Title: Describe procedures for maintaining regular communication with bankers, supply chain management, and other professionals.
Course: Entrepreneurship, Advanced (12053-II) > Section: Maintaining an Entrepreneurial Business

Description should include the use of various forms of communication (e.g., telephone, written, in-person, electronic) to maintain a constant relationship with the businesses and individuals.

Process/Skill Questions:

- Why is it important to maintain regular communication with outside consultants (e.g., banker, attorney, accountant)?
- Why is it important to maintain a positive relationship with vendors through regular communication?
- Why is it a risk to obtain all of one's business supplies or inventory from one vendor?
- Why is networking with other organizations important?
- How might organizations and individuals collaborate?
- When is it beneficial for businesses to develop networks?
- Why should one increase contact with one's bank during hard times?