Deliver first and get paid later or maybe not at all

There seems to be a very common illness among local companies about making good on their promise to make payment. Talk to any entrepreneur or business owner and 8 out of 10 would tell you that they have suffered such a fate. This is especially true in the construction industry. That is the main reason for most projects getting abandoned or having switched sub contractors half way through the project. How do you tell? The sudden slow down in the progress of work. If the project is completed, you see that there are many defects and no one ever turns up to fix the defect works.

What needs to happen is this : stop it with doing things first and then get paid later. If you are serious about your business and your livelihood, insist on getting paid for your service first before delivering.

Be Alert in Business Prospecting

There is enough people out there who are all too keen to spot a young entrepreneur looking to make it big in the world of business. Taking advantage of such people would usually be people who are in the game of transacting "well fabricated" business deals for quick money or commissions. Sit around a coffee shop and if you listen carefully you may just happen to spot one happening. How do you tell? Usually from the body language and the typical style of how the conversation would go. First, it is all about who they know and how big the money is allocated for this deal. Next it would be about how hot this cake is and who else have gotten to know about it and are keen to get their hands in it. Next would be about how fast you can come up with the money to secure your position or deposit with them for entertainment budget.