For some businesses and cultures, building relationships and trust before conducting business is essential. This is the initial stage of knowing the importance of these requirements in making a close deal or business with others, especially if these are foreign investors. It takes a matter of building a good rapport and impression to have a good business partner. That is how most businessmen want it to happen.
How do you feel about doing business being about establishing trust and relationships?
- Thread starter Shavkat
- Start date
That's right I agree with you, if we are going to build a business with funds from foreign investors, it is important for us to build good relations with investors to earn their trust. One way to build their trust is to welcome investors with a friendly attitude, and provide clear, realistic, and convincing business plan proposals.
Yes, trust is important in any business deals and transactions. Whether you are partnering with someone or selling products to a customer, the potential partner or customer must have trust in you or your products.
Trust is very important when it comes to conducting business. This is why it is very important to make sure that you trust trustworthy people in the first place and avoid dishonest people.
Trust issues is a factor that has hampered so many businesses. You must build trust among your customer base as a business person to thrive and grow in business.
- Thread starter
- #9
I am glad that you are agreeing with me. As they said, "The first impression will last for a long time if we do the right things with the foreign investors." I had seen this and it was so effective to ink a contract right away.
That's right, a bad first impression will make investors rethink investing their funds. Because they have lost respect because of a bad first impression, let alone mistakes that cannot be tolerated, for example: From the start they lied, from the start the goals and business plan proposals were not clear. etc.
Every person that is on business must prove himself or herself trustworthy for people to feel comfortable partnering and doing business with them. Trust is a vital component of business proceedings and an organization that has earned it grows rapidly.
I think that when it comes to running a business, trust is a major building block. However, many people betray others. Corporate scams are becoming very common and this is something that should be addressed and people should be careful about whom they trust.
You are right about corporate scams being on the rise nowadays. That is why people go for reviews before patronizing anyone be it online or offline. Trust is important to survive as a business person.
Seriously, it's going to be very difficult for me to do any kind of business with any individual that I can't trust. A lot of people can't be trusted with money.
