Trust is crucial requirement to the success of any relationships be it a relationship that has financial commitment, friendship or even building an intimate relationship. Just as trust is needed in most areas of relationships, the same way trust is required in businesses in order to help companies to achieve what you want through them
In the past, when most trade and finance were conducted by people who knew each other, trust or mistrust developed naturally. In small communities, sanctions, like exclusion, could be a powerful means of preventing abuse of trust. But today, in a global financial system, people are forced to interact with strangers, and trust cannot be established as it was in the past.
Trust takes a very crucial role in business and create a very strong foundation for the success of all services or company’s development.
When trust is not established, transactions failed, business collapsed, relationship dies and so many businesses that require it, in fact it is a first thing to have before any types of business commenced between two people or group of people.
- Start Ups, Business