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Paying what you owe
Pay what you owe, and you’ll know what’s your own. Benjamin Franklin
Nothing so cements and holds together all the parts of a society as faith or credit, which can never be kept up unless men are under some force or necessity of honestly paying what they owe to one another. Marcus Tallius Cicero
Do you agree that paying your way, and staying away from debt is good business practice?
I believe it affects your reputation, credibility and self-respect. Knowing that clients will pay is what gives a business faith to continue, builds trust in a community and allows a business to plan ahead.
Personally, if I don’t have the cashflow available, I don’t order a product or service, and always pay invoices I recieve. And I believe this is how most people run their businesses; it is sad to think we need systems to force some people to pay up, though, isn’t it?
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