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Three Reasons Not to Stiff Your Vendors
Channel BusinessThree Reasons Not to Stiff Your VendorsThree Reasons Not to Stiff Your Vendors
I was reading a blog post recently (darn, forgot to bookmark it) about how to manage your business when things start going badly. The advice included cutting employees’ pay to avoid or postpone layoffs; outsourcing anything that can be done by third parties to reduce overhead; and slowing payments to your vendors. It’s the last item that got me to stop and think.