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My mother asked me, “How did you know what to do at this company and the others to make them succeed? That’s where I learned best guide book to running a successful business ever written – the Bible.” Here are the most important biblical principles that led to my success. There is no shortcut for doing your homework in a business and understanding the competitive landscape.
You didn’t go to business school or work in a big company.” She was right. I learned the principle of due diligence through Talmudic study. Major mistakes can often be avoided and opportunities found by speaking to experts and analysts, tearing apart business plans, doing market studies and focus groups, analyzing expenses and doing your homework – due diligence.
Don’t cheat your customers, even if they don’t know about it. Do you keep the funds that were mistakenly given you or do you give it back? The Sages say, “Know what is above you: An eye that sees” (Ethics of the Fathers, 2:1).
When you realize that someone above is always watching you, the answer is easy.
This is the first question because it’s the true measure of one’s success in life.
There is no greater temptation to cheat than is a business setting where one can earn more profits.
You act differently and work under a higher standard.
You run your business and personal life honestly all the time.
When confronted with these dilemmas, the answer is easy when following the biblical principle of not putting a stumbling block before the blind. You are at the cash register and are given a 0 bill instead of a bill.
) – put yourself in the shoes of the customer and treat them as you want to be treated.
While many companies struggle with how to handle customer service, following this standard is the best way to build a long term loyal customer base.
Do we charge the customer more than we agreed to charge? These answers are easy when you follow the Bible’s guidance: “You shall have just balances and just weights” (Lev. Even if your customer won’t find out – don’t cheat them. We are often confronted with situations where we can increase profits by cutting corners or otherwise take advantage of the customer in a way that they won’t know about.
Why not increase profits by using a cheaper material or a second hand product?