Gas Station Business 101 Podcast - How To Start, Run And Grow A Successful Gas Station Business

GSB-24: How to Negotiate Vendor's Contracts to Your Advantage and Win- The Pain and the Gain Pain: If you are in c-store business already then you know how much pain it can be to negotiate vendor's contracts to your advantage. Just remember one thing, the contracts are often written by their legal dept and it is always to benefit them and not YOU. They are always looking out for them and not YOU. Unless you have a big legal dept with a few high paying attorney's on board, it is hard to negotiate with them, it is usually their way or the highway. But as a small business owner most of us do not have access to big law firms or a legal dept, not to mention if we even try to hire an attorney to negotiate on our behalf, we can go bankrupt just by going back and forth and paying their legal bills. So I know most of us often the sensible approach and read these contracts, talk to the vendors and ask other retailers about how they handled their contracts and then try to find comfortable ground and that is in my opinio