Think Business 1) Trust & Contracts

Think Business 1) Trust & Contracts

Think Business

In order to operate a successful business, we have to get our minds right. Our way of thinking is the difference between success and failure. Our thoughts determine our actions. Mind patterns can be improved and changed to our benefit.

You are invited to explore the following four common-sense pillars of business with me:

  • trust
  • synergy
  • specialisation
  • customer experience
  • and then we have a look at accounting ...

Pillar 1:
Trust & Contracts

Trustworthy Business is Good Business

People need to be able to trust you to do business with you. All business is about entering into a contract. It is very hard to enter into an agreement with a party that you don't or can't trust to keep their end of the bargain.

If you want to be successful in business, make sure people can trust you to:
do what you promised
sell quality products and services at a fair price

Elements of a Contract

Whenever you enter into an agreement - you can use the diagram below to make sure that you cover all the aspects.

Pieter van Zijl, a retired Magistrate, once told me: "a contract is only as good as the person who signs it."

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