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Welcome

Ever notice that the world is full of experts who have never actually done what they are "experts" at?

Many a business professor has never actually managed a business. Most business courses stress defining business terms but never actually teach the concepts of running a business.

This blog hopes to teach some of the terms and, at the same time, give some examples and lessons on running a business.

There will also be reviews of books on business listed here. Sometimes companies give me books to review. Regardless of where I get the book to review, I will give my honest opinion. If I was given the book to review I will always disclose that in the review.

I seek to start posting on 02 January 2012. Some of the posts will be recycled from some of my other blogs.

The reader should know that there is no one “Right Way” to conduct business that will apply in all situations. This blog is meant as a place to start. It is hoped that you will perform further research and consult professionals experienced in your particular business before making any important decisions.



21 February 2012

Credit Memo



One thing I learned from my father about how to deal with people in business is that they won’t necessarily go out of their way to help you, but they will go trip all over themselves to prove they are right.

I had submitted a credit memo to Western Auto for credit months before and never saw where it appeared on our statement for credit. I called and asked about the credit and was told by the accounting people, “Don’t worry, if you submitted it, you got credit.”  I told my father this and he said, “Wait a few days, then call back. Tell them you did not get credit”. I did as he instructed and within a few minutes they called back and told me what day we received the credit and that it did not appear on the statement because of a glitch in the system, but they would be sending a follow-up statement.

My father was right. As long as they thought they had to prove they were in the right they would move heaven and earth to do so. If it were simply a matter of helping us, they did not care.

One has to ask himself, is it ethical to state that you did not get credit for something when you are not sure whether you did or you did not? I will have to leave that up to you. One more ethical way to approach this would be to say, “Our records indicate that we did not receive credit for this credit memo.” In so doing, you are stating the truth but, at the same time, leaving it up to the other party to correct the mistake if one has been made. You decide what is ethical.

Disclaimer
The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.
Please be sure to consult your attorney and/or accountant with any specific questions.
There is no one right answer to any business question that will cover all circumstances.
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