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Bad Debt Loans -A Four-Step Programme to Eliminate Debts.
Mr. Henderson would often think of times when he had a good
credit history and there would be a long line of loan providers
desirous of offering debt consolidation loans. Things took a
sharp turn after he underwent a few defaults and CCJs. This...
Cashing Out ... What Is Your Business REALLY Worth?
Question: What is your business REALLY worth? Answer: Whatever someone else is willing to pay for it at the time. That's a true statement as far as it goes but it doesn't take into account that the way you arrive at a value for your business can ...
Cheap Home Loans are not Available as a Readymade Potion; Need to Work to Make Them Happen
For most people in the UK, home loans necessarily connote cheap
finance. How can they not get cheaper finance when they have
offered lien on home to loan provider? Loan providers however
devise ways to overcharge borrowers who are not much...
Guide to Unsecured Debt Consolidation Loans
While approaching loan provider for an unsecured debt consolidation loan , there
were several fears in your mind. Many of your colleagues were
against unsecured debt consolidation loans because of the very
high rates that they come with....
Laws of the Business Buying and Selling Jungle
Jungle Law #1: Lawyers Are Deal Killers! There certainly is an important role for a competent commercial law attorney to advise and prepare the legal structure of a business purchase and sale transaction. The problems arise when lawyers see...
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Setting Boundaries: Business Clients and Boyfriends
by Ellen Zucker
Setting boundaries is necessary in any human relationship.
Whether you’re dealing with an overly demanding business client or a boyfriend with wandering hands, sometimes you just have to say “No!”
In fact, there are many parallels creating successful relationships with business clients and boyfriends.
For both, most problems can be avoided by laying down clear, straightforward boundaries.
In the business arena setting boundaries is done by negotiations, written materials such as rate sheets and brochures, and most important, contracts.
Good relationships enjoy a certain amount of give-and-take and compromise. But when demands become unreasonable, it is time to say put your foot down.
That is because human relationships work best when they are conducted with mutual understanding and respect. Intelligent boundary setting goes a long way to set up a structure where mutual respect can flourish.
Good relationships are based on an even exchange. Generally, the exchange is money for goods or services on the part of you and your business client. For the boy and girlfriends it will be a mutual emotional commitment.
A girl who gives her heart and soul to a boy who is looking for a ‘one-night stand’ is an example of someone who enters into an unequal exchange.
Is that situation really so different from a small business trying to break in with a large, high profile client who can pick and choose among many small vendors? It is not uncommon for some less than scrupulous large clients to seek out small hungry suppliers, give them orders large enough to monopolize their capacity, and demand all manner of concessions.
In both cases, the small partner, like the besotted young girl, wants the partner too much.
Ideally both partners in a business transaction want something
the other has to offer, but not too much. If you are the small business drooling at the prospect of the large order from an attractive client at a time when your sales are down, be careful. You are likely to have difficulty setting boundaries and give away too much.
In order to stand firm in your negotiation, you have to have a firm sense of your worth. Fake it if you must. Refuse to make any decisions on the spot if you don’t feel that you can trust your judgment under pressure.
Some clients, like some boy (and girlfriends) turn out to become demanding or difficult.
A designer is asked to perform a small, routine job. The client is not satisfied and asks for modifications. The designer complies. The client asks for more modifications. The designer complies. The designer complies. The client asks for more modifications. The client asks for more modifications …
This seemingly small job is quickly becoming costly. It is eating up the designer’s time and preventing him from working on other business.
Like a woman strung along forever by a partner unwilling to commit, this designer has to set boundaries with his client.
At this point, he can try to renegotiate the terms of his transaction to get additional money for his time. But if the client is unwilling, the designer has to decide between expending more time and effort into satisfying a difficult-to-satisfy client, or walk away from the job.
By setting boundaries, the designer can limit his losses in this not-uncommon situation.
About the Author
Self-Employment 101: It's about making a living and creating a life! ... Observations, information and resources for those of us who are self employed or just thinking about it.
Ellen Zucker is owner of http://www.selfemployment101.com and has been successfully self-employed for more than 10 years.
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