Honesty is one of the better policies

A young immigrant entrepreneur is quoted as having once said “You want to lose all of your customers? Lie to one of them.” Like most axioms, it is a battle hardened truth that the next generation enjoys ignoring, just as the previous generation did (and no, that is not an intentional dig at one of the elder presidential candidates, though this shoe fits snugly). All relationships are built on trust, including the primal relationship of commerce. Where our immigrant entrepreneur zeroed-in on reality is the all-and-everything mechanics of integrity, branding and markets. His conclusion was that if you lied to one customer, he or she would communicate to your others. This 20th century businessman, who landed in America before the First World War, understood buzz marketing, or at very least negative buzz. Give one person a reason to disbelieve you and soon everyone will. When members of an industry routinely … Continue reading