I have inherited some money and I am considering opening my own business - a shop selling clothes and accessories that I would -at least initially- source from UK suppliers.
I have already researched potential suppliers but before I approach them I'd like some input as to what are the most common business terms. I have emailed a couple of trade associations but they haven't replied. Would the suppliers want full payment when placing the order? or a % of the order value upfront and the remaining 30 days after delivery? Can I set my own terms?
If anyone can help, I'd be very grateful.