Chris,
Just be very careful about who you do business with in our state. There are some real losers who think it’s just fine to string you out for as long as they see fit. I learned the hard way about doing business with companies south of the “point of the mountain”. It took two years and 2K to get 15K from a customer down there, never again. Like Jim said, don’t start anything new until all accounts are current even if that means getting multiple customers so that you can alternate jobs. In the mold making business it’s standard to get paid 50% up front for new work, don’t take anything less. This business about not getting paid until they ship first article is just bull ****. When you first start out you become a target for these sleaze balls. Get real P.O.’s, never take anything verbally, always get it in writing. Never accept a check that says paid in full if it’s not. Keep 6 months working capital free and accessible at all times just in case. Good Luck
Wayne |