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Week Sixteen: Suppliers

This week you’ll be identifying your needs for external suppliers and finding out what potential suppliers can offer you.

You’ve now pulled together everything that you’re going to need to have inside your business – but that’s still unlikely to be everything you need. This is where you will need to find external suppliers. These are the external businesses on which you will rely on a regular and ongoing basis to enable you to serve your customers (rather than the companies that will sell you things on a one-off basis, such as the start-up equipment we discussed last week).

Accountants would refer to the costs of the suppliers in the previous weeks as ‘Overhead Costs’, and the cost of these suppliers as ‘Cost ...

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