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Building relationships with suppliers.
At Ashworth Treasure we can provide start-up businesses in the Lancashire 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 Lancashire area and would like help and advice, contact Ashworth Treasure.
13 Feb 2025
The UK economy grew by 0.1% in the final quarter of 2024, according to the latest data from the Office for National Statistics (ONS).
12 Feb 2025
The British Chambers of Commerce (BCC) has urged the government to help firms grow and 'get Britain thriving'.