Suppliers
Some questions to consider when reviewing your suppliers for the preparation of a business plan:-
- Who are your major suppliers and for which products/services?
- What are your annual purchases?
- What are your suppliers’ terms of trade?
- Have you negotiated the best terms of trade with suppliers?
- Are there alternative suppliers?
- Do you involve suppliers in marketing/promotion activities?
- Do you negotiate special prices for specific purchases?
- Do you obtain quotes from alternative suppliers?
- Have you given personal guarantees to suppliers?
Business Plans – Questions to Consider
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This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!).
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Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 799 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis
