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Building relationships with suppliers.
At Curnow & Co we can provide start-up businesses in the Cambridge 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 Cambridge area and would like help and advice, contact Curnow & Co.
03 Aug 2021
A survey carried out by the Confederation of British Industry (CBI) has revealed that in the three months to July, private sector activity across the UK economy grew 'robustly'.
29 Jul 2021
The fifth instalment of the grant opened for applications in late July