Good day, amazing people of Hive Blockchain. Welcome back to my blog. It is another edition in the #hivelearners community. I am so delighted to participate in this week's prompt, profit or ethics.
The main reason why people go into business is to make profit. The goal of every businessman or businesswoman is to make profit; nobody will go into a business without profit. Everyone is fighting against poverty, and everyone wants to be financially okay. Every business owner wants profit; that is why they invested in the business. As someone who has been into business for some time now, I believe that business is more than buying and selling; it is about the way we communicate with our customers and the way we treat them. Everything must not be about money. Most of the time, we are into business because of money; it is very important for us to prioritise our customers over profit.
Most of the people who are into business don’t care about the ethnic; all they are after is profit. They forget that a good name is better than profit. If there are people I am so afraid of, they are people who are after profit.
My mom will always tell me that too much of everything is bad. As a business owner, you should be able to balance the two and always use your head when doing business. The truth of the matter is don't be too ethnic to the point that you will sell below cost price, because if that business closes down tomorrow, people will mock you. I have a situation where I prioritised ethics more than profit. I was unable to restock that year, I was at a loss, and I had to borrow money to restock. That was when I realised the importance of balancing the two.
I understand that without this my customer will not make that profit, but I also consider myself whenever I am selling to them. I will never sell below cost price to make my customer happy. I am not after exorbitant profit because I always consider my customers as well. One thing about me is I don’t lie to sell goods; I am always honest with my customers.
As a businessman or businesswoman, it is very important to strike a balance; good ethics can really bring long-term profit. Most of my customers can’t buy goods from my neighbours because of the relationship I create with them; everything must be profit. One thing about wealth is you can’t get it at once; you have to grow it. One was not built in a day. Selling goods at a high rate for your customers will only scare them away, but if you balance the two, you will enjoy business.
We should find a way and balance the two; the combination of the two will help maintain a long-term relationship and a long-term profit.
This is my entry on the weekly prompts #hivelearners #hl-w175e1 topic profit or ethnic.
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