Tag: profit

It’s Tuesday. There are 43 balaclavas left in the box, and this weekend you have two birthday parties, a league game, and a company party for 60 people. Until now, that usually meant waiting at least a week. From now on, the first package with your logo is ready to ship within 24 business hours, and your entire order of up to 5,000 pieces within 48. What does this mean for the cash flow in your business?

The conversation with a supplier outside Europe lasted three days. The price dropped several times, the down payment kept going up, and when I asked about the fabric’s composition, the response was, “Trust me.” No one was trying to deceive anyone; that’s just what buying sight unseen is like. Four things to check before you send the money.