You never know when it might happen: a business you use suddenly goes bankrupt or is sold off.

In PIE this week, ironically on Valentine's day, there was this story: Has rental platform Movebubble ceased trading? We've seen other high-profile casualties like ARPM too. It can be extremely damaging to have a key partner to your business suddenly disappear. 

This is what you need to know before you’re caught out:

1) Challenge your key suppliers on their 'Plan B' in the event of them stopping one day.

2) Be sure to keep backup records, emails, and other records relating to any arrangements you have. Don't fall into the trap of having some contracts in filing cabinets, others lost in your inbox, and stragglers lost in Docusigns or other easy-to-use signature solutions.

3) Keep your finger on the pulse on what is going on with your suppliers. Whether that's talking to other clients of that supplier or using a service like Kerfuffle - we have anonymised customer satisfaction scores on hundreds of suppliers. We can also give you advice that no one else in the industry can; highlighting the heroes and the villains.

These three simple steps should help you stay on top of your supplier partnerships. In the case of steps 2 and 3: 

2. Kerfuffle lets you set up a 'contract vault' for free via our Agent Dashboard to help you easily manage all your suppliers in one place.

3. Tap into expert advice and consultancy, and so much more, for just £36 by signing up for Kerfuffle.

 What price is peace of mind?