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12 tips to help SMBs select and manage vendors

Jennifer Lonoff Schiff | Aug. 26, 2016
Small business owners and experts share their strategies on how to build a successful, lasting partnership with suppliers/vendors.

12. Know when to say goodbye. “Partnerships that have outgrown themselves or become unsuccessful can get expensive,” says Ian Small, CEO, Audiobooks.com. “Have a clear idea of when to cut ties, and make sure you’re able to walk away. This takes prior planning and the firm establishment of a fair termination clause to protect both parties.”

 

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