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When a person loses credibility with his business clients it frequently is the result of losing money or some other item of value. If this situation was caused by dishonesty a correction is required to regain credibility. As example; a stock broker guarantees a profit for his client if the client buys 1000 shares of the xyz corporation. The investment gos badly and the client must take a loss. The recommendation to buy may be the result of needing a commission for the purchase or not informing the client that there is no such thing as a guaranteed profit in the stock market. Either way the issue is the result of intentional or non intentional advice. To regain credibility with the client, there are two measures that can be taken. A. admitting to the client he has made a mistake in the advice or reimbursing his client for the loss. The latter action is rarely done as the action cannot have been minor as credibility is lost. B. Attempting to regain confidence because the advice was given for the sake of personal profit.
Admitting this item will never help him regain trust. The client cannot deal with such a situation. The salvation here would be based on the extreme mercy of the wronged client. The final answer here is to always be totally honest with your business clients and reimburse them for the bad recommendation.
What else can I help you with?
What are some questions based on the credibility gap?
How can organizations bridge the credibility gap between themselves and their stakeholders? What strategies can leaders adopt to address the credibility gap in communication with their teams? In what ways can media outlets work to regain trust with the public and reduce the credibility gap? How do individuals assess the credibility of information sources to minimize the credibility gap in their decision-making processes?
What are testimonial examples?
Testimonial examples are statements or reviews from customers or clients who have used a product or service. These testimonials serve as endorsements and can help build credibility and trust in a business. They are often displayed on websites, in marketing materials, or in advertisements.
In business what are the four types of clients?
1.external clients 2.internal clients 3.owners as clients 4.goverment bodies
4 Give us an insight into your exposure to small business clients?
Endeavouring to use every resource available to promote your business. Business is 'seen' by prospective clients, generating an increase in business for you.
What are the benefits of using .camera domains for a photography business website?
Using a .camera domain for a photography business website can help establish a strong online presence and brand identity. It can also make it easier for potential clients to find your website and understand the nature of your business. Additionally, a .camera domain can enhance your credibility and professionalism in the photography industry.
Who are the clients of the financial system?
The Customers, Stakeholders are the clients of the financial system of a business house.
A business owner wishes to know which clients are the highest paying clients of his business. What tool is he likely to use to find this information?
sorting
It is good to have a personal trainer degree ?
If you want to train it's helpful to have a trainer degree. This can give you credibility among your clients.
Can you deduct gift cards given to clients as a business expense?
Yes, gift cards given to clients can typically be deducted as a business expense, as long as they are considered ordinary and necessary for your business.
How to check a business for credibility and reliability?
To check a business for credibility and reliability, you can look for customer reviews, check their reputation with the Better Business Bureau, verify their licenses and certifications, and research their history and track record. Additionally, you can look for any complaints or legal issues associated with the business.
Do cooperate lawyers take business trips?
Cooperate lawyers do take business trips. Corporate lawyers have to travel to meet with clients and associates of their clients.
Are business gifts for clients tax deductible?
Yes, business gifts for clients are tax deductible up to a certain limit per recipient per year.
