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Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
If the supplier knows you are ready to buy for the right price they will cut you a deal. Promise to buy from one supplier for better payment terms, like 60 or 90 days. Getting a better price is especially easy to do right now, since suppliers are tripping over themselves to get business. Get better payment terms by negotiation.
Even if you have staff – outsourced of employed – doing your bookkeeping and organize the payments for you, you need to make the decisions of when your suppliers get paid, so you can control your cash-flow. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
This will allow you to stay in close touch with your supplier, and get real time up-dates and feed-back – there are other benefits too. If it becomes a distraction, deal with it immediately, if need be change supplier. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo! Do It Online. Don’t abdicate.
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Many small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses, fold because they don’t look after the money. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Let me give you some pointers here, but please remember you can always do more on the cost-cutting front in any small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants.
The recent downturn has made companies think twice about who they are dealing with and has made them potentially more likely to switch suppliers. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo! Perhaps to your firm? Here are a few ideas to get you and your sales team fired up!
Ethics And Small Business » « Previous Entries This entry was posted on Thursday, October 18th, 2007 at 9:26 am and is filed under Accountants/CPAs , Question & Answer , Small Business / SOHO , Sole-Trader , Suppliers , start-up in business. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
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In both cases it is true to say, it does not matter what kind of small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants, you run. Digg Furl Netscape Yahoo!
Small Business Start-Up Idea – Weight Loss Consultation by Stefan Töpfer on Apr 30, 2008 In recent years there has been a far greater emphasis placed on the importance of living a healthy lifestyle. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Restructuring – a word used by BIG Business to lower cost, fire employees and squeeze suppliers. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo! . ‘Restructuring’ or Cost-Cutting For Small Business Enterprise With WinWeb OnlineOffice. The small business owner was at a clear disadvantage – until now!
Suppliers will probably thank you for short meetings, so they too can get more done. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo! Remember this is a rule for internal meetings, for meetings with customers this rule does not apply – within reason of cause. The customer should determine the length of the meeting.
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