ST. CROIX INSIGHTS
I’m Done Asking for Permission
BY BRETT ANDERSON/ST.CROIX ADVISORS, LLC
We make choices every day: what to eat, what to wear, and who to spend our free time with. Shouldn’t we also choose to do business with good people whenever we can?
How to do business with good people
It can be a jungle out there, but in most cases, it doesn’t take long to figure out if someone has your best interest at heart or if they’re just trying to get what they can from you.
If you’re having difficult judging the character of a potential business acquaintance, ask yourself these questions:
- Are they helping you reach your goals, or are they only focused on their own bottom line?
- Are they focused on helping others or only themselves?
- Have they spent time understanding your goals or what you are trying to achieve?
- Do you have a genuinely good impression of the person based on your interactions, or are there red flags you’re not addressing?
If you know it isn’t right, don’t make the deal—and if you’re regretting a previous partnership or agreement, look for opportunities to form more meaningful connections elsewhere, and move on when you can.
Good people do honest work for honest pay
Just because someone makes a commission or fee, that doesn’t mean they don’t have your best interest at heart. Anyone who provides a great service should expect to be paid for that service. I don’t operate my business for free, and I don’t expect anyone else to either.
When you do business with good people, you’re happy to pay for quality. You have a clear understanding of what to expect, when to expect it, and what to do if you’re unsatisfied. The sands won’t keep shifting under your feet. And while you don’t have to be best friends with everyone you conduct your business with, you should at the very least respect one another during all your interactions.
Let’s face it: life is just too short to deal with people with unsavory business practices or ulterior motives.
Also, sign up for our eNewsletter blog that includes timely financial matters, news, and planning strategies that you can implement today.
Ask yourself- can my portfolio support my lifestyle in my retirement?