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Don’t Let Emotion Affect Your Business Decision - Key To Success

A lot of people I know mixes emotion with their business decision. For example, “I don’t like that person because he was nasty to me, so I will not transact any business with him anymore.” One but too often seen in the real world.

Does it matter if he is or was nasty to you? Afterall, if you want to do business, you are in it to make money or profit. Do you think by boycotting that person, you will send that message across and he will come begging you to take him back? This is afterall NOT a love relationship where one has to give in.

I always believe that in business, both parties must learn to accommodate one another’s bad habit and then to ensure the deal is done with success benefit to both parties alike. Allow me to give you an example.

If an angel falls from the sky and told you, “Hey I am going to make you $100,000 richer but the catch is, the person whom you hated the most will be enriched by $500,000. However, if you choose not to receive the $100,000, the other person will not receive a single cent.”

So which path will you choose? Most people will mix their emotion in and say they rather not have the $100,000 as they will not enjoy the $100,000 as their worst enemy has gotten a lot more than them. But couldn’t they see it from another perspective where they had been enriched by $100,000 which makes them better than most people?

If it had been me, I would use the $100,000 and make sure i invest in high yielding investment and hopefully will help me yield more than $500,000 to even things out. Set $500,000 as a goal where you want to reach and then do even better than just $500,000. Without the $100,000 as a base, you may lose out on a huge opportunity.

Credit Cards Can Help You Save Money?

How many of you might think that is possible? We all know now that annual fees can be easily waved from credit cards right? All you have to do is to call the call centre and threaten to cut up the card, they will immediately waive the fees. I know one bank that doesn’t buy that but hell, you have another 20 to choose from so pick a card that sure helps you save money.

But is there such a card? I cannot remember who started all these rebates first but if I am not mistaken, it should have been Citibank. But the other credit cards follow suit and to this date, I do not know which offers what. But one card that sticks to my mind a bit is that UOB credit card that helps you save on your carrefour shopping. Afterall, hypermarket already offer you a pretty good value for your shopping budget, surely another couple of percentage rebates will help? Yeah. There is a card for petrol fuel savings from Petronas and Shell. I am not too hyped up about savings on car repairs, etc as I believe my foreman is much better than that and he doesn’t has merchant facilities.

Shop around for the best card, I still believe in saving every single ringgit you earn. Plus you get points with your purchase which makes more sense when you redeem them for vouchers later.