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|Forum name||Financial Feast|
|Topic subject||RE: I have a business and no credit, losing big orders!|
327, RE: I have a business and no credit, losing big orders!|
Posted by raisecapital01, Wed Jul-18-07 02:28 AM
Are these orders paid up front first? If you are taking orders, this should cover your cash flow even if the customer has to wait a week. I am not trying to pry, but if you are taking orders without the cash first, you could be cancelling orders. If you are trying to make a profit, but you need to buy the product, you could do it on special order purposes only having them put down a percent of the sale that covers what you need to order. You may want to check with your vendor to see if they extend credit terms for 30 days too.