6 Lessons In Management That Everyone Should Know

Lesson 1:

A man is getting into the shower just as his wife is finishing up hers, when the doorbell rings.

The wife quickly wraps herself in a towel and runs downstairs.

When she opens the door, she founds Bob, the next-door neighbour.

Before she says a word, Bob says: “I’ll give you $800 to drop that towel!”

After thinking for a moment, the woman drops her towel and stands naked in front of Bob. After a few seconds, Bob hands her $800 and leaves.

The woman wraps back up in the towel and goes back upstairs.

When she gets to the bathroom, her husband asks: “Who was that?”

“It was Bob, the next-door neighbour,” she replies.

“Great,” the husband says, “did he say anything about the $800 he owes me?”

MORAL OF THE STORY: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.