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At Connor Warin we can provide start-up businesses in the Waltham Abbey 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 Waltham Abbey area and would like help and advice, contact Connor Warin.
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09 Apr 2021
Employees who are working from home will need to make new claims for tax relief for the 2021/22 tax year, HMRC has stated.
08 Apr 2021
A survey carried out by the Institute of Directors (IoD) has revealed that confidence amongst UK businesses has been boosted by plans to re-open the UK economy.
07 Apr 2021
The International Monetary Fund (IMF) has upgraded its UK economic forecasts for 2021 and 2022.