Posts Tagged ‘suppliers’

Integrity | A Business Essential

I’m amazed at the number of companies I hear about who have caused customers, employees, and suppliers immense financial pain because of a lack of integrity. Think about the housing bubble and the financial fiasco creating with the collapse of the sub-prime housing market and the bundled loans. What about the Madoff Ponzi scheme? How many people were hurt there?

Trustworthy and Dependability

In the posting Talk to Your Vendors we looked briefly at Read the rest of this entry »

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Inconsistent

In a recent posting Be Different I looked at the need to be willing to take a different path from others. The point was that we cannot just blindly do what everyone else does. That was not intended to say that we always act differently, but only as a warning that we all need to be careful about what habits we adopt.

But Then There is Consistent

Despite the need to be willing to be different, that does not imply that we can constantly be doing things a different way. For the most part, customers want to know Read the rest of this entry »

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Hidden Danger of Inflation

Inflation is one of those things that seem to sneak up on us. One day we are not aware of it, and then all of a sudden we go, “This price seems kind of high.” The surprise is because we don’t normally think about what we have been paying for things, but rather ignore prices until they suddenly seem out of line. This is the hidden danger of inflation in action. Oh sure, we notice Read the rest of this entry »

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Why Are You in Business?

Have you ever stop to consider the question as to why are you in business? Typically the answer to that question is something like, “I was tired of working for and making money for other people” or “I wanted to be independent” or “I thought I could make more money with my own company.” While all of these may be valid, I believe each of them leave a business owner exposed to Read the rest of this entry »

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We All Need Partners

There is something about the individual who goes it alone that we tend to admire. Yet, the reality is doing it all yourself and being successful is the exception rather than the rule. Generally, out of necessity and desire, we develop strategic partnerships that help us and our partners. By that I don’t necessarily mean partners in our company. We can view our relationships with our vendors (See Managing a Vendor for more on this) and our customers (See Managing Customer Relationships for more) as strategic partnerships where each is meeting some need or desire of the other. The bottom line is Read the rest of this entry »

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