Business & Politics
by Joselito Du firstname.lastname@example.org
(Cebu City, Philippines)
The government may be at fault in encouraging banks and other financial institutions in lending money but it is the job of every business management either to loan out or not. It is the work of the board of directors and the management of make the right analysis. Encouraging disbursement is normal in every government and should not be given fault in full.
The effect is a result to what the business is doing and not the government in particular. Therefore, the business should be ready to take the consequences of their action. Remember, there are two sides - the public and the private sectors. It's wrong to say that the solutions lies in the public when in fact it is the private sectors committed the error. Don't cross the line. Private error should be corrected privately and the government should not intervene.
The government may continue what needs to be done but never cross in solving private concerns. Private matters should be left privately and not disturb. If businesses experience losses then let it be. If the community face losses then let it be. It's not good to celebrate or enjoy gains and not to take losses when it comes.
Family business should be resilient in facing all kinds of problem. They may help correct the errors made in the past to bring back good business. If the business is slow then make it run faster. Be part of the solution and not of the problem.
Family businesses should not declare cash dividend in order to improve cash liquidity during difficult time.