LeadershipPersonal DevelopmentProfessional DevelopmentDon't Forget About Your Vendors - Meredith Eicher

Almost all business owners and CEOs are worried about cash flow and the possibility of ruining a relationship with a key vendor. The most important thing you need to keep in mind at this point is open communication.

You need to call your vendor and explain your current position. Discuss the possibility of extended terms and learn how much flexibility you have. Also, see how you can be of value to them. What can you do to help them?

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