As you have read in our previous blog posts, the vendors we use and our relationships with them are critical to our success as a company. Vendors can drive new growth and help us achieve profit goals and revenue gains. They are central to many activities and processes in our organizations. Why is Vendor Management important? When we’re caught up in the daily grind of running a business, it’s not easy to keep track of…
For SMBs that want to take their business to the next level, you need help from your vendor partners. Unless you have this help, your business might not reach its potential. We all know vendor partnerships are key to strategic growth and longevity. Therefore, we need to become actively involved in that partnership. Why do we need strong vendor relationships? Having a strong partnership with your vendor is vital to continued business growth. It will…
Are you getting ‘nickel-and-dimed’ by your vendors? This is a great phrase that you’ll hear concerning charges for extra services within a larger service or purchase. According to Grammarist.com, the phrase ‘nickel-and-dimed’ has been around since the 19th century. Originally, it meant small amounts of money. It wasn’t until the 20th century that this phrase became a verb and an adjective for descriptive purposes. It’s a relevant phrase when it comes to the SMB-vendor relationship.…
When a Business relationship with vendors is good, it can form a strong and strategic partnership that strengthens and develops your business. Many businesses don’t have the capability or skills that are needed to build marketing and sales in their business plans. Vendors can support businesses in this area. Vendors have the resources to tap into their expertise and provide guidance on how your business can promote your services. A vendor can give advice on…
Finding the right IT vendor for your business’s needs is about more than just clicking the first link that shows up on Google. You need to perform due diligence by asking questions and exploring all potential partners before making a decision. After all, it’s easier to figure out how much more an IT vendor or managed service provider (MSP) can do for you before signing a contract than trying to renegotiate afterward. As you’re vetting prospective IT…