transaction is the easiest way of getting things done. This is the advantage the rich have, having what to give in exchange for what they need done. Take for instance, the massive work that goes on in Alibaba. I onced watch a videos showing the behind the scene sorting that employees have to undergo at a specific time so that the company can meet up with customer satisfaction.
money has been a bridge, a needed Tool to settle transactional disputes, those who have spent much time to study its underlying advantage keep growing in wealth.
You wouldn't be too surprised to know the rich need help most. Take for instance a big business like Alibaba that I earlier mentioned, if all its employees were to sign out in a single day, it's net worth will drop drastically. Committing employees to continue in production activities is very necessary here. Whether it is done hourly, and paid out by the day or at the end of the month, it has proven to be a worthwhile strategy. This is one of the proofs why businesses will continue to be in business.
source
I always like to look at things at a wider scale before breaking it down to where I can function. Committing is a business tool every entrepreneur should leverage from my personal views. When even talking between me and customers, those who commit me are the ones that I wouldn't want to disappoint at all cost. This action triggers conscience making me want to keep up with integrity. How then can I also use this to do business?.
I know some get paid at the end of the month, week or when the needed hours elapses. This is committing someone to some level. If you could recap my earlier statement with my customers; before delivery payment is another tactics.
This is something I have been considering when working with people. What makes them want to prioritize you? You have to commit them to what you need. This Christmas season is always very choking, I have been expanded beyond my usual this particular Christmas, it is one of those things, growing strong mentality and physical strength is a needed elixir to survive the journey of entrepreneurship. Readjusting my body to get things done has become my routine, working with people in and outside your office can be very demanding. It is necessary if you wish to deliver the best. You need to work with the best available.
So I had an urgent order from a customer, we are already choked up, nevertheless, you shouldn't spill out such a statement to a customer. I knew it was going to be some 'level of understanding' between me and my contract workers to get it done. The moment I placed such an urgent demand, I got a 'not very possible feedback'. I had to push further, it's not that I can't get this done elsewhere yet choosing those I work with is very mandatory. I had to press for the deal to go through.
source
There were many tactics they deployed to wear me out and I had to persist. One of such was a price increment per delivery, I had to bargain anyway and we landed at a convenient price. When we came to terms, my next move was to pay them even before starting production. The moment I sent them my payment receipt I knew I was good to go. They too on the other end knew that they had no excuse except to deliver on deadline. I understand the ethics of urgent service, pay your workers so they know they have to focus and deliver.
Everything went just as I expected, the customer picked up the order on the set date, all parties went home happy, yet I must add that I am the happiest of them all. Our workforce was challenged at that time yet I had to use the power of deal and beforehand payment to keep our reputation as a reliable business premises.
Any business that cannot handle unforeseen turnover will not be able to expand. It is at such instances that new and faithful customers are recruited. Sustaining business during a dry season depends on how you operated when you were in abundance. Who did you turn down in the process? Do you know their future intentions for your business?.
To conclude, let me add, learning how to get business done and done well is the duty of every entrepreneur. Business is a never ending relationship, it is something I keep telling people that although I am not married, I am neither single. Thinking of possible solutions to get things done in business is a price to pay. Deal striking is one thing, securing a fair ground that has hedge above disappointment is to commit someone or a team to get things done on time.
Posted Using InLeo Alpha