Things to Consider When Hiring Vendors

Mar 20, 2019 | Uncategorized

Written by Marie Martin

In

Often while running your business you will have to hire outside people to help. Here are things to consider.

What services do you need?

Get the scope of necessary work by speaking with a professional. True needs are often different from what you may believe. Keep an open mind during the process. Find partners that build mutual trust in the relationship.

What are their qualifications?

Ensure their qualifications match your needs. If you are replacing a small sink, you may need just a journeyman plumber, not a master contractor. Keeping the scope appropriate will prevent your costs from exploding.

What are you getting for your fee?

Are all the services that you need included? Make sure your expectations match the product or service they deliver. Spending time early on to match expectations and work will save you headache in the long run.

Are you better off with a contract?

Don’t be afraid of a contract. Contract pricing is good for both sides.  It calls out the work performed, the timeframe it will be completed in and the cost for the service.  Avoid signing long-term contracts until you know for certain that the service is needed on an ongoing basis.  Also check for exit clauses, before signing, so you can cancel, if you find it isn’t working out.

Are there alternatives?

You wouldn’t get just one quote for a major renovation on your house. Why would your business be different? Always get a second quote. Find a way to compare the quotes to ensure they are comparable and cover the service required.

Is it necessary?

Is this a task that is difficult, but could be learned, or is this something that is truly best serviced by a professional? Don’t be afraid of hard work in your business. Also learn what you can accomplish, and what is best left for those that do it all the time.

Does the relationship work both ways?

As a business owner, always search for relationships that are mutually beneficial. The more mutually beneficial they are, the more likely they are to blossom. Seek out partners in other industries where referrals work. Become the rock star partner that helps others blossom and shine. Do you outsource your bookkeeping? Contact us if you would be interested in a consultation.

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