Tag: Business Growth and Expansion

#BGIM: Bless God It’s Monday- No Freebies to Family and Friends This Year

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#BGIM Bless God It’s Monday
No Freebies To Family and Friends This Year

Another Monday is before us and we bless God for this working week because we know that the Almighty God would Himself bless us through the work of our hands (Deuteronomy 28:12)

BGIM- NO FREEBIES to Family & Friends This Year

Yes!!! I said that. No freebies to family and friends this year. You might say I am not caring but #BGIM says that the constant, continuous and consistent freebies to family and friends is what is making your business not seeing the economic growth, profits and expansion.

Friends and family (F &F) are surely a backbone that every business relies on cos to have a safe mind to work hard, we need a safe mind socially. Hence, we all need our family and friends. But they playing vital roles in our lives, doesn’t mean they should get free things from our business or work to the detriment of our business.

A mother has a provision store. When her children come from school, each child picks any drink and biscuit of her choice, when her friends visit her at the shop, anything her friends buy she says they should take it for free not knowing that it is her business capital that she is losing. At the end of the day or week, when she balances her books, she would realise that she is around the same place she was the previous day, week or month with maybe marginal increases at times. Even in certain cases, the books show downward movement.

It is not that she is not supposed to give her children food (ie biscuits and drinks) as a mother after school, but rather because she doesn’t track how much is spent on that. If she is able to track it, she can control it so that the business does not retrogress but rather progresses.

She can make a fixed amount of things her children can take after school say GH¢ 3 and make sure, no child spends beyond that amount whilst keeping that as a record in her expenses book. Or she can say that when each child takes an item, he/she comes to show it to Mummy to record it in her book otherwise no more taking from the shop. And her kids would surely do so anytime they take. There are many many ways but I just love one way.

My Madam at school for whom I sell sachet water on her behalf to students pays anytime she herself takes from the ice chest. Woooowww!!! The owner of the business paying her for own service received.
Think about it.

#BGIM Bless God It’s Monday
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Have a Blessed Week and Remember NO MORE Freebies to F &F in 2018.

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