2953
6 min 4 sec

Q&A: “How can I negotiate better terms with my suppliers?”

In today’s episode, we help a bakery owner navigate supplier negotiations. Learn how to improve payment terms, reduce costs, and build stronger partnerships with your vendors.
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What It's About

This bakery owner needs some advice on working with his partners.

Notes from Chris

Episode 2953
Welcome back to Side Hustle School! Today, we’re hearing from Kevin in Albuquerque, who runs a small bakery. Like many small business owners, Kevin relies on suppliers for the materials that keep his business running, but those costs can add up fast.

He wants to negotiate better payment terms without straining the relationships he’s built with his suppliers. Let’s explore how Kevin can approach this conversation strategically and get better terms without risking those partnerships.

"Hi, this is Kev from Albuquerque. I run a small bakery, and I’ve been tuning into your show for about a year—so much good advice, thank you! Here’s my question: I order a lot of supplies, like flour and specialty ingredients, and the costs add up fast. I feel like there’s room to negotiate better payment terms, but I don’t want to risk damaging the relationships I’ve built with my suppliers. What’s the best way for a small business like mine to approach these kinds of negotiations? Are there specific strategies that work better than just asking for a discount?"

Listen to today's episode to learn more...

 
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