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Importance of Trade Terms

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March 9, 2010

Diane von Furstenberg, Founder and Chairman of DVF Studio, LP, explains how trade terms have been a key element to her success. Here, she explains, "If you sell product...the best advice I can give you is to be very tight with the manufacturer."

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  • Marc Spangenberg 1 year 10 months and 17 days ago

    Marc Spangenberg

    Like the lady says; trade terms are very important to a successful business. Think about it, would you rather go to a restaurant or a retailer that only accepts cash? Not many people would. So if your small business can offer terms to customers, they are more likely to buy from you. The key is that once you have completed a transaction and generated an invoice, that invoice can be converted into cash in 2 days with Accounts Receivable outsourcing. Your client gets favorable terms and you get the money you need to meet payroll etc.

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