Be Fair in Your Business Deals

Be Fair With Your Business DealsPeople hate to be reminded, especially smart people. But I will take this chance of reminding entrepreneurs to be fair in your business deals. This is needed today more than ever.

But like I said in my other blog posts, I’m neither a priest nor a pastor. Just see me as an ordinary entrepreneur just like you. An ordinary entrepreneur who just renewed my relationship with the Lord.

After the renewal experience, I decided to use my talent in blogging to share hope and inspire others for good. I became more of a Bible reader, reading it more than other references I have on my shelf.

If you’re a Muslim who accidentally landed here, excuse us…

Although the message is universal, my primary purpose of blogging is to serve the Christian Entrepreneurs niche…

To keep the faith alive.

Throughout this website, you can see me encouraging people to read the Bible or make reference to the Holy Book. And in the topic of being fair with your business deals, I will again refer to the Bible as our guide.

Why Listen To The Bible?


Do we need to discuss in detail the proofs that will convince you the Bible is the word of God?

Listen to the Bible

Countless proofs they existed, real-life applications, and coherence of the message, these are enough for us to conclude the credibility of the Bible. In my opinion, only the person who has a stone heart, who continuously refuse to accept God, is the only one who won’t be convinced.

I even encountered Muslims recognizing some characters in the Bible including Abraham and Jesus Christ. The only thing is that, we regarded Christ as our Lord while they just see Him as a prophet. But this shows that the Bible is a significant material that should not be neglected.

In fact, we ought to examine it further, moreover use it as a guide in our business dealings.

According to 2 Timothy 3:16 (NIV)…

[Verse 16] All Scripture is God-breathed and is useful for teaching, rebuking, correcting and training in righteousness, [Verse 17] so that the servant of God may be thoroughly equipped for every good work.

So, you see, we should listen to Bible lest we will miss what God wants for us.

My Encounter With A Loan Shark


While we readers of the Bible are so prudent in applying the lessons taught us, there are people out there who profess they’re Christians but through their lives, they don’t practice being a Christian.

What does it take to be a Christian?

A Christian follows the teachings of Christ. He follows the Bible for he knows it is the word of God, and he follows it at all times, not only on Saturdays or Sundays but all days.

Unfortunately, the compassion demonstrated by Christ seems to be forgotten. In our daily quest for material success, some people succumb to greed and love of money.

Greed of Money

Not so long ago, I encountered a businessman who lends money to borrowers with their car registration papers as collateral. Car won’t be impounded, the owner still got to use the car.

The rate seems to be okay, at 2.5% per month add-on interest, but the deductions in cash proceeds are outrages.

  • Processing fee for the creation of deed of sale
  • Land Transportation Office fee for bribing an LTO official for expedite process
  • Forced selling of comprehensive insurance amounting to 30% of the vehicle’s appraised value
  • Loanable about is only 40% of the appraised value based on the prevailing market price of the 2nd hand vehicle
  • And outrageous brokers’ fees.

I remember seeing a client came in for maternity needs of his wife, after being explained to how the agreement works, for that approved loan of Php100,000, he only got Php65,000.

If he’s not able to repay the loan in time (with only 2 months grace period), they will be taking his car with a bully sheriff.

In the company’s advertisements, it says, “CAR LOAN – Fast Cash Without Taking Your Car”.

After the borrower has defaulted, the lenders will change tune, “Here we come. We’re taking your car!”

I was a loan broker of the Chinese businessman for about 6 months. Realizing it’s not for me, I ceased dealing with him.

Fast Cash Release, No Docs Required


Another encounter I had with usury was when we formed a small financing corporation with four other investors. Bombay

We were so impressed by how immigrants from India are growing their money in the Philippines.

In 3-4 months, the money is being doubled by lending them to small mom-and-pop stores in the countryside.

Since capital is scarce, small business owners who are tight in cash are tempted to borrow money. They’re making the process of getting cash so easy but to the price of the interest rate.

Analysts say that the interest rate struggling business owners pay these Indian lenders are actually beyond 20% per month.

Let’s say you are given $100. You will be charged an add-on interest of $20 for a 45-days term. $3 will be collected from you daily by a motorized collector.

With regard to the interest rate, that’s a lot higher than what banks and lending companies charge! Banks would usually charge 1% per month, compare that with these usurious lenders charging 20% or more.

Here in the Philippines, we call this “5-6”. Your Php5,000 (equivalent of $100) becomes Php6,000 in 40 days.

We initially consider entering that money-market business, but then after so much deliberation, we aborted the plan. We put the money in a different business.

What About Your Online Business?


I’m not saying you’re involved in a scammy business, but just in case you stumble upon a business opportunity being offered online, I hope you will be reminded of God’s message with regard to justice.

In Micah 6:8 (NIV)…

“He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy and to walk humbly with your God.”

How do you know if a business opportunity is not compliant with this lesson?

Let your conscience guide you. If there’s a protest at the back of your mind whispering you do not pursue the business, then don’t do it. Most of us were raised under a moral law, we were taught not to take advantage of others.

So, what makes figuring out a scheme hard?

I remember, I ditched out a touted legit MLM opportunity for that reason. Scholarly leaders are defending the program in online forums as a legit opportunity and yet, if you go out and make a survey, you will discover a lot of people crying and bleeding.

I don’t want to be an agent of spreading frustrations anymore, so I stopped.

Some business opportunities, online and offline, they can argue they’re legit. They post long explanations saying they’re legit. But in the long run, you will see countless bodies scattered along the road as if the business is involved in a “hit-and-run” rampage.

Bodies on the road

I think the best way to judge a business if it’s good or not is by seeing the long term results on people.

Are there enough people complaining they lost money?

Conclusion


Who am I to point to you what’s right and wrong in business? But maybe I’m an instrument being used by God.

Whatever your business is, whether you’re in an offline traditional type of business, an MLM business, or an online affiliate marketing business, the lesson about being fair in your business deals applies.

Keep in mind the message in Micah 6:8, be compassionate with others especially the needy, and you will be blessed.

Til next,

Gomer Magtibay Blog Signature

PS: Wanna share your thoughts online like I did here? Start a blog. Click here.

82 Comments

  1. Jack Taylor

    Hey Gomer, what a great post about being fair in your business deals. I agree 100% with everything you said. After all, I do like to sleep at night and I don’t want to have to look over my shoulder either. If you believe in God like I do, I think that people that have faith do their very best to do the right thing. What a great post and great advice!

    God Bless you and your family Gomer,

    Jack

    • Gomer

      You’re welcome, and thanks too, for reading and commenting.

      Exactly. That’s what we call “business with peace of mind”. You can sleep well at night, you can feel relaxed inside a church, and you will not be ashamed speaking to God in prayer!

  2. Henry

    Hi Gomer. This is a great way of using your talent to help others. When somebody is being just…

    1. He’s obeying God.

    2. He’s also being helpful to others.

    3. But what most people don’t realize is that at the end of the day, they’re doing a favor to themselves.

    There is nothing that ruins us more than being unfair with those around us. You can gain instant gratification, but the the interest rates for defrauding are too high (the law of sowing and reaping).

    • Gomer

      Yes, the law of sowing and reaping.

      Let me share to you a short story…

      A friend who was a notorious money-lender here in our place died two years ago in a tragic car accident… 

      They were riding a motorcycle in a funeral parade, were about to enter a cemetery gate that’s situated near a highway when suddenly a huge trailer truck ran loose from the highway it crossed to the other side of the broad highway, passed through the other lanes and hit the couple. Both of them died instantly. 

      One week before the incident, they were squeezing a borrower who by health problem has defaulted in payments. Exasperated, the borrower blurted out that it will boomerang to them. Just one week have passed, they died in that vehicular accident.

      I’m not scaring anyone, but sometimes, supernatural hands are moving for justice. So, beware.

  3. Pentrental

    Fair business and fair trade are great mottos to go by and I’m glad you made awareness to that here. This is a very positive message and it’s nice to see that you’ve chosen to use your talent to inspire and uplift others. The Bible is unlike any other book I’ve read or probably will read. I agree that we should let conscience be our guide and perhaps conscience is our connection to God. I appreciate your post and I’m looking forward to reading more of them, thank you and God bless.

    • Gomer

      Thanks for coming back to my site, reading my post, and leaving a comment.

      Yes, there’s no other book like the Bible. It’s complete, and the lessons being taught is fair and justice. It’s a good source of inspiration as well as reminders for us busy entrepreneurs. 

  4. Dominic

    Hi Gomer

    Good article on the morals of business, I agree that business deals should be a win-win for both parties involved. You would think in a case where one party loses out to the other that eventually, people would stop taking up the businesses offer but that doesn’t seem to always happen.

    I think that the real problem is financial literacy. If the individuals that are being taken advantage of had a better understanding of the likely outcome of the deal far fewer people would be taking up the offer and eventually, the business would go broke.

    It’s a shame that you pulled out of your money-market business, perhaps you could have brought some morality to an otherwise murky business.

    Anyway just my 2 cents worth, good luck with your future business endeavors.

    • Gomer

      I appreciate the comment on money-market pull-out. For start-up entrepreneurs who are to grow their money, wouldn’t it be great to put your money in a kind of business where there’s a solid product or service being produced? Just think what will be this world look like if most of the businesses are into money-market, who will produce the goods that we need? By anyway, just my idealistic point of view. We are free to choose whatever we like to go into.

  5. Paul

    Dear Gomer,

    Thanks for the motivating and inspiring post.

    You are correct… We are called believers but many times we don’t believe in the word of GOD, we are called Christians and there is no CHRIST within us. By birth or coming from the christian family background will not make anyone Christian those who follow CHRIST are the real Christians.

    After reading your post I am determined to INVEST more time in bible reading.

    I am really shocked at the interest rate of more than 20% I can’t digest it.

    Micah 6:8 is one of my favorite verse, in my regional language it was translated beautifully like… All GOD expects from you is… Just to act justly and to love mercy and to walk humbly with your God, expect this he expects nothing from you.

    Thanks a lot for the great insights!

    GOD Bless!

    Paul

    • Gomer

      You’re welcome. And thanks, too, Paul.

      My uncle is a pastor of our denomination. From him, I heard the word “applied Christianity”. Applying the lessons taught in the Bible in our day-to-day living. 

      Unfortunately, a lot of people failed to do that. Becoming kind only during weekends, during church days!

      Be should always be fair and just with our dealings, at all times. Like I said if we regard God as the real owner of our businesses, there’s no reason for us to be greedy. There’s no reason for taking advantage of others especially the needy.

  6. John Greg

    Hi, 

    Thanks for the reminder and yes, I do agree with the principle that your raise. Sometimes entrepreneurs jacked up their prices just because they can but this kind of business model is only for short-term or only works when people are desperate. 

    In my own situation, I try to be fair with by business deals by always keeping in mind that if I want to be a leader in what I do, then I need to be a servant first. That means I do not focus on profits, instead, I focus more on helping other people and adding value in their lives. 

    The examples that you gave are small business but this is also true for multi-national companies. We have seen many big names who went bankrupt because they prioritize over people. Again, like what I’ve said, people can probably get away from doing shady or unfair deals but their business potential is severely limited and most likely, they wouldn’t last. 

    Regards, 

    JG

    • Gomer

      Yes, cause and effect, businesses that exploit people don’t last. 

      I remember I was once involved in an online marketing company the sold online training at inflated prices. In the sales page that we have back then, the creators of the program tried justifying the prices and they defended that it was actually a bargain because the value one can get is so much higher than the amount being charged. But it was only according to them, as along the way we got so many criticisms from dissatisfied customers. In the end, the company closed and the founder got hooked into drugs. Only then it was revealed to us his true character.

  7. MissusB

    Loan sharks are everywhere. Some would even go to the extent of harassing those who owe them money. As a devout Catholic, we are taught to help people in need but not to take advantage of their situation. According to Psalm 112:5, ” It is well with the man who is gracious and lends; he will maintain his cause in judgement.” Now, I don’t interpret Bible verses but it’s clear to me that we can lend only to help others and not do business out of it. It’s like sucking out everything from someone who has nothing especially if it come with a very high interest. 

    It’s good that we have people like you in the community to remind us what it means to do good business with values. Integrity and honesty must always be observed in dealing with other people. no amount of money can par with a clean conscience.

    Thanks again, Gomer for sharing blogs that are worth reading. 

    • Gomer

      That’s a good message. No amount of money can par with a clean conscience!

      I will take note of that verse that you shared, from Psalms 112:5. When you have excess money and someone who’s in need (genuinely) comes to you for help, then lend. But don’t see it as an opportunity to exploit with high interest. Just lend to help.

      It is for this reason that we are striving to succeed. To be a channel of God’s help to others. We’ve been helped many times, wouldn’t it be great to pay it forward?

  8. Mathessa40

    I was born and raised in Philippines. And I know that most people are relying to fast cash. Its easy doesnt need paper work. Different here in the US to get house or a car we need to get approved to get it, always need to have a good credit score. But the secret is hard work, everything we need, we get it. Thank you for making this website.

    • Gomer

      Since most people here are not qualified for a bank loan application, the resort to borrowing capital from usurious money lenders. In the end, they pay more through high-interest rates, and oftentimes, force selling of Indian goods on an installment basis. If only the banks would lower their qualifications or standards, ordinary people may have a better choice. It’s one of the many business challenges here in the Philippines.

  9. Stuart

    What an enlightening post, love the way that you have used references to the Bible to emphasise a point, as a society we do seem to be moving away from attending Church, this does not mean that we are moving away from God.

    You highlight what I must call loan sharks, yes we must be aware of such people as we must the scammers that try to fool you into parting with your hard earned cash.

    So being ethical in your internet business is essential.  Once again enjoyable to read.

    • Gomer

      Even the Israelites during the Bible times, they forgot about the lessons taught by God and moved away from Him. But the good news is, they returned back and repented. It’s the same with us, we forget and we repent. There’s always a chance for us to straighten our path.

      I have seen several friends got involved in scammy opportunities but deep inside I know these people are good by nature. Maybe because of their weak human nature, they got tempted. But the good thing is, I’m sure God is always waiting for them to return to the fold and become good again.

      I appreciate that you appreciate my blog post here, my reminder for our fellow entrepreneurs to be fair with our business deals. Let us not forget that we exist not just to exist. We exist to make a difference.

  10. Twack Romero

    Hi Gomer, after reading one of your other posts I promised myself I would come back and read some more. 

    I think one of the issues, certainly with the money lending, is that they are taking advantage of an already desperate situation. 

    For the person borrowing it is the most important thing to them. They are not concerned about how much interest they are paying. This method is almost disguised. 20% becomes immaterial when you’re only looking to pay back small installments, be that over a longer period of time, sometimes. 

    The more legitimate companies are no different from the whole ‘Payday’ loan scenario. Short term borrowing at huge APR% rates. There will always be those who are unscrupulous in their dealing practices. 

    Hopefully, your posts will reach some and help them change their ways.

    • Gomer

      That’s the exact description of it. Thanks for pointing out!

      “Taking advantage of an already desperate situation”

      It happens not only in the financing business but also in any other business. I remember I was once so desperate that I gambled a certain amount of money (I borrowed) in an online income opportunity. Bills were piling up and I looked for an easy way to make big money online. I was foolish not to think that there’s no guarantee I will be able to recover what I have invested because I’m not that good yet in marketing. The person who invited me to join doesn’t care about my desperate situation, he’s only after the commission he can get. When the time comes that the money I have invested needs to be repaid, regret sets in. The person, instead of feeling sorry about what had happened to me, blamed me saying I didn’t exert enough effort to recruit others!

  11. Adyns68

    Hi Gomer

    I have enjoyed reading your presentation. Because, you have talked about everything that we know is right but we do not apply, in our daily life and our business. It’s as if for any bad dealings we do, all we need to do, is say ”it’s business”. And that excuses everything bad we do in business. 

    But with the little business experirence, I have. I have come to realize that I am very happy earning less money as long as I am fair in my business. Because, I am in peace with God and with my fellow man. As Christian we need to understand that the word of God should lead every aspect of our life, including our business. We need to conduct our business in a manner that will please God.

    Thanks for sharing.

    • Gomer

      So long as we are not taking advantage of others, I think God will be pleased. Thank you for your comment.

  12. Adrian Holland

    Thank you for a lovely article, and the gentle push to include Christian values (as you would describe them) in every aspect of our life, including our business ventures. I am sure that many (most) of your readers will have encountered the same or very similar scams and sharks that you have overcome, and your message that this is no excuse to incorporate such sharp techniques in the things that we do should be very well heeded.

    However I feel that you were slightly miss-guided in your comments regarding Muslims, and I for one was very offended in the implication behind your comment. Surely part of being a Christian is the ability to recognize and respect another’s belief system, and not to be so pious as to presume that your own belief is the only correct one. 

    • Gomer

      I’m sorry if I have offended you with some parts of my post here. Like you said, respect to one’s religion is needed, and I truly respect yours, that’s why I have put in there, “Please excuse us”. The reason I have that disclaimer early in the article is, in my previous blog posts here, I received negative comments from Muslims.

  13. Mike

    What a grat article Gomer.  It is nice to know that there are actually many people who strive to do the right thing.  I heard Dave Ramsey talk about a brick being amoral.  It can either be used to build a hospital to help those in need or it can be thrown through a window to cause vandalism and inflict punishment.  The brick doesn’t care because it is just a brick.  What matters is…whose hand the brick is in.  

    The same is true in business as you have so eloquently described.  Hopefully we will all put our talents and business practices to good use; to help others.  It is better for us to light a candle and put it on a candlestick than to hide it under a bushel.  The more of us who can help others succeed in an ethical manner, the more candles we light!

    Great article.  Thanks!

    • Gomer

      You’re welcome.

      Maybe you guys can relate to this quote:

      “Service to others is the rent you pay for your room here on Earth.” – Muhammad Ali

  14. FranEllis

    What a refreshing blog! I loved it! You pointed out the most important aspect of conducting any business: Be fair to everyone you deal with, both online and in person. To some, working online means never seeing the customer, thus it is ok to treat them badly.  We know God sees all the time! Great post!

    • Gomer

      Yes. Being online doesn’t mean you can do just anything including the taking advantage of others. Whether you’re offline or online, God sees you. So, be fair with your business deals, online and offline.

  15. Lee

    When I was in my early twenties, I did a number of things I am not proud about today. One instance, I strong armed (used intimidating sales techniques) an elderly woman into joining my MLM, my father was extremely upset with me and I din’t understand why? I made a sale, I made us some money. Looking back now, I completely understand, I don’t remember how much money I made (it wasn’t much) but the thing I think about the most is the regret in the tactic I used. The great thing about Christianity in business is that it really is like looking at a mirror. No sale or amount of money is worth doing something you will grow to regret the rest of your life. 

    • Gomer

      When I re-evaluated why I went to doing business, I got reminded of my initial goals which is to help others and to help the ministry with my excess cash. It’s too easy to get drowned in the money-making process that we tend to forget why we’re here in the first place. Lucky for us, we got the chance to change for the better. Praise God!

  16. Antonio

    Hi Gomer 

    The biggest problem is that the business community and business people put profit before anything else. It is a amazing how many poor country labour force are exploited by large companies, who do not care or value human life. I believe that the soul has been removed from business in search of the mighty buck.

    People and business men forget that it is possible to do business deal honestly, without cheating anybody and paying a  fair price. I think about the Co-Op movement in the UK  in which everybody is a shareholder?

    Why must people be greedy?

    Thanks

    Antonio

    • Gomer

      Yes, I’m also a member of a co-op here in my country and I can say the concept is great. 

      For corporate policies, I think the best way to approach disputes between the companies and the workers is by meeting in the middle where there’s a win-win situation for both parties. If companies become aware of that, fewer people will be exploited. But the question still remains the same: Most know about these principles but why are they choosing to be greedy?

  17. Dave Sweney

    This post hits home for me and I would hope anyone else that happens to see it. The Bible has many lessons in it and one that is central is do unto others as you would have them do unto you. I have practiced this my whole life and actually, it was drummed into us as kids.

    I do see many business people who do not ascribe to this philosophy and I have been the victim even in quite a few cases over the years. and as a result, like you, I have walked away from good businesses because I did not want to be involved with that cutthroat mentality.

    This permeates throughout many business and market segments and one advantage that I have now as an independent business owner is being able to choose who to work with. I surround myself with people that do treat people and other businesses fairly. 

    The ones that don’t I stay away from, and I will not go back to dealing with them on any level. They simply do not meet the standard that I have set for myself or my business. I think that the more you give the more you get. Helping people out always results in getting more back at some point.

    Good post and a reminder to us all to be fair to all people and businesses as we go about our own business. Thanks and I hope that many people see this and heed this advice you have shared today! It is the Christian thing to do, and a humane thing as well.  

    • Gomer

      I can see the sincerity in your words, Dave. God reads the heart, and I’m sure He will like what you feel about others. It seems you were brought up by God-fearing parents, a privilege not available to many these days.

      In one of the commencement exercises for a college of business administration, the speaker reminded the students that after graduation, when they begin to perform a new job or manage a business, that they should live what God wants us to live as businessmen. 

      It’s true, it’s really hard to mix oil and water, which is the challenge we usually face as business people. But with the help of God (through prayer), I know we can.

      Thanks for reading and leaving your comment, Dave. May God bless you more!

  18. Shashwat .Prakash

    Hello Gomer

    It is a fantastic post. I thoroughly enjoyed reading it. To be fair in our deals and businesses is something which hs been forgotten these days. Bible’s teaching should not be ignored and applied to everything that we do. The examples which you have given show us how insensitive and rusty we have become. Your article is a real eye opener.

    Thanks for sharing

    • Gomer

      Thanks for reading and commenting. I pray to God that He continually bless you and guide you in your business deals, provide you will all that you need and help you achieve your goals.

  19. Riaz Shah

    Well said Gomer,

    I’m doing event management and you’ve no idea how many bad business dealings I’ve gone through since we have to deal with huge costs. And while I never had the pleasure, I’ve always been curious of people who actually went through the loan sharks. Are loan sharks as rough and gangster-like as people say? 

    2.5% per month isn’t all that bad though, my friends are paying 100% of the amount they borrowed which is crazy.

    • Gomer

      Wow, 100%? What part of the Earth is that located? 

      But you’re right, a lot of loan sharks are like gangsters, but only if you let them bully you. Unfortunately, a lot of good people are pushed into that situation where they have no choice but to allow bullies to push them around. 

      To the capitalists, it’s very tempting if you money and people are coming to you asking for a loan. Some people are even willing to accept as high as 100% like you said, and if you are not keen enough with the morals, you’ll be tempted. 

      And what I have observed with borrowing money with a very high interest rate, it’s good only on the day it was borrowed. The day of repayment comes, it becomes nasty. You will regret borrowing that kind of money.

  20. Xaric

    Hi Gomer,

    The most successful entrepreneurs just like Gary Vee are constantly stating that compassion is mandatory in order to end up with a successful business either this is online or offline.

    Without compassion and empathy, one cannot see things from the point of view of a customer, understand their problems, and figure out the best solutions to them, which is the basis of every single business.

    To tell you the truth, despite not being religious (I still believe in God), you made some good points in here.

    The only part I completely disagree with is where you say “If there’s a protest at the back of your mind whispering you do not pursue the business, then don’t do it.”

    Many people invent a ton of excuses not to start or pursue a business such as “this won’t work”, “I am not good enough”, “I don’t have time” and if someone follows your advice they might pass on opportunities to chase their dream and change their lives forever.

    Having a protest in the back of our minds doesn’t mean that we should always do what the protest says because it might be protesting out of fear of what is outside our comfort zones.

    • Gomer

      Point acknowledged.

      But what I mean by those words is, if your conscious is telling you not to pursue a bad, abusive business opportunity, don’t do it. 

      I hope this has clarified the words used. 

      Thanks for reading, and commenting. God bless!

  21. Carol5162

    It is not very common to find a writer that is talking about morals in business deals. It seems like we are all out there to eat what can be eaten, whether fair or not.

    It is really sad that others can take advantage of the weak and vulnerable. Where is the conscience? When we are supposed to be a helping hand to the needy, we end up being their frustrators. And I agree that this has applied to online business as well. 

    I know for a fact that some MLMs are just out there to take money through false presentation. I have been a victim myself, and I hope I don’t get to take anyone’s money the same way.

    Thank you for reminding us of the real deal. Compassion and Fairness.

    • Gomer

      You’re welcome and thanks too for sounding off.

      If you can find a business where there’s no guilt being felt, if you can find a business where you can sleep well at night, then go for it. Stick with it.

      People know when they’re in an unfair business but because of the need for money, or should we say greed for money, they override the feeling. They override the guilt.

  22. David

    Thanks Gomer for such an inspiring and thought provoking post. Pleasing God should be the number one focus of every believer no matter the circumstance or situation and doing God’s will in business is a point that we all should put in practice.

    I love the word of God and like you i have been reading it everyday of my life ever since i gave the Lordship of my life over to God. 

    The message in 2 Timothy 3:16 is always my watchword in everything do and my business is not left out in this common practice. I believe that if  most business men should apply it, then the world will be a safer place for all.

    Thanks you for reminding me once again to always put my life in check.

    • Gomer

      I appreciate that you took notice of 2 Timothy 3:16. The text reminds us of the authority of the Bible, and that we should heed the reminders written in there. But it is in Micah 6:8 that the moral code is written, where the Lord said that we should act justly and fair.

  23. Gaurav Gaur

    Hi, Gomer.
    Thanks for the inspiration on being fair in the business deals. You emphasized “Not to take advantage of others “– that’s the Key.
    Someone in desperate need may approach us for help. Take this situation as an opportunity to serve God. We never know, we may be in his position at some different situation in our lifetime. It’s just a matter of Time.

    It was really motivating and thought-provoking article.

    Warm Regards,
    Gaurav Gaur

    • Gomer

      Thanks for reading and leaving your comment.

      In Philippians 2:4 it says…

      “Do not merely look out for your own personal interests, but also for the interests of others.”

  24. Bob

    You make a very good point with Biblical backing to your blog. You use Christian love to appeal to anyone reading and that is a breath of fresh air in many ways. So many people today are only in business for a fast way to earn. I enjoyed what I read and if I wasn’t already a Christian myself, I would be curious as to how much more the Bible shows us in our business dealings and interpersonal relationships as well.

    My experience in MLMs are similar to yours, there is a pressure to follow guidelines and be a pushy salesman. I could do it when I started with one many years ago. I am no longer involved with it and enjoy the affiliate marketing sales method even better. The individuals visited the website is more at ease to follow a link and make a purchase. It is then, that you benefit and without the high pressure to get someone to buy. 

    I wish you the best and God’s blessings on you in all you do.

    Bob M

    • Gomer

      Thank you and I’m glad that you can relate to the topic discussed.

      In one MLM company that I went to, in their campaign labeled as Project 50K, the leaders were pushing us to sell the highest cost package even though the products inside the package are valued way lower than the price tag. They told us to never that issue and just focus on convincing others to take the package as our goal is to produce enough income earners so we can convince more people to invest. Me and my team did not heed. Instead, we left the company.

      The easiest way to be fair in a business deal is by putting your feet on the shoes of the person you’re dealing with. How does it feel?

  25. Stella

    Among many things that are affecting people nowadays is greediness and lack of consciousness. So many business have failed because they were so unlucky to fall into the hand of greedy business partners who lack conscience. This is why we hear bankrupt here and there. If their is absolutely fairness in the mind of those fraudster, they would find it very difficult to think about making people cry their heart out just because they lost their hard earned money. The holy books stressed FAIRNESS because God is very fair with his creation. 

    This is a very useful website that worth visiting. Only that it is a little bit bias because of its religious discrimination. Well, I understand your perspective and that’s your choice. But truth be told, there shouldn’t be a limit to what we can learn irrespective of our race,color and religious. I mean no offense, this is just my views. Anticipating more interesting biblical guides about business from you  Thanks

    • Gomer

      Thank you for the the thoughtful comment that you left here. And I apologize if my website has caused you some feeling of bias and inequality. The truth is, this website is clear with its purpose, in its tagline near the header. And if you can see that tagline, then you can understand what niche this site is targeting.

  26. Queen

    Thank you for this piece, was quite inspiring.

    Sometimes we get carried away by our day to day pursuit of good life and comfort we forget to contemplate on words like this.

    I always try my best to be fair to people in however I choose to run my business because I would love people to be fair to me too. And like you, no matter how much people tag a business legit, if it doesn’t agree with my spirit, or does not give me peace of mind, I tend to stay away from it.

    Truly at the end, we will all be held accountable for our actions, and I would definitely want my creator to look at me then and be pleased that I was able to offer people help through my business model rather than defraud them.

    Thanks for sharing this piece with us.

    Cheers 

    • Gomer

      Yes, there are businesses that may seem like normal and legit but due to the large number of people becoming unhappy or feeling they have been treated unfairly, it pays to stay away from those businesses.

      Like for example, an online e-commerce business recruiting for members that works like an online franchising may look good on the outside. If you evaluate the business through the criteria set by the government, the business may seem normal and legit. But because the products and the business model aren’t that viable, investors or buyers of the system may get hurt in the long run. If in the first place you have the knowledge it won’t work, why promote it for the sake of earning commissions?

      It is for this reason that I have quit legit MLM businesses and just focused on promoting affiliate marketing. Although the training website that I am promoting requires a tuition fee, the focus of the training is affiliate marketing which I believe is a better business model than network marketing for the reason that one can promote products without being required to buy the products themselves.

      So many times that I have witnessed network marketers lost all their savings trying to please the network marketing company they are a member of. It is not the entry fee that’s the culprit in those losses but the monthly requirement to be eligible to earn commissions, they are required to buy products they do not need. The company may argue that they are not requiring people to buy products but rather requiring them to make sales, but people got no choice but to buy the products themselves as the products are hard to sell and they find recruiting consumers easier.

      When you know that a company is involved in frustrating people in massive numbers, if you are guided by the moral principles taught in the Bible, you won’t be comfortable promoting that kind of business.

  27. Success With a Home Business

    It is best, to be honest in any venture you pursue. I know that their many inspirational quotes in the bible that can be related to business. And as far as encountering a bad seed in your journey, do not let it deter you. Learn from it and move on. This is an enlighting post. We all can take something away from this post. Thank you for sharing. 

    • Gomer

      Thanks for reading, and for leaving your comment.

      Best “take away” from this blog post is found in the title itself. 

      “Be fair in your business deals!”

  28. Jordan Smith

    Thanks again for another wonderful post again Gomer. I learn one or two things from your story on loan stark. As a Christian, whatever our endeavor might be, we should always have this thought that what would Christ do if he were in my position.  As you said, I will definitely keep the message (Micah 6;8) in mind. I will also like to add this verse of the bible Leviticus 25:14 “When you make an agreement with your neighbor to buy or sell property, you must not take advantage of each other.”

    Regards

    • Gomer

      In the business world, people sometimes admire a person who smartly gain something from others as it is a clear demo of making profits. But gaining from others like in the form of money should be mutually beneficial, for both the seller and the buyer. If not, then one of the two parties will suffer. 

  29. Jay

    Being a business person is no easy task especially when you are a Christian. The reason for this is as a business owner you only make profit when you sell above the cost price. Now how do we justify this. Do we say that we are being greedy of trying to sell more than the price we bought the product? 

    It is a difficult question to answer because even as a Christian you still have to make profit so your business can survive and be able to take care of your family.

    • Gomer

      In business, there’s what we call “prevailing market price” for goods. If we can avail them at much lower price, lower than the prevailing market price, and sell them at that market price, then you have a profit without taking advantage of the other party. The other party still get the merchandise at an acceptable price not knowing you have acquired them at much lower price. That’s a skill we ought to develop because it’s one way of making profits without taking advantage of others.

  30. Happy Eating RD

    Hi Gomer.

    This is a very interesting post. 

    There are SO many loan companies popping up everywhere. Whole businesses being run on the basis of using desperate people to make money. There are so many people out there that are really desperate for money and would fall for a scheme like that. The same goes for many online ‘make money fast’ schemes.

    I guess that’s where morality comes in, and also your advice. Most of what we are taught is based in a certain belief system. If we believe that stealing from others is okay, we will have no problem starting an online money-making scheme.

    So, we have to use the Bible as a moral compass to ensure that we diligently separate right from wrong.

    Keep spreading your message as you are doing.

    All the best,

    Lize

    • Gomer

      Hi Lize,

      It’s unfortunate that in most schools, pupils and students are no longer required to read the Bible. Back when we were young, it was mandatory for us. I hope our schools realize the importance of referring to the Bible as a reliable moral compass like you said. 

      Thanks for reading and leaving a comment. May God bless you always!

      ~ Gomer

  31. Kat

    I think it’s great that you are encouraging others to practice their morals in every aspect of their lives. So being Christian also includes being moralistic in your business dealings. There are no excuses in how one treats the other, even in business dealings. I like that you remind your readers to listen to their instincts and any possible protests in the back of their mind and use their moral compass as a guide to whether their business ventures would be considered a Christian action. 

    • Gomer

      Be thankful when you still can hear your conscience. Once you stop hearing from your conscience, that may be what the Bible said as “The Close of Probation” where people no longer have hope for moral recovery. I said this because, some people get offended or find this blog post weird as they are hit by the lessons mentioned here. If I were them, instead of having a hardened heart, they should soften up and listen to what the scriptures are saying.

  32. RoDarrick

    Hi Homer, a very sensitive discussion you have up here and I must say that I enjoyed the read. Being fair and just in one’s dealings is an act that most entrepreneurs have forgotten by deciding to sell their conscience out for money instead. The word of God is meant to guide us and restore sanity into our lives and as such, much respect and diligence must be shown to it by observing the teachings as documented in it. I really fancy this post a lot. Thumbs up

    • Gomer

      Thanks, and I’m glad that you like the post. It’s just a reminder for all of us to always be fair with our business deals. Let us all remember that all of these businesses that we have, they are not really ours, but of God. We are just His managers, and as managers, we are compensated “a portion of the profits” for minding His business. Knowing this fact, there’s no reason to be greedy and take advantage of others.

  33. AmDetermined

    Many dreams have been killed by unfair business practices online and offline. Thank you for discussing about the most important thing we entrepreneurs must observe, which is being fair in our business deals. 

    I always wanted to ventured to start my own business and searched online for opportunities. Unfortunately, I was not lucky to find a good teacher that will genuinely help me succeed. My first and second teacher are not after my success but are after the money I was paying them. 

    But if only I have not given up, perhaps I could have achieved something, and on my own. 

    I find this blog post of yours helpful and inspiring, I will be sharing this on my social media for my friends and family to benefit from it

    • Gomer

      Yes, there are teachers or gurus online that are only after the money, but don’t lose hope as there are also good teachers you can find. Just continue with your search and you will find them. Take caution not to invest big money when you’re unsure of the training program or if the program has a tarnished reputation.

      If you’re in search of legitimate and high reputable training program in online business, I have a good program to recommend to you.

  34. John

    Hey Gomer,
    I’m so pleased to read your post and discover your site.
    We must remember that God knows our thoughts, our feelings and our heart.  
    So we must love our neighbour and be fair in all our dealing with others in life and this includes business too.
    It’s sad that so many are interested in exploiting others and good that you are interested in helping people.

    Another problem in the Philippines seems to be financial literacy.  Can agencies or bloggers or what? help people to have better financial literacy to avoid these costly deals and high interest loans?

    God bless you Gomer, John

    • Gomer

      Oh, yes! Actually, it’s the primary purpose why I started this blog. To teach or share about financial literacy among my countrymen, and as a live example, I used myself via my experiences as a demo. Perhaps, if I could share real-life experiences, people can relate to the lessons being brought out.

  35. janhesa

    your site is informative and easy to understand .you create a website unique. what a great post about being fair in your business deals. 

     If you believe in God like I do, I think that people that have faith do their very best to do the right thing. What a great post you have.

    • Gomer

      People that have faith in God fear God. And when you fear Him, when you love Him, you will obey His will. You will be fair in your business deals!

  36. Jen

    Thank you so much for this article. I definitely agree that it’s important for us to be fair in our business deals. It would be good if we follow the guidelines of the Federal Trade Commission, for example. The Federal Trade Commission exists to protect consumers.
    I appreciate your insights and I think it is sad that many people are unfair in their business deals. I might not be able to change all of them but I can try my best to be as Fair as I can and all my business deals. That means it’s important to be honest about any bias I might have when I’m trying to sell a product.
    Because there are dishonest people, it’s important for consumers to also learn to protect themselves. Thank you for this great article and please keep writing. Take care!

    • Gomer

      We’re so thankful we now have these government agencies tasked to protect us, consumers. It’s just that they’re not being informed of unfair business practices because victims have gone silent and never complaining. So, we consumers have the role to play, to do our part in informing the authorities of any experience arising from an unfair business practice.

      On the other hand, as business owners, we should always keep in mind that the very purpose we’re here, the very purpose we’re doing business, is to be able to help others. What is the use of enriching yourself when at the back of your mind you know you have stepped on someone else’s foot?

  37. Dane

    God bless you for this post Gomer. Most business personnel are only interesting in making money and forgetting we all will give account for it later on. Previously I wasn’t fair in my businesses but when I was faced with the consequences I cried. I urge everyone to deal fair and square in their businesses, its the best. Once more thanks for this post Gomer. 

    • Gomer

      You’re welcome and thank you. When you make God your business partner, you put yourself in a situation wherein you will be aware of the good and bad in business practices. And because you have partnered with God, you won’t take advantage or abuse others. And because of that, you will be blessed.

  38. Sumani

    Hi Gomer, I’m a young entrepreneur and I really find your information more realistic. We are all humans and we should treat each other the way we expect others to treat us, you get what you give out.

    I think if all businessmen understand what is contained in your post, there will be justice in our society and there will more than enough for everybody to survive on.

    The question that bothers me more is that when there is an increase in the price of a particular product but you still have stock, is it advisable to go ahead and sell the product with the new price? Hope to read from you.

    I will share this content with my friend so that they will also benefit from it.

    • Gomer

      In my own business, I have this practice that upon receiving the items for resale, we put tag price on them outright based on the item’s prevailing costs. There are no changing of them afterwards. But in my opinion, there’s no harm in adapting previously acquired items that were purchased at a much lower price to the new higher price as long as it is not a practice of hording which is immoral or illegal.

  39. Darren

    Hi Gomer, loved reading your article ‘Be Fair in Your Business Deals’.  I can see by just reading this how passionate you are in delivering the message of God through your blogging platform.  How are you finding its working out?  Have you been doing this for a long time?  From reading your article I will now remember Micah 6:8 be compassionate with others especially the needy, and you will be blessed.  Thank you.

    • Gomer

      Hi Darren, it’s a blog. And when we say blog, it’s a diary or updates to what I’m doing. So, it doesn’t matter what effect it has on people reading the blog or if it has effects at all, what matters to me is I’m documenting what I’m doing, and that serves me a lot. If it serves others, then it’s a bonus. And as we all know, even though posts like these don’t have immediate effect on people, the important thing is, we have planted a seed. A seed of goodness to everyone.

  40. Monalisha

    Hi Gomer, 

    Thanks for sharing such an important and motivating post on be fair in business deals. It is really very informative article for all who are business man. You also say about God. You are right that we always believe in God but our work doesn’t think so. As a Muslim after reading your post I am determined to INVEST more time in my holi book reading. 

    Thanks again. I’ll share this post with my friends and family so that they also can get this motivational information. 

    • Gomer

      Thanks for your efforts in sharing this blog post to your friends.

      I appreciate your comment that even if you’re a Muslim, you find my blog post helpful and inspiring. 

      The moral law applies to all, whether you’re a Christian or a Muslim. The universal principle of justice and fairness. Just like the golden rule, of doing to others what do you want others to do unto you.

  41. Robert

    What a great post Gomer and I fully agree with you. Even if I were not a Christian I would still agree with you because treating people fairly and with respect is how many of us were brought up by our parents. This pulls from the common sense meaning of being a good human being with sound morals and humility.

    I too have come across people who claim to be Christian, yet when you see how they act and/or what they say, it is easy to see that they are Christian in name only. Now I will be the first to say that I am not a perfect Christian, none of us are, we all fall short of the glory of God. But I always give respect to those who earn it, and at times to those who don’t.

    It comes down to LOVE and this love is not just for personal relationships but can be in business dealings too. When you use compassion and honesty within your business affairs, God will reward you. There will be some to call this karma, but regardless of what it is called, treating your business clients and customers will bring success either now or later.

    Thank you Gomer for your words of inspiration. I hope those who read this post will be blessed in their business in Jesus name. I want to close this comment with one of my many favorite Bible quotes. “There is no fear in love, but perfect love casts out fear. For fear has to do with punishment, and whoever fears has not been perfected in love.” 1 John 4:18

    • Gomer

      That’s something to ponder about, and thanks for sharing. When you love the other person, you won’t do anything wrong to him or her. You will be fair with your deals.

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