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Building relationships with suppliers.
At Lovetts we can provide start-up businesses in the Hatfield area with help and advice. Here are some basic considerations regarding suppliers and purchasing.
When it comes to building a market and servicing it, you and your suppliers are on the same side, so you should consider trying to build a relationship with them that reflects that.
Sit down with them as 'partners' and try to work out an arrangement that benefits both parties.
Try to identify:
In a period of economic difficulty or uncertainty, remember that suppliers might raise their prices, so try to negotiate a long-term discount with them.
You could also consider putting all major costs out to tender on a regular basis.
If you are starting a business in the Hatfield area and would like help and advice, contact Lovetts.
The Treasury has extended the temporary scrapping of VAT on personal protective equipment (PPE) until the end of October.
The government plans to give UK businesses £111 million in order to fund new traineeships and get young people in England into work.
A survey commissioned by HMRC has found that a lack of knowledge amongst UK businesses has contributed to Making Tax Digital for VAT (MTD for VAT) non-compliance.