Preferred vendors: corporate buyers want strategic partners, not only suppliers.Ralph Weaver turned his passion for collecting decorative accessories into a lucrative business venture. Headquartered in Pittstown, New Jersey Pittstown is an unincorporated area within portions of Alexandria Township and Franklin Township in Hunterdon County, New Jersey, United States. The area is served as United States Postal Service ZIP Code 08867. , East West Connection (EWC EWC East West Center EWC European Works Council EWC Edward Waters College EWC European Waste Catalogue EWC Expected Week of Childbirth EWC Efficient Windows Collaborative EWC Engineering Workforce Commission EWC Elder Wisdom Circle ) is a provider of promotional and custom merchandise, business gifts, and event planning Event planning is the process of planning a festival, ceremony, competition, party, or convention. Event planning includes budgeting, establishing date and alternate date (rain date), selecting and reserving the event site, acquiring permits, and coordinating transportation . Established in 1990, the firm has become the preferred vendor at several corporations, with its revenues reaching $15.4 million in 2004. Weaver, 50, attributes his success to the business relationships he has formed with corporate clients. Inspiration to pursue corporate accounts came after a customer made a request for 500 crystal bowls. "At that point, I realized that businesses not only had the money, but also the need to purchase hundreds of specialty items," says Weaver. After an unsuccessful bid to a Response for Proposal, Weaver learned that corporate contracts required a higher level of proficiency pro·fi·cien·cy n. pl. pro·fi·cien·cies The state or quality of being proficient; competence. Noun 1. proficiency - the quality of having great facility and competence . As a small business, it is important to have the infrastructure in place to serve corporate clients both domestically and internationally. In addition, having the ability to deliver large quantities of goods quickly gives small businesses the competency COMPETENCY, evidence. The legal fitness or ability of a witness to be heard on the trial of a cause. This term is also applied to written or other evidence which may be legally given on such trial, as, depositions, letters, account-books, and the like. 2. to compete against larger companies. "Even though EWC did not win the contract, the review panel did provide me with insightful feedback as to why my company was not selected, says Weaver." He used this advice to refine his business. Weaver hired more people, bringing his staff up to 23 employees with specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. skills in accounting, sales, and customer service. Bunni Wheeler-Young, a senior specialist in the supplier diversity Supplier Diversity is a business program that encourages the use of previously underutilized minority owned vendors as suppliers. It is not directly correlated with supply chain diversification, although utilizing more vendors may enhance supply chain diversification. unit at Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. , has developed a strong business relationship with EWC. "EWC is what I consider a 'blue-chip' company because it understands our company, our needs, and is able to execute our requests to the fullest," she says. Bennie F. Giles, president of Creative Advertising Techniques, says knowledge of the industry can help businesses gain large clients. Giles and Weaver offer the following advice: 1 Be Open to Feedback. Take a hard look at your organization's strengths and weaknesses and improve upon them, suggests Weaver. Giles adds, "Even if you lose a bid on a particular project, look at how it evolves and see how you could have enhanced it." 2 Do Your Homework. Giles recommends that custom merchandise vendors become members of the Promotional Products Association International. He also suggests learning the language of the industry, "so that when you do approach a company, you'll have an understanding of the things that it considers to be important." Weaver suggests that you understand your client's history, culture, and product needs. 3 Stay Focused and Persistent. Have the personal fortitude Fortitude See also Bravery. Fratricide (See MURDER.) Asia despite torture, refuses to deny Moses. [Islam: Walsh Classical, 35] Calantha fulfills wifely and queenly duties despite losses. [Br. Lit. to do what you need to do to succeed. 4 Form Strategic Alliances. Weaver suggests working with other entrepreneurs to pool resources, talent, and opportunities. Giles adds, "A strategic partnership with a larger promotional products company within the industry may be beneficial to a small business." Also, contact firms that offer minority outreach programs and your local Small Business Administration. Contact the Promotional Products Association International (www.ppa.org; 888-426-7724). |
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