Hi All.. just looking for some different points of view among the SuN members.
I have accounts that I have been working with for several years and for those accounts, unless it is a huge project that requires me to lay out a lot of money, I don`t require a deposit. But for new accounts, I feel that it is a necessity to ask for a 50% deposit.
As a new company myself, some of my vendors ask me for 50% in advance and some ask me to prepay the entire order. In these situations, I really can`t afford to tie up my money.
What are your feelings about asking for a deposit?