The Small Business Blog

AUGUST 24, 2007

Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. Early payment discounts of 2% if you pay within 7 days. This is like a 24% p.a.

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The Small Business Blog

AUGUST 24, 2007

Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. Early payment discounts of 2% if you pay within 7 days. This is like a 24% p.a.

2007 100

2007 Suppliers 2008 2009 100

The Small Business Blog

NOVEMBER 17, 2009

Get better payment terms by negotiation. It’s obviously fine to try and negotiate payment terms, but I think that deliberately paying your bills late is just bad business. They’d do exactly the same to you if they could – so no false sentiments here. Just make sure you have the money when it is time to finally pay.

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