Fairness in business is essential. All parties benefit from its inclusion, establishing longer-lasting working relationships and allowing firms to place more trust in partners, government entities, and even themselves and their judgement.
Fairness isn’t always easy to come by in the entrepreneurial world. Unfortunately, reports of firms being treated unfairly are common, and they can feel wronged by everything from government resources to underhanded partners.
If you run a business yourself, then it can be easy to feel powerless in these situations. However, you can do plenty to ensure your firm is treated with the respect and dignity it deserves. Here’s a quick list of things to think about in these situations.
Know Your Rights
It might seem like a mantra from across the pond, but knowing your rights ensures your firm is treated fairly. The more aware you are of what you deserve, the less likely others will be able to take you for a ride.
Understand your obligations towards your stakeholders, from customers and clients to your own employees. Review all the paperwork around your business so that you impeccably understand your contractual and legal obligations.
Your rights are always changing, too, with rules and regulations being created or amended over time. In fact, many growing businesses are to have lots of ‘red tape’ cut on reporting requirements and other regulations, to greatly enhance their prospects. Knowing this information is a matter of compliance but also a means of not unnecessarily stunting your prospects and being misled elsewhere.
Investigate Government Tenders
Not everybody trusts their government, and we won’t delve into reasons why, as it’s a charged topic to explore! However, working with them under contractual agreements can at least be more transparent and secure for business.
Indeed, the public sector could be your best customer. You could explore government tenders; contracts firms bid for to provide highly valued services and goods to government bodies. Whether IT support or construction management, you can be the vendor and supplier they sorely require.
There are many benefits to doing this; greatly boosting your reputation, supercharging growth potential, and generally having a more stable source of revenue. Everything is completely fair. To get started, sign up with Supply2Gov for free to access their extensive government contracts database in the UK and Ireland. According to them, the government spend £300 billion a year on goods and services. Being part of that, you’ll be paid on schedule in a transparent and non-discriminatory process.
Keep Building Your Reputation
As we just mentioned, making waves in the public sector is a great wave to bolster your business’ reputation. Matched with other kudos-accumulating efforts, your firm will be off to the races.
Far fewer entities are likely to mistreat a business of outstanding repute. The prospect of crossing ‘the wrong entities’ will make underhanded partners and clients feel uneasy. If word of their dubious antics gets out, it can spell doom for them.
So, exploring other reputational boosts to your firm is in your best interests. You can improve your social media standing, engage in public relations exercises, and contribute significantly to community initiatives. Hire marketing consultants to spread the good word about your business. The more responsibility and influence your company has, the better.
