Tuesday, June 19, 2007

The Balance Sheet

Something that my pastor said Sunday has been running through my head the last two days. His message to us Sunday revolved around keeping a balance sheet. In business and in life we all keep balance sheets either in print or in our minds. We know the people that we owe a debt to and those that are indebted to us.

In business of course it is important to keep an honest monetary balance sheet or our business would suffer and we would not be profitable. I am sure though that there are just as many business owners who are keeping mental balance sheets of debts owed to them.

Something along the lines of this ....
I give her all these great referrals and get nothing in return.
Those people never thanked me for sending them that huge account
So and so never replied back to my thank you note after our breakfast meeting.

Sound familiar?
Sure it does. But no one is perfect and no one can ever match unrealistic expectations and really why on earth would you want to keep score with your referral partners? Keeping score with your peers and affiliates is no way to run a business. Some one will always be on the losing side of the balance sheet.

My thought today -
Let go of keeping those balance sheets that only make someone else look bad. Keep the balance sheets that make your accountant happy and keep track of your own contributions and efforts to help others. But don't make doing business with you a quid pro quo event. Otherwise you will most definitely find yourself in the red on your real monetary balance sheet.

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