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When Respect In Business Matters....
Just as there is a growing lack of respect in society as a whole, respect plays an ever-increasing role in business.
In a world of shrinking margins, the days of the quick sale and one-time customer are gone. Securing repeat business is your future. Lasting relationships are based on respect, and business relationships are no different. The kind of respect that will strengthen your relationships has to do with respecting your customers, their customers, and yourself.
Perhaps the easiest way to see the power of respect is to look at how you react when you do not get any respect.
Let’s consider the facts.
The current disagreement is over whether Greece’s creditors will release another bailout installment to pay… Greece’s creditors.
From a strictly financial perspective, this is highly problematic. Were a bank take a similar approach, it would have to give explanations to the regulators. This is called ever-greening – give the client funds to pay you back, and that way you can pretend that the loan is on schedule. If the creditors fail to di…Continue