Here are four ways in which distrust will cost you. Loss of Customers: Brand damage leads to people avoiding your brand – you lose customers. Distrust for your business will make them move away quickly because beyond buying your products, customers want to build a good relationship with a credible, trustworthy brand. Like good credit with the banks, your business shouldn’t loss social credit due to distrust. High Operations Cost: Ask any CFO and they will confirm that business relationships with no or low trust are more expensive to manage.

Source: The Star April 17, 2020 00:56 UTC