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(Entertainment-NewsWire.com, December 10, 2015 ) Pensacola, Florida -- "Negotiating vendor agreements can leave business owners feeling like they've traversed a mine field," said Johnson. "Negotiating can be an intense process, but there are a number of specifics that individuals should be concerned with that transcend simple pricing."
Bunny Jolly is the home of the FlightJoy car seat travel bag, a device that keeps child car seats, infant carriers and booster seats clean, dry and protected during travel by bus, trains and planes. It's a convenient gate check bag that provides parents with an easy way to transport safety seats that can be carried or worn backpack style.
A variety of consumer trends and unforeseen events can drastically affect a business despite the best laid plans. To help businesses maintain financial stability and ensure a quality product, Bunny Jolly offered the following tips. 1. Play the "what if" game and try to think of all the potential problems that could arise for the duration of the contract. From late shipments to inferior workmanship, get in writing the compensation for lost revenue and the right to seek a new vendor. 2. Start-ups and new businesses should never sign long-term vendor agreements. Maintain as much flexibility as possible in the event that the agreement needs to be terminated. 3. To ensure financial breathing room and healthy cash flow, negotiate for volume discounts and lock in corresponding pricing, along with longer credit terms. 4. Cheap isn't always better. Negotiate for value and extras such as quicker delivery, faster turnarounds, longer pay times, or flexible payment terms. 5. Establish in writing what is expected of distributors and suppliers, along with the options available should it become necessary to terminate the agreement. 6. Prepare a clear and decisive exit strategy for ending the contract if necessary and make sure it's in writing. 7. Never sign a vendor agreement without seeking the services of an attorney that specializes in this type of law.
Bunny Jolly's Top 7 tips for success with vendor agreements provides entrepreneurs with the means to negotiate for terms that will best benefit their business and ensure quality customer products. Negotiating vendor and supplier contracts can seem like a daunting undertaking, but with attention to detail they can help ensure the health and prosperity of any business.
Established in May 2015, BunnyJolly has earned a reputation for providing durable and reliable products that fit the needs of modern lifestyles. The firm maintains a presence on Facebook, Twitter and Pinterest
