A Supplier to Small and Medium Businesses

By | Small Business | No Comments

Many of us are familiar with the trials and tribulations of being a supplier to small and medium businesses. While there are many rewards associated with supplying goods, equipment or services to up and coming businesses and watching them flourish, there is also the worry of receiving payment on time. Often suppliers need to maintain generous relationships with small and medium business owners who cannot meet payments on time and this is a risk that affects the supplier’s business in…

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Collections and working with the right type of customer: Learning from supplier best practices

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Suppliers are constantly faced with two tasks: acquiring new paying accounts and satisfying the needs of their repeat customers. The two are related to one another. When dealing with new accounts, suppliers should focus on developing a lasting relationship with their customers. There are 3 steps suppliers take en route to converting new accounts into satisfied repeat customers. Select Credible Customers KYC (Know Your Customer) Structure the payment plan Select Credible Customers Before accepting business from a new customer, suppliers…

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Small and medium businesses are the economic engine of the economy

By | Small Business | No Comments

Companies with less than 20 employees accounted for 42% of new jobs created in 2013. And when you count businesses up to 499 employees, that number goes even higher (64% of total job growth, April 2013). Starting back as far as 2009, it was a mathematical inevitability that the economic recovery would be lead by SMBs. Paul Kedrosky used the metaphor of a drunkard’s walk to describe how SMBs would fuel the job economy. An inebriated bar-goer, leaving a bar…

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The Ideal Payment Solution for Small and Medium Business Owners

By | Business Financing | No Comments

Behalf is the ideal solution to provide small business loans to run your business and make payments to your suppliers. With a simple and quick application and approval process, funding of up to $5,000 is released directly to your suppliers so that you can focus your energies on running a successful and prosperous business and leave the business funding up to Behalf on orders from your suppliers. Behalf Mission We understand the hurdles and headaches you may face as a small business…

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