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At DMC Partnership we can provide start-up businesses 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 and would like help and advice, contact DMC Partnership.
18 Jan 2019
Research carried out by NatWest has suggested that the 'rising cost of living' is causing financial concern for young people in the UK.
If you wish to schedule an initial consultation then please request a call back using our helpful form below, and we will be in touch as soon as possible.