Does it seem like every time you turn around there are more vendors to choose from when it comes to your business? It’s a job in itself to choose your next vendor partner. However, having the RIGHT vendor is critical to the success of your business.
Vendors can be a great help when it comes to compliance concerns and operational efficiencies. Having a vendor can make processes move faster, and they give you peace of mind knowing that everything is being worked on and are consistent with your business.
When it’s time to decide on a new vendor partner, there are a few items you should add to your checklist. Sure, the price is always important to keep in mind. However, it should never be a deciding factor.
Only focusing on price could cause disaster for your relationship with the vendor.
First and foremost, you want a vendor with the same work ethic and values as you. You want your vendor to be a partner and extension of your business, not just another vendor. Having the same values will make the relationship easier and stronger. It truly makes a difference when a vendor understands you and your goals.
Find a vendor with the same work ethic and values as you.
You’ll also want to make sure that your new vendor supports you and your business. Do they really understand and care about the business?
If you choose well, your vendor becomes a valuable part of your business. The goal is to find a partner, not just a vendor.