Met up with a friend in Dallas I sold door to door with 20 years ago.
We spent a few hours swapping stories about family, past wins, and lessons that cost us something to learn.
Our businesses now have a lot of overlap we didn't plan.
Twenty years of living in between and we picked up right where we left off.
Those relationships are rare. Don't let them go quiet too long.
@BrettNottingham @michaelpatron0 Finally a response that made sense. Blue collar guys don't understand that money means nothing to the rich. What matters to them is time.
@SandyofCthulhu I remember a memo to the President written by a CIA analyst in 1983 who actually predicted the collapse of the USSR for a host of reasons which turned out to be true. I expect he was often ignored by anyone other than Ronnie.
I will post it if there is interest.
@djwindle@FortWayneCPA Lots of entities have referral agreements in finance that owe their clients a duty of loyalty. Referrals don't by default cause problems. There can be a win win scenario. If I was a CPA I would definitely look into the industry rules on referrals.
@djwindle@FortWayneCPA I dont know CPA ethics rules but compensated activity should not always presumptively imply a conflict. You can have incentives and still act in your client's best interest. But yes disclosure is typically a cure in many industries.
@FortWayneCPA@djwindle Arguably it could depend on exclusivity and disclosure. I am not a CPA but I would think disclosing the relationship and having non exclusive referral agreements with a variety of firms would cure this.