Every successful business is built with relationships. How do you define the relationships you have with companies that help you keep your business running and growing?
Do you work with them on a strictly transactional basis, or are they partnerships?
What’s the difference?
We’ll explain why a partnership is more profitable, and something you should look for in your business.
What Is a Vendor?
A vendor is a person or company that supplies goods or services to a business
You work with vendors on an as-needed basis, and don’t really communicate other than to provide details of the transaction you agree upon. You ask for a service, they provide it, and that’s that. Very cut-and-dry.
With a vendor there are no long-term goals in mind. The vendor doesn’t have a genuine interest in the future of your business. Their job is to provide a service or good, collect their fees and only have communication with you until or unless you need their services again.
Debt Collection with Goals
How Is a Partner Different?
With a partner, you have someone you can turn to who genuinely cares about the future of your company and makes it their job to help you grow. A partnership is built on trust and can take some time, but it is worth the effort to create.
A partner meets with you to discuss progress. They evaluate what you need, and how they can help you. They look at how your company will change in 6 months to a year, and how to prepare for those changes.
A partnership is valuable for both sides. For you, not only do you get the product or service you need, but you also have someone who is going to help your business grow faster than you can on your own. In turn, they will get continued business from you, because you know you can trust them to keep the best interest of your business in mind.
Your Success Is Our Success
Want a Debt Collection Agency That Cares?
At Cedar Financial, we think partnerships are one of the building blocks of a successful business.
Our People-First Approach to debt collection begins with our clients. We get to know you and your company so that we know the best ways to help you now and in the future. We build a customized debt recovery strategy based on what we learn from you, so you never feel like a number – you feel like a colleague.
Debt collection is more than just recovering funds. We hope you build many long-lasting partnerships along the way.
Make Cedar Your Partner
*The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.