Being a smart entrepreneur is all about understanding that running a profitable business is no different than leading a successful and happy life. Succeeding in life is all about getting the seemingly-small things right. Focusing on small and sustained improvements can go a long way in improving your chances of enjoying success as opposed to big bang changes that fizzle out with time.
A good example of the former approach would be to buy bulk pop rivets for your business. Now, anybody who runs a manufacturing or fabrication business will know that rivets are an integral part of even the smallest project. Of course, rivets don’t cost a lot, which means you won’t really save a lot of money by buying rivets in bulk.
Yet, saving a few dollars per project can translate into significant savings when you consider the fact that this saving will be a permanent part of your business. Savings on labor or the latest technological tools may not be available when the business environment changes. Yet, you are definitely going to continue using rivets no matter what.
Instead of big bang savings that have no permanence, you should focus on small savings that can, in due course of time, help you enjoy sizable savings in the long run. While we all focus on big savings, we fail to understand the importance of the small savings.
This is, more often than not, what separates smart entrepreneurs who earn profits in all business conditions from those who just manage to survive during bad times and never really earn huge profits even during good times. Further, a smart entrepreneur will not take a business decision, even one about how to buy bulk pop rivets, lightly.
Keep the following points in mind when comparing your options:
a. A discount that is offered on basis of reduction of quality of rivets is not a discount at all. The whole logic of a discount is that you get the same product at a lower price. An inferior rivet will, obviously, be cheaper than a good quality rivet.
b. Consider the cost of storing a large number of rivets when assessing the pros and cons of the deal. The cost of making arrangements for storage too must be factored into the calculation when determining your total savings.
c. Look beyond your city or state and consider national or even international suppliers as long as it helps you save money. A quick search on the Internet can help you get in touch with suppliers from all over the world without any difficulty or hassles.