Working with other businesses |
Most businesses have a network of suppliers and other businesses that they rely on to help them achieve their goals.
Supplier failure
No business is immune to the possible collapse of a supplier. If your supplier becomes bankrupt or insolvent, you may suffer financial hardship because you have paid for items that they did not deliver. In this situation, funds to pay creditors are usually very limited, if there are any at all. You may also have to find and re-establish another supplier.
Use a credit card to pay for supplies because if they don´t arrive, you can ask your bank to reverse the transaction. Your bank will refund your money, and then ask your supplier to give them a refund.
Arrange an account system that gives you 30 or more days to pay for goods a supplier delivers. This gives you a chance to receive the goods and ensure you are satisfied before you pay.
Consultants
It is illegal for consultants to put misleading or deceptive recommendations in their reports. When you engage a consultant, make sure they give you the full terms of their engagement in writing.
Consider how much responsibility consultants should take in particular projects and identify the risks. If a consultant makes recommendations that are qualified, ensure the consultant clearly states them in writing.
Complaints about another business
When people make complaints about unfair business practices, it contributes to a fairer marketplace for all. If you are aware that another business is or might be breaking the law, please lodge a complaint with us.
You must have reasonable evidence to make a complaint. We will not act on a malicious or inappropriate complaint.
Last reviewed 28/11/2011 |
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