Business commitments: Is your word your bond?

โ€˜Gumpsโ€™, the oldest member of my family, is a 91 year old country stockman. Back in the day, he did big deals on nothing more than a handshake. But it seems business commitments and promises are getting increasingly casual. Is your word your bond?

Gumps was telling me that a couple of water bills that showed usage a little on the high side, prompted him to drop by his local water authority. It wasnโ€™t the cost he was concerned about, but the wastage.

He was greeted by a โ€˜young fellaโ€™ who assured him the water used was within the normal range for a couple. Gumps, who has two huge rainwater tanks and is quick in the shower, insisted that they didnโ€™t use that much.

Eventually he was told โ€œLet me look into it for you and let you know if I find anything.โ€ Gumps headed off unsatisfied, expecting to hear nothing more of it.

Millions of casual promises are made in business and life every day:

  • โ€œIโ€™ll give you a call tomorrow.โ€ 
  • โ€œIโ€™ll be there at 3pm.โ€ 
  • โ€œItโ€™ll only take 5 minutes.โ€ 
  • โ€œIโ€™ll send you a quote first thing.โ€
  • โ€œIโ€™ll make a decision next week.โ€ 
  • โ€œYour call is important to us.โ€

Mostly the intentions of the business commitments are genuine, but often they are meaningless utterances said out of habit. The problem is that they erode peopleโ€™s trust in your โ€˜realโ€™ promises and reliability.

I like to finish business conversations with a commitment to action or โ€˜next stepโ€™. I know, however, that I need to keep the business commitment or not make it at all.

The good news is because people are used to being let down in a world of casual promises, itโ€™s easy to set yourself apart just by doing what you say youโ€™ll do.

Thatโ€™s why when Gumps received a letter and cheque in the mail a few weeks later he was so astonished that heโ€™s been raving about the great service ever since. Why? All because the young lad had simply โ€œlooked into it and got back to himโ€ as promised. And it was their error in the first place!

This level of service should come as standard, but itโ€™s rare.

Itโ€™s the same old but true chestnut; under-promise, over-deliver. Or as Elvis would say โ€œA little less conversation, a little more action.โ€ Iโ€™d love to hear your thoughts on business commitments, I promise.