Dear Friend,
Did you know that there are certain assumptions you are making right now that can lead to serious debt issues in your business?
Oh yes! When it comes to business transactions, assumptions are very dangerous because at the end of the day, what was thought may not actually play out as one planned it to be.
Generally speaking, assumption is something you accept as true without question or proof or proper analysis and critical thinking.
Let’s look at few of this assumptions………………..
For example;
- Assumptions that since a particular customer is a regular, they will always pay,
- Assumptions that your customer has the capacity to pay you no matter how much worth of goods or product ordered.
This particular one mostly happen to product-based business
- Assumptions that is better to move your goods to your customer as soon as possible and subsequently begin to ask for the money after wards
- Assumptions that every business transaction will always go on well, so no need to stress too much
- Assumptions that in your line of trade, there is a particular way business is done, anything short of that, you will end up with no customers
I can go on and on, and on.
All that I want to say is that, with all these assumptions how has market been for you?
How many of your customers have you had to practically chase and even begged to pay up for your goods?
In fact, maybe I should hit the nail right where it should be
If these assumptions were true, why are you currently experiencing debts in your business?
Why are your customers owing you?
The truth is, as the economy gets heighten as the day goes by, your business (especially product based) are more exposed to debt risk
What are you doing about it to mitigate (reduce) your risk exposure to debt issues before it consumes your business totally?
Think about it…..
Ps: The BDB PROGRAM is now taking applications for enrollment
Remember, Debts and business Transactions are two sides of a coin, therefore every business person must put structures in place to either totally avoid debt issues or reduce its risk exposure to the barest minimum.
This is worth thinking about.
Learn more about the BDB PROGRAM
Yours legal,
Precious Toju, Esq.
(Debt Recovery & Credit Risk Coach)
Visit www.asklawyerprecious.com to read more insightful blog post
