When it comes to working with vendors like freelancers and development teams, treat them just as you would treat a large corporate vendor. That is, pay them and pay them on time. Donít play games like blaming a third party for delays. Even if you are unhappy with a vendorís performance, you must pay for that vendorís time. The solution to unhappiness is to replace the vendor; itís never to withhold or lie about payment.

One would think that personal relationships with a small vendor would lead to more honorable transactions between the two parties but ironically the opposite is true. I have seen entrepreneurs routinely withhold, delay, contest, or ignore payments to freelancers and vendors because smaller vendors have little recourse. Meanwhile, these same businesspeople would never delay payments to large vendors like AT&T or their utilities companies.

Having been on both sides of the entrepreneur / vendor relationship, I have noticed that entrepreneur (buyers) are far more often bad actors than vendors (sellers). Vendors will generally bend over backwards and even lose money in hopes eventually getting paid, while entrepreneurs sometimes systematically underpay their vendors.

From one entrepreneur to another, I urge you to honor your payment obligations even if youíre not happy with service. Doing so is ethically right. If youíre not swayed by that argument, then do so to protect your most valuable asset: your reputation. You donít want to develop enemies, and you donít want vendors to retaliate by assassinating your character online. And when it comes to fund raising and growing an online business, itís a small world, especially at the top. levitra sur internet

If youíre a vendor, here are a few tips to avoid bad customers:
ē Donít work with customers who have fired many previous vendors for the same service.
ē Donít be flexible with payment terms. Realize that youíre not a bank, able to extend credit.
ē Donít work with customers who say a third party is responsible for paying the bills.
ē Donít tolerate customers who want to edit invoices, for whatever reason (even if itís supposedly to benefit you).
ē Donít allow customers to renegotiate rates after hours have already been worked.
ē Do have a clear contract, written in plain English.
ē Do have an annual Master Service Agreement and a monthly Statement of Work.

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