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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.
23 Feb 2018
The Bank of England (BoE) has warned that the deadline for spending old £10 notes is rapidly approaching.
22 Feb 2018
Data published by the government's Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female employees.