Contacting Suppliers For new businesses, getting suppliers on board is simply a matter of reducing their exposure to risk. The risk appetite for suppliers depends on four things: The size of the order in dollar terms The past relationship with the buyer The payment terms for the order (upfront payment equals lower risk) The size, reputation, and seriousness of the
Is Business Ownership Right for You? Variety of Assessments widely available online to help you decide if you are ready Goal of the assessment is to help you determine whether business ownership is right for you LONG-TERM. Assessments – Topics general focus on 4 main areas Reasons: What are your reasons for wanting to start
Maintaining supplier relationships is key to developing and scaling your small business. Quality relationships with your suppliers not only secure your supply chains and distribution, but can also be important sources of information. Whether you are positioned as business-to-business or business-to-consumer, ensuring your suppliers are happy will make all aspects of your business run more
By Jacob Carrico, Nevada Small Business Development Center Advisor 2020 precipitated a massive shift in the way the world perceives working out of the home. With the advent and broad acceptance of technologies like Zoom, Basecamp, and Dropbox, accomplishing work from home has not only become quicker and easier; for some, it has become the
As a new business owner, understanding your potential business insurance needs can be unclear and stressful. There are two big questions that often circulate in new business owners’ minds: 1) What kind of insurance do I need? and 2) Where do I start looking? Let’s talk through these questions to help you better prepare for