businesses absolutely love not paying for things. each other, contractors, etc.
employees don’t realize how good they have it with payroll protections tbh. That’s how it should be of course!
employees don’t realize how good they have it with payroll protections tbh. That’s how it should be of course!
If companies start taking a reputation hit for not paying contractors in a timely fashion, they will correct the behavior eventually
Your vendors hate 90 day payment just as much as you hate when your customers do it, and they are covering for non-payment, late payment, and difficult customers by raising their prices. Crucially, they have to charge you the "bad customer" price because they don't know you, and then your incentive is to be a bad customer because it doesn't cost anything extra for you.
The restaurant owner thought it was crazy but couldn't argue with the cost reduction. The moral of the story was that if you'd just communicate more you may find a mutual benefit. The restaurant loved the vendor but the vendor also felt the restaurant was their best customer even though they were getting 70% less money! - because of the predictability, less need for inventory, better cash flow.