More Resources

Karmic Business

Dealmakers get what they give.
Article Contents

In the 1920s and '30s, my grandfather was a successful small-town merchant in Poland. When times were hard, many who frequented his general store fell into debt. Grandpa never sued and often extended credit to (or bartered with) these customers. He didn't have to do this; in many ways, it made no sense.

In the early 1940s, the Germans occupied his hometown. My grandfather was Jewish. It was then that these customers remembered his kindness-by hiding, feeding and saving my grandfather and his family from extermination.

Perhaps it's a dramatic example, but it's why I believe in the law of business karma-what goes around, comes around. To those who say, "in the long run, there is no long run": your shortsightedness will cost you.

It's a rare deal in which two sides will never meet again--business circles can be small. Think twice before you "take no prisoners." You never know when you'll need something from the opponent you're about to fleece or humiliate.


A speaker and attorney in Los Angeles, marc Diener is the author of Deal Power: 6 Foolproof Steps to Making Deals of Any Size (Owl Books/Henry Holt). You can reach him at MarcDiener@aol.com

  Page   1   |   2  

Marketplace

Learn how to distribute a press release

Try our new online printing. theupsstore.com/print
Today on Entrepreneur
Current Issue
Entrepreneur Connect
What makes a good client gift?
What guidelines do you follow when buying gifts for your clients? Have you ever received an unusual or inappropriate gift?
Resource Centers
Where Business Gets Done
Revisit the lost art of the meeting, the pitch, the presentation and the all important handshake to close the deal.

Insurance Center
Review your company's needs, save on workers' comp, protect your business from lawsuits and more.

Startup How-To Guides
Step-by-step guides to launching your business.

Commercial Vehicle Center
Get the right ride for your business.


Sign Up for the Latest in:
e-Business & Technology
Franchise News
Business Book Sampler
Starting a Business
Sales & Marketing
Growing a Business

E-mail*
Zip Code*