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201 GREAT IDEAS for Your SMALL BUSINESS, Third Edition by Jane Applegate

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GREAT 53 IDEA: Expand Your Vendor Network

Is your business overly dependent on one or two suppliers for the things you need on a regular basis? What would happen if your primary supplier called today and said he or she unexpectedly ran out of the materials you need? What would your employees do if the delivery truck broke down in Ohio, and your raw materials were sitting on the side of the highway for three days?

Although most small business owners prefer to establish stable, long-term relationships with vendors and suppliers, savvy entrepreneurs always find alternative sources for key products. Being loyal to vendors is important, especially if what you need is in short supply. But things change. You have to protect yourself and your workers ...

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