Hello friends, good day to everyone. I noticed something earlier this year and I really feel like sharing it here, I might not be a business expert but atleast with the few times I have done business, I know how it should be done.
Earlier this year, I was in need of a power bank because of this inconsistent power supply we are experiencing over here. I met this woman who happened to sell it in our street, so I asked if I could pay twice in installment while she still keeps the power bank pending when I am able to pay the remaining balance.
She turned it down, she told me she doesn't accept installmental payment, I left and went to the nearby shop, I offered the same payment method, the guy accepted it and he even agreed I could pay through crypto so I transferred 20 steem to his wallet.
So after 3 days, I was able to balance the money then took my power bank but fast forward to today, the woman had folded up due to her rigid method of payment. I heard others were complaining and she wasn't ready to adopt to the new business trend so she exited the market and that's really bad.
As a business owner, try as much as possible to adopt to new business trend, evolve so that your business will stand the test of time. Everyday, technology is taking over the economy space, be sure to let the traditional business practice and adopt the new trend now matter how small you think your business is, people need flexible method of payment in business and you can't deny your customer that, if you do, you are not just chasing them away but also preparing to fold up.
Get a POS machine, sign up crypto wallets, own as many utility token as possible, get an account that receives alert easily and make sure you are open to any method of payment else you will think loosing those small amount of money doesn't matter untill you notice you can't make good turnover. Ber eady to adopt to new trend, you will stay in business for long, allow your business to evolve and you will enjoy.
Many thanks to the Steem Entrepreneurs community users who shared the original posts. We hope your contributions continue to inspire and strengthen the entrepreneurial spirit in our community.
Kind regards,
Steem Entrepreneurs Team
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