3 lessons to REMEMBER LIFE when doing business with acquaintances, the last one hurts but it’s true!
Like most people, my work and income have slowed down a bit in recent years due to the impact of the pandemic. During that free time, I started thinking about businessdo small businesses to kill time and earn a little extra money for bigger financial goals.
There was a close sister who, when she heard about the business idea, offered to do business with me. At that time, I was still able to take care of the expected capital, but because of both respect and close relationship, I nodded in agreement to let her join without thinking.
The items that we intend to trade are fashion clothes and accessories such as earrings, bracelets, necklaces. According to the agreement, my sister and I will share capital 50: 50 (10 million / person) and divide all the work: I take care of import, packaging and operation; She takes care of the image, customer care. Because we are so familiar with each other, all of our work is exchanged by word of mouth or text message, without any specific documents.
However, the lover is not equal to heaven, because the world situation has many fluctuations, the ordered goods cannot be shipped to Vietnam immediately. 1 week, 2 weeks, finally a whole month has passed since the date of entering the wallet, customers have ordered a lot, the goods are still missing.
At first, the sister she worked with remained calm. Occasionally, she will ask me when the goods will come back in time to pay the customers. But after the capital “soaked” for a long time without making a profit, she gradually lost patience. Starting from the distant hint to the suspicion that the person in charge of the import – I have a problem. One side had to explain, the other kept asking questions – our sisterly relationship gradually cracked.
One day, when everything had reached its limit, the dear sister that I loved so much did not hesitate to ask me directly if I had taken her partnership capital to invest in something else (I was still has another business with much larger capital) and did not hesitate to withdraw capital.
The capital has been paid to the importer, when she asked for the money back, of course I disagreed. That made her believe that my suspicions that I had something shady in doing business together were grounded. The climax of the conflict, I proudly returned all the capital to her. Thinking that everything would end there, the sister “dealt” me a fatal blow with a text message: “Do you hold my money for a whole month without intending to pay interest?”.
In the end, the joint business collapsed, not only did I lose money on the goods that were being “soaked” but I had to take my money out of my pocket to compensate for her profits and cover all the preparation costs to open the shop. However, the thing that saddens me the most is that our relationship fell apart and could not be repaired after I forwarded the required amount of profit to her.
Through my own “bloody” story, I also learned a lot of life lessons when doing business, collaborating with acquaintances. These are the 3 most important things that everyone needs to know and remember in order to hope that money is not lost and the relationship is not broken when doing business together.
first.
Doing business together, spending 1k must also have a clear inventory
The biggest reason for the sister’s suspicion was that I didn’t have any clear documents for the expenses. I’m not the only one who makes this mistake, but almost everyone who does business with someone I know has made it.
When the love is still abundant, both sides consider the business partner as “family”, so money spent – received, spoken or not carefully recorded can all be “passed”. However, once the seed of doubt has been planted, no matter what you do and how transparent your expenses are, your partner will inevitably feel a lack of trust.
Money goes straight to the gut, no one can “close their eyes” with their money forever. Therefore, when doing business together, any small income and expenditure should be carefully recorded, compared and counted in the presence of both people. Money clarify, the new relationship can be sustainable.
2.
Choose who to partner with
There are several types of acquaintances, no matter how close they are. There are people who are really suitable to play with, confide in and share with, but not suitable for doing business together. The contrast in business thinking, for example, a person who always has the mentality of “eating a lot” and someone who just wants to settle down for a long time will cause conflicts and arguments. Not handled well, the relationship will have many cracks, when broken, the business will also collapse.
On the other hand, many people, because they mistakenly believe in you, have tasted bitter fruit when being deceived into investing, doing virtual business and then losing all their money.
To limit the risks, consider when choosing people to do business with. Carefully consider the factors of “gut”, their business thinking as well as other ethical qualities carefully before making a decision. Or more simply, if you feel you are qualified to run it all yourself, gently decline the offer of joint business. “Lost first, gain later”, only then will the joint business be stable, but emotions will not be affected.
3.
Know how to accept the truth
If you happen to encounter business failures, broken relationships, do not blame yourself or blame others. See it as an expensive lesson in both money and social relations on your career path.
Only when you no longer waver, stop arguing or tormenting about failures and lost things when doing business with acquaintances, will you draw experience for yourself and be stronger to move on to the next success. this.
Photo: Synthesis
at Blogtuan.info – Source: Kenh14.Vn – Read the original article here
