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What to Do When Customers Don't PayProtect yourself.

ByMargaret Littman

This story appears in theOctober 2016issue of雷竞技手机版.Subscribe »

Chris DeLorenzo
Mitchell Compton

Mitchell Compton II'ssuccesswas starting to freak him out. He cofounded the San Diego-basedCoconut Beach, which sells a line of coconut chips and drinks, and debuted the products at a natural-foods trade show in March 2015. Orders came in rapidly; he soon got up to $1 million in sales. But then he started wondering: How reliable are some of these people? "We had to figure out how to mitigate our worry over not getting paid in a timely manner, or at all," Compton says.

Related:How to Check a Customer's Credit Worthiness

He decided to play it safe: He told manyvendorsthat he simply couldn't sell to them at the time. And it went on like this for months, with Compton turning down business because he wasn't sure when he'd get paid.

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企业家是不能过度指雷竞技手机版望太多a company exit for their eventual 'win.' Do this instead.