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Building relationships with suppliers.
At Farquhar Partnership we can provide start-up businesses in the Bristol 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 Bristol area and would like help and advice, contact Farquhar Partnership.
Contact us today for an initial consultation
Let's discuss how we can help you or your business.