Supply and Demand

Owning a business means many things including keeping the customers, supporters and clients happy, in addition to making sure the employees are paid on time.

However, who makes the owner happy and satisfied in a timely manner?

Hopefully it is your suppliers.

Yes, the people who make sure your credit card machine is running correctly; the server doesn't crash; the cash register updated; the phone lines up; the mail delivered, etc, etc. The question is, as a business owner, how do you maintain a relationship with your suppliers that are based on respect and prompt attention to each other’s needs?

Here are some ideas:

·         Solicit feedback from each so you both are working in tandem, correctly.

·         See situations from all points of view when in a possible dispute.

·         Develop action plans or mutually agreeable terms when entering or renewing contracts.

·         Let your supplier know as soon as possible if permanent changes need to be made to a service they provide.

·         If your supplier is doing a great job, let others know. They will appreciate it.

One the most important things that you as a business owner can recognize as a key to success is that everyone is pretty much seeking out the same things as you including building a great band and keeping it operational – and profitable.

 Work together to make it so!