Doing Business Based on Trust and How it Can Backfire
This article is intended as a general warning to anyone embarking on a business venture with someone who you believe you can trust, or who you have worked with for a long period of time.
The article is written following an arrangement with a man called Peter White who is the sole proprietor of a mortgage business named either Aston Mortgages and Ownbuild. What happened should warn others about some of the dangers of partnerships based on trust.
Peter was a longstanding former client of a business I worked in as a web marketing director for several years. I had no reason at the time to think that Peter was anything other than honest and straightforward, albeit he was always shall we say looking to squeeze down prices and obtain services at a reduced rate.
After the company I worked for, and that Aston Mortgage was a client of, went into administration we kept in touch. During the following year Peter came to me with a number of business propositions relating to websites. I rejected all but one, which seemed to have some potential. Because of my long term business relationship with Aston Mortgages I went ahead with this without a proper agreement