Follow the golden rule of business
As a small business owner, you understand how stressful running a business can be, so it’s important to keep in mind that your vendors and suppliers are likely business owners themselves. Treating them the way that you’d want to be treated is key to building good relationships—and getting more out of your business partnerships in the long run. Find out how Plastiq can make it easy to pay with your business card.
Build relationships for the long term
It can be tempting to constantly comparison shop for for lower prices, or to spread your business relationships among a number of vendors. While it makes sense to find the best partners for your business, it pays to build better relationships with people you trust. Not only does it help ensure consistency and help keep you organized, but better relationships can often lead to preferred pricing or expedited service over time.
Use the right tools
Thankfully the days of pen and paper ledgers are long gone. Software and other online resources can help you manage and track payments, stay on top of inventory and automate a lot of the work that goes into maintaining your vendor relationships. Your business partners might never know what tools you use, but they’ll definitely appreciate everything running on time.