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Doing Business With Friends and Family 
 
by Dee Dee Smith September 23, 2005

Special Family/Friends Discounts

I know that it is very difficult not to give special favor to your family or friends, but this can also cause problems. Can you keep track of what discount you gave to other friends or family? Was it 15% or 20%? Who gets this discount? Is it just for first cousins or do third cousins qualify? People talk you know. And you can really upset folks by showing favor to one person and not to another. If you still want to do something for family and friends, I’d suggest making up some coupons for “first time customers” and handing them out to family or friends, or a “preferred customer” coupon that gives everyone the same discount. Whatever you do, be sure to be professional and consistent.

In God We Trust, All Others Must Pay

This is my new business motto. I saw a sign with this motto on it in a craft store one time and thought it was hilarious. Now, being a business owner, I understand it clearly! In addition to web design and freelance writing, I also own a custom-fit bra salon (although I’m phasing out of this business). I can’t tell you how many times I’ve agonized because I let friends or family take product on “credit”.

To this day, some still owe me and I know that I’ll probably never see that money. I consider it a bought lesson because I should have never let them walk out of my shop without paying me. I hope you will adopt this motto. It will save you lots of heart and pocket ache.

Business Hours

Be sure to make your business hours very clear to family and friends. If you do not, you’ll be getting business calls at home at 9 p.m. in the evening. The call will be camouflaged, but eventually, they’ll get around to their reason for calling you. Set strict business hours and protect your personal time.

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