Pay Suppliers on time!

by Don Sanders, 05/01/2003

The best way to set yourself apart from your competitors is by having the ability to process your clients' rush orders. Since you must rely on your suppliers to do this, you need to have a good working relationship with each of them. By paying promptly, most suppliers will go overboard for you during the times when you need them the most--like when you have a short due date. Never tell a supplier that you cannot pay them until you are paid by your customer. You certainly do not want to ask a supplier to process expedited orders if you owe them money beyond terms!

Moral of the story:

Paying promptly makes you more money in the long run.