The reputation of your business plays a very important role, often times most business owners and young entrepreneurs tend to overlook this aspect and simply focus on making more customers and so on. A business with a bad reputation would find it hard for others to trust them and even refer others to them.
Why you should seriously protect your business reputation
- Thread starter eldavis
- Start date
This prevents a business owner from going bankrupt. If he stains his business, there will be no customers coming. People in the community will never patronize a business that has a very bad reputation like kick backing and illegal pricing.
People are emotional in their buying patterns and choices. When a business has a bad reputation, people look at it with hatred and won't want to have anything to do with the business. They won't even patronize no matter how much quality the business has.
- Thread starter
- #6
That's true, for most persons they do not care about how good the services of the company or organization might be, the moment they start hearing things about it, they would rather move to another place they believe would give them peace of mind.
Usually many business owner who do not have a business background are not aware that the rich and powerful communities are extremely ruthless in making fake allegations without any proof at all, only to ruin their reputation, cheat, exploit the business owner for the rest of their life.
Protecting the business reputation is mandatory when it comes to holding customers and holding the good name of the business brand and business name, having good reputation will increase customers satisfaction and new customers will come to our business.
- Thread starter
- #11
True, there are some stores i have stopped buying from, and some persons i would never want to buy from due to their reputation. Like recently my sister bought fish from someone who stays at our street. She had some change left. The seller claim there was no change that they can come pick it the next day. Since then she has not opened. Even when they saw her at home and asked for the change, she got angry and said she does not have it, that until she opens. Someone like that i don't think i would want to do anything with her.
Your business reputation could just be the deal breaker that would give you some big customers. You should protect it with everything.
Protecting your business's reputation is essential because if customers discover that your business has a poor reputation, there is a higher chance that they will seek alternatives.
It takes really much for a business to break free from the effects of a scandal. Business reputation should be seriously guarded.
