This blog aims at equipping individuals with business and finance tools in simplistic terms. It convers both business finance and personal finance. It also looks at the actions that can help you run a business successfully. It has some juicy flavour in it. It also aims at getting individuals closer to Allah (SWT) Enjoy!
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Fulfilling your philanthropic responsibilities
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Hello readers, hope you are good. I will be writing about you yes you fulfilling your philanthropic responsibilities. A business should not only focus on economic or legal or ethical responsibilities but should also focus on giving back to their communities, their nations and much more. Some businesses overlook this responsibility, but it should not be overlooked. When a business fulfills its philanthropic responsibilities it pleases Allah and when He is pleased with your business, your business get blessed.
Philanthropic responsibility could range from a business donating a school to the government, or books to pupils or much more. It could also mean allowing customers to return their goods back if they are not satisfied with it, or giving customers enough time to pay the debt they owe you without putting pressure on them. It could also mean letting go of debt if a customer is finding it difficult to pay.
At the end of the day, when your business fulfills it philanthropic responsibilities it is for your own good, as such you should be more generous in business. Keep checking my blog regularly. Cheers!
Hello readers, today I will be writing about buyers behaviour when it comes to purchasing products (goods and services). I hope your week has been good. A buyer is an individual that makes a purchase. That purchase can be influenced by his/her emotions or his/her rational mind.
For your marketing strategy to be successful you have to truly understand the buying behaviour of your customers. Some customers buy goods based on trust and loyalty which falls into the emotional reasons. Thus, you have to build trust between your customers and yourself so they can return back to you. Trust is built when you offer good quality for reasonable prices.
Some products are bought regularly while some products are purchased seasonally. If your products fall into the seasonal category, you should only purchase them to be resold during that season. At times buyers purchase products on behalf of another individual. In that situation, you have to capture the mind of both the buyer and the actual person tha…