Annie, sus kasabot gyud ko anang imong pasabot like what we talked before hehehe
I think gipasabot sa # 6 aning Igorot businessman, it only applies to a Store ra siguro. Kay ang iyang giapas nga para mobalik pa ug palit ang kana nga customer. In a business man gud, the last thing you want to do is to upset your customer man gyud.
In my experience as a businessman, if a person needs your goods or services badly, he should be able to pay it in cash or you should devise a way wherein he can enjoy the benefits of the goods or services only upon full payment.
My wife had been doing the garments business for more than ten years. When the economy was good, and there were many customers (mostly entertainers), she did not mind accepting credit and it did not hurt much because the cash turnover was fast. Then Japan banned the entertainers and the economy started to skid downwards... She still tried to do business the way she did in the past, and she was weighed down by unsettled receivables. Although the amount of receivables is really huge, I told her that she would just be spending more money running after debtors (nga nangawala na) than collecting money. So I told her to stop and just look after the kids...
I have very low credit rate in my balikbayan cargo forwarding and translation business. If they don't pay up, I don't deliver the boxes. In my documentation and translation business, except for corporate clients, I ask for downpayment (half the agreed amount), and the balance when they receive the documents. As for goods, I deal only in products that can be sold in cash. And I replenish my supply only in quantities being ordered. By setting your business rules clearly, and in a friendly manner, I seek to keep my civility and business relations over the long run.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=12340.0