Stories or non-payment are all over the media the past week or two from one of the top political candidates.  Campaign officials deny that there are vendors going without payment and state that all vendors are being paid.   But for many of those vendors getting paid five or six months after the fact puts their financial affairs in tough shape.   Whether you are selling promotional items, books, or even food make sure you get paid in advance.

This probably goes for just about any business as the economy tanks.  Things are bad and are getting worse.  They should get much worse in 2008 making it imperative you prepare now for an extended downturn.