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Building relationships with suppliers.
At Ling Phipp we can provide start-up businesses in the Nottingham area with help and advice. Here are some basic considerations regarding suppliers and purchasing.
When it comes to building a market and servicing it, you and your suppliers are on the same side, so you should consider trying to build a relationship with them that reflects that.
Sit down with them as 'partners' and try to work out an arrangement that benefits both parties.
Try to identify:
In a period of economic difficulty or uncertainty, remember that suppliers might raise their prices, so try to negotiate a long-term discount with them.
You could also consider putting all major costs out to tender on a regular basis.
If you are starting a business in the Nottingham area and would like help and advice, contact Ling Phipp.
18 May 2018
HMRC has added two new software providers to its Making Tax Digital (MTD) for income tax pilot scheme, bringing the current total to four.
17 May 2018
A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of 'at least' £260,000 to ensure a comfortable retirement.