← Little Founders · Level 2
Business ethics · 12 min

Being Honest in Business

Customers come back when they trust you. Trust comes from honesty.

Give people what you promised, count change correctly, and say sorry if you make a mistake.

If a customer thinks you gave them the wrong change, first listen to what they say. Ask a grown-up to help you count and check the change together. If you made a mistake, say sorry and fix it fairly.

You, imagine you're selling paintings and you promise to use red, yellow, and blue. If you forget the blue paint, honesty means telling your customer and fixing the painting to make it right.

Learning objective

Use a kind, fair repair when a sale goes wrong.

Notice
A mistake
Explain
Tell the truth
Repair
Make it fair

Understand the mechanism

A promise helps a customer know what to expect. Honest selling means describing what you really have and giving the right amount.

Mistakes can happen even when we try. Hiding a mistake makes it harder to fix. Tell a grown-up, explain what happened and agree a fair repair.

Put it to work

Practice saying: 'I made a mistake. Here is what I can do to fix it.' If someone was given too much change, politely ask to correct it; do not grab money. If you gave too little, return what you owe.

Worked example

  1. 1

    A drink costs $1. A customer gives $5.

  2. 2

    The correct change is $4. You give $3 by mistake.

  3. 3

    Say sorry and give the missing $1 with a grown-up's help.

Trust grows when your words and actions match.

Your practice lab

You promised two cookies but packed only one. What should you do?

Personal scratchpad · not graded or saved

Case study

Sam's Super Bracelets

Sam started a business making colorful friendship bracelets. He promised each one had a special shiny charm. He was getting very busy and accidentally packed a bracelet for his friend, Maya, that was missing its charm.

When Sam gave Maya the bracelet, he noticed the charm was gone. Instead of hiding the mistake, he said, 'Oh no, I'm sorry! I forgot your shiny charm.' He asked Maya to wait one minute while he got a charm and carefully added it to her bracelet.

Maya was so happy that Sam was honest and fixed the problem right away. She told her other friends how great Sam's bracelets were and how he always keeps his promises.

Being honest and quickly fixing a mistake builds trust and can make your customers even happier.

Illustrative example — names and figures are composites for teaching.

Your Venture Blueprint · Leadership
View blueprint

What is your main promise to your customers? Write one sentence about how you will be honest in your business.

Example: My promise is that my lemonade will always be fresh. If I make a mistake with change, I will always tell the truth and fix it.

Go deeper — outside resources

Key ideas

  • Trust brings customers back
  • Keep your promises
  • Fix mistakes honestly

Try it: Think of a time someone kept a promise to you. How did it make you feel?

Quick check

1. You gave a customer too much change. What do you do?

2. Why is it important to be honest with your customers?

3. You are selling cupcakes and promise each one has sprinkles. You realize you sold one without any sprinkles. What should you do?

4. What does being honest in your business mean?

5. A customer thinks you gave them the wrong change. What should you do first?

6. If you make a mistake, saying 'sorry' is the only thing you need to do.