attracted the best people to work with for their business. True enough, 8990 Holdings remains to be one of the key players in housing to date.
Pay in 25
In the Philippines, a study conducted by our company, Acudeen, together with Dun and Bradstreet Philippines, showed that only 11 percent of Philippine companies
discipline is a good representation of how a company runs its business overall. Like a human body, if you exercise, you live a long joyous life, if you don’t take exercise, you mess it up. You have to run your company as you would run your life, keep your integrity intact and take care of the people you work with.
As an entrepreneur myself, I value my relationship with people I work with. Employees, partners, suppliers, shareholders, as much as possible, I’d do anything to keep my integrity end needs to be done. You can screw up your reputation easily, but it takes generations to build it up. Admittedly, I’ve made mistakes in the past, and there are relationships that I lost along the way. All entrepreneurs do, but this is how we learn.
It is true that not everyday is going to be a good day, and you will have to go through bad times, and at that point in time, you have to make sure that you keep your communications line regular and open. People will naturally become emotional and they would feel disappointed, but that always happens when people don’t meet their expectations. By keeping
- dence of your partners in you remains.
At the end of the day, the choice is for you to make. Luck you can try to create, but business practice is under your control. Your business will
have to make sure you maintain the highest level of business integrity, standards, and reputation for generations. This will protect you and ensure that you will have a business to hand over to the next one in line. So if you want to keep your legacy, it all starts by making sure, that if you promise to pay in 30, pay in 25.