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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.
17 Apr 2024
The UK's annual inflation rate fell in March for a second consecutive month, dropping to 3.2%, according to the latest figures from the Office for National Statistics (ONS).
16 Apr 2024
The British Chambers of Commerce (BCC) has warned that UK small firms are 'treading water' on investment.