Kayleigh, February 22, 2017
One of the most expedient financial decisions you need to make in a restaurant venture is where to purchase goods. It implies that suppliers have to satisfy your requirements before the transaction process can continue. Quality of the goods, delivery times, payment terms and many other factors should be decided before doing business with a supplier. A good price that will make both parties happy should be discussed as well. This is because a good price that favours both parties remains the backbone of any business transaction.
Your supplier’s position should be understood to help facilitate the deal. Ensure that everything about the business is on table to reach a deal. Before you start to negotiate, be prepared for compromise. Make a decision on what compromise that you can afford and not. It is important to know that the success of your business remain the difference between expenditures and revenues.
Below is a list of the most important factors that you should consider when choosing a food supplier for your café: