President Jeffrey E. Richards says Biz2Biz will roll out the first dozen sites this summer, and he ultimately hopes to build as many as 175. If small business enjoys only a fraction of that, it will change the way thousands of small companies buy, sell, and interact. Both buyers and sellers stand to gain by joining an exchange. Instead of faxing and phoning, they can go online and place orders. They also can get better deals by quickly soliciting multiple bids from numerous prospective sellers.
Sellers can also reach new markets.
Now, MMP's 12-person team can afford to take on clients whose projects are in remote locations. We're really reducing the geographic limitations of working in Canada,'' he says. Second, many small businesses are still not automated and can't take full advantage of exchanges. While they might keep a PC in the back room to keep track of bills, many still track inventory with pen and paper. To date, suppliers are in oversupply.