3 ms·
FWIW, you don’t have to use payment terms as financial leverage. You can just use them as a way to give your balance sheet more capacity to absorb problems, sho
by toasterlovin 6y ago
FWIW, you don’t have to use payment terms as financial leverage. You can just use them as a way to give your balance sheet more capacity to absorb problems, should they arise. In my opinion, that’s a good thing. Also, your suppliers will be more committed to you and they’ll respect you more if they’re extending you terms. Anyway, if you want a playbook for negotiating terms, feel free to reach out via email (address is in my profile).
- hippich 6y agoThat's an interesting view of it, I did not consider it. It is essentially the way we are using credit cards - we are not increasing our leverage, but at the same time, we are building a credit history for the company. Just sent you an email about your offer :)