Red Flags: What Small Businesses Must Avoid

From Henry Wellington’s guide series Smart Choices: The Small Business Owner’s Guide to Vendor Selection Without Breaking the Bank.

This is chapter 4 of the series. See the complete guide for the full picture, or work through the chapters in sequence.

The vendor selection process is riddled with potential pitfalls that can devastate small businesses. Unlike large corporations with extensive legal teams and risk management departments, small business owners often navigate these waters alone, making them particularly vulnerable to costly mistakes. A single poor vendor choice can drain precious resources, compromise operations, and even threaten business survival.

This chapter serves as your early warnin


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