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In this episode of the Business Buying Strategies Podcast, Jonathan welcomes back Peter, who shares his journey of purchasing and integrating four businesses, achieving a combined annual revenue of $6 million over the past three and a half years. Peter discusses the complexities of post-acquisition management, including integrating staff, maintaining business continuity, and fostering a positive company culture. He emphasises the importance of treating employees with respect and ensuring clear communication to alleviate post-acquisition anxieties. Peter also explores the strategic decisions surrounding customer relationships, pricing re-evaluations, and tackling staff turnover. He reflects on his personal growth and the transformative impact of transitioning from an employee to a business owner. Key moments 01:24 Introducing Peter and His Business Acquisitions 01:54 Post-Acquisition Challenges and Integration 02:41 Maintaining Employee Morale and Business Continuity 05:49 Integration of Business Practices and Branding 08:31 Financial Management and Lending Strategies 12:06 Customer and Supplier Relations 13:17 Staff Communication and Consolidation 21:52 Personal Growth and Future Plans 24:50 Conclusion and Final Thoughts ** Looking for a great acquisition lawyer in the UK? Use mine! ** If you are looking for a lawyer in the UK to help you get the deal over the line, then use my own lawyer, John Andrews. You can phone his office at (0345) 2412494 or email him at johnandrews.deallawyer@jmw.co.uk. Ready to get started? Here's how you can start your business buying journey… Download our free Business Buying Toolkit https://dealmakers.co.uk/business-buying-toolkit Join our Business Acquisition FastTrack programme https://www.dealmakers.co.uk/fast Already bought a business? if you've already bought a business, you should be part of my Inner Circle group where we discuss raising capital, integration management, and exiting. Email Maria on hello@thedealmakersacademy.com for more information.
Jim Vrondas from World First joins me today and we chat about the importance of Supplier Relations, actually visiting your suppliers rather than relying just on Alibaba for your sourcing needs from afar. At the Amazon Collective back in March, Jim did a presentation about Forward Contracts which sound might sound a bit ‘dry' but […] The post TAS 161 – Forward Contracts, Canton Fair, Supplier Relations and auditing your Supply Chain. Jim Vrondas from WorldFirst explains. appeared first on The Australian Seller.
When you are approaching suppliers for your product business what do they want from you. What are the red flags when deciding which suppliers to work with for your fashion brand or product start up. We answer these and much more in Ep 153 of start scale succeed I chat with Sheredene Rose Ex head of design for Monsoon and co-founder of Kappas India a supply and manufacturing company for fashion garments Tips for Working with Suppliers: - Key questions to ask regarding product fit, social compliance, and ethical practices.sampling and MOQ - Importance of early assessment of communication and payment terms. Product Sampling Costs - Insight into factory sampling costs being typically two to three times the bulk cost price or FOB price. Informed Design Choices: - Importance of hit rates in sampling and order placements. - Caution against offering too many options and mismatched quantities without market demand research. *Market Intelligence & Supplier Relations: - Necessity for clarity, understanding of pricing, and strong relationships. - Warning against unrealistic expectations and frequent design changes. Guest Sheredene Rose Sheredene shares her transition from a corporate design background to founding her own brands and a supply business in Delhi. Post-COVID, she and her partner Gagan pivoted from traditional retail to supporting online businesses, emphasizing the need for a clear product vision and well-thought presentation for success. https://www.iislaandbird.com/shop/ www.kapaasindia.com The Buyer and retail coach Nicole Higgins Links https://www.instagram.com/thebuyerandretailcoach/ https://www.linkedin.com/in/nicolehigginsuk/ https://thebuyerandretailcoach.com/ https://thebuyerandretailcoach.com/newsletter-sign-up/ https://thebuyerandretailcoach.com/free-discovery-call/ https://thebuyerandretailcoach.com/blog/ Sponsor Neon Digital Clicks Are you ready to scale your ecommerce store? Want to do it without having to wear yet another hat and become a digital marketing expert? This episode is brought to you by Neon Digital Clicks, THE paid-traffic partner for family and women's e-commerce brands wanting to scale their stores from five figure to six figure months using Meta, Google and Klaviyo marketing services. Neon is offering listeners a FREE scaling audit worth £3000! So whether your sales have plateaued or you're looking for growth, this is a great opportunity to lift the lid on your biz and identify where the opportunities are hiding. Head to scaleandglow.com to discover just how much revenue you could scale your store to this year. https://scaleandglow.com/ https://neondigitalclicks.co.uk/ https://www.instagram.com/neondigitalclicks/
Andy Harmer talks to Anna Perrott from Panache Cruises and finds out how a newspaper advert took her off the path towards professional golf and into the cruise industry. As well as sharing details about her current role as Head of Supplier Relations at Panache Cruises, Anna also shares what led her to co-found the working parent forum “Back in Time for Bed” which supports and raises awareness for anyone who may be struggling with the their work life balance.
Purchase to pay quick tips are a series of short best practices tips designed to help the viewer run a more efficient P2P operation. The fifth focuses on supplier relations, specifically poor vendor relations, i.e. when relations between accounts payable and procurement with suppliers or vendors is not good. This can lead to animosity on both sides. This video shares a few tips that will help viewers get their relations with suppliers back on the right track. #accountspayable #P2PQuickTip #accounting Good relations with vendors are important if you don't want to waste valuable time and resources arguing with a valued business partner. When relations with vendors and suppliers are strong, it makes life a lot easier for both parties. That's why accounts payable, purchasing and P2P are strongly advised to take care and establish a good relationship with all suppliers. The tips included in this video will help everyone take a realistic view of what it will take to get rocky relationships onto a level playing field and set realistic expectations of how long it will take. Do your relations with your suppliers STINK? Do you want to change that, improve the relationship and move on? Stick around while we share some tips on how to make that much-needed change. Link to Purchase to Pay Quick Tips Playlist: https://youtube.com/playlist?list=PLtL6rWSXZ-Hci6r3HHsWJDv8tr1z9wKqP Learn more about Compleat: https://hubs.ly/Q01b1z2v0 Host: Mary Schaeffer www.ap-now.com
Today's headlines and Stellantis' tanking supplier relations (05 24 22) by Automotive News
Dan and Will are joined by their first guest ever! Stacy Corona from Twin Health talks about supplier relations and a former President that shaped her approach to business.Want to suggest topics or get advice on your supply chain management? E-mail us at: Hello@Anvyl.com
Suppliers can be a key to your system's performance. This is how Toyota does it.
In this episode I interview Larry Cooper, formerly of the Professional Cleaning Network and now producer of The Experience Convention and Trade Show. Larry has been a tireless volunteer in the cleaning and restoration industry, working with regional cleaning and restoration trade associations and the Institute of Inspection, Cleaning and Restoration Certification (IICRC) for over 35 years.In the podcast Larry talks about the beginnings of his cleaning and restoration career, the challenges he faced and how he and his team overcame a multitude of obstacles. Larry talks about the importance of education and the value of relationships with customers and suppliers and how those connections helped him achieve millions of dollars in sales volume. He talks about the absolute necessity of business planning and how those planning sessions literally changed everything.Listen as Larry explains how he and his wife Tryna built an extremely successful business and family life by taking advice from industry mentors and as they continue to have the family life today as their business has moved on to another role in the cleaning and restoration industry. Larry continues to bring people and ideas together to further his vision for how cleaning and restoration should be considered as essential now and into the future.
"I just feel lucky that I got a chance to share my crummy story with anyone out there who thinks they’re the only one to take a dump in a paper shredder. You’re not alone sister. Let’s get a beer sometime." Meredith Palmer is Dunder Mifflin’s resident partier, Supplier Relations rep, minivan driver, and PhD of school psychology. We devote this week’s episode to her and how she’s become more and more of a favorite character of ours over time. We go through all the car accidents, rabies incidents, shaved heads and surprise rehab visits she has during the show, while highlighting all the times she helps out other characters and unapologetically is herself. “Shaboom! How do you like me now?" After that we head to the conference room to discuss what the show would be like without Andy, give some quarantine TV/movie picks, and play another round of Office trivia. Good night, Mary Beth! Support our show and become a member of Scott's Tots on Patreon! For only $5/month, Tots get exclusive access to our monthly Mailbag episodes (+ the video version!) where we casually pick through every single message/question/comment we receive. On top of that, a portion of all show proceeds are donated every month to organizations that help fund education opportunities for minority students. Help us accomplish the mission that Michael Scott could not.
Old friend and fellow travel lover, Rob Hornman, discusses the differences between travel and tourism with David. He says real travel is about taking your time, enjoying the chance to explore a place, meeting local people and exploring. Food in particular has shaped many of Rob's travel experiences, offering a window into the true rituals and culture of the destination. Having not lived in his home country of the Netherlands for many years, he says his communities are global. You simply live your life and carry on that life in the different places you visit. The ability to do this has been a key thing he's missed during the current COVID-19 crisis.
- Renault-Nissan Hit by Cyber Attack- Toyota Considers New Battery Plant- New Battery Can Be Recharged In 5 Minutes- GM Improves Supplier Relations- First Look: Nissan Rogue Sport- The Mind Behind the 1st Fuel Cell Car
- Renault-Nissan Hit by Cyber Attack - Toyota Considers New Battery Plant - New Battery Can Be Recharged In 5 Minutes - GM Improves Supplier Relations - First Look: Nissan Rogue Sport - The Mind Behind the 1st Fuel Cell Car
- VW Picks the Wrong Fight - Yeah, It’s Got a HEMI - Skoda Puts the Gloves On - Hyundai Teams Up with Amazon For Test Drives - The History Behind the 1st Camaro
- VW Picks the Wrong Fight- Yeah, It’s Got a HEMI- Skoda Puts the Gloves On- Hyundai Teams Up with Amazon For Test Drives- The History Behind the 1st Camaro
With price comparison websites and travel agencies boasting their efficiency, Jason Hartman takes the chance to talk to the Senior Vice-President of Supplier Relations at www.CheapOair.com, Thomas Spagnola. Together, they talk about what you should do if your flight gets delayed and cheat tricks on how to get the best value for money on your flights, as well as talking on a more general level about how companies such as CheapOair come to be so successful and popular. Key Takeaways 02.24 – Travel companies such as CheapOair relies on having good relationships with other related firms, the same as any industry does, really. 05.54 – Finding a company that can organize everything you need for an open-jaw journey is a blessing. 07.18 – Tom Spagnola gives his top tips on what to do if your flight is cancelled or delayed. 10.07 – Take advantage of your airline’s update options so that you know the exact status of your flight. 12.45 – Think back: when were you last on a flight with lots of empty seats? 14.23 – Jason Hartman asks the questions on everybody’s lips about gaming the travel system. 17.14 – For more information about the company featured on today’s show, head to www.CheapOair.com Mentioned in this episode www.CheapOair.com Travel apps available on iTunes, Android etc. FlightTrack Flight Aware Air Help
A company called Planning Perspectives, which tracks supplier relations, says the Detroit Three have improved dramatically, while the Japanese, in the words of the study’s author, "have lost their way." Volkswagen, at its new plant in Tennessee, will be paying its hourly workers $27 an hour, including wages and benefits. That compares to about $52 an hour for GM and Chrysler and $58 at Ford. The average age of cars and trucks on the roads in the U.S. is getting older. All that and more, plus a look at the convertible version of the Camaro 2SS.