In her earlier email to me, she thought that my past experience and my family background is quite similar with her husband. And in fact, her husband is on the verge of filing bankruptcy after owing more than $100,000 to various debtors (including the credit card bills and loans from friends etc).
She just needs some advices, which initially I was not even sure I'm the right person to consult her. But then, I talked to her for almost one hour and realised her husband was in this state because of business. Her husband is operating a car rental business and has been spending quite a lot on entertaining his business clients, causing his downfall now.
Personally for me, if you need to spend thousands and thousands to woo these clients, these are really the 'indecent' guys! And seriously, I think it's not worthwhile to run a business, spend great pile to open up the bottles to ensure their clients are with you. As I'm not someone who entertain, I despise these people who need to be entertained before giving the deals. A simple dinner and a simple coffee are more than sufficient.
A lesson to learn: Do business with integrity and merits. Do not do business using or receiving 'bribes'.
I may not be an old businessman with many years of experiences. But I know good businessmen don't fancy such expensive 'bribes' and 'entertainment'.
1 comment:
Hi Koon Lip,
My friend Adrian Chay, a recent graduate introduced me to your course which led me to your blog.
I like your stream of thought on business ethics.
By the way, are you familiar with Andy? If I'm not wrong, he's also in charge of ERC. I've been wanting to get in touch with him but not much luck. He was my SAJC senior from way back.
Good luck and best wishes to you.
Sebastian
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