Pace the loss of a key employee in a small company, but...
The ground rules for taking deposits on orders to be fulfilled later:
1. Too many companies just take all orders that come in. Do NOT take orders that cannot be fulfilled by delivery date. Keep capacity under daily review.
2. State delivery date.
3. If the company goes bust, the customer loses deposit. So put customer deposits in a ring-fenced account and not use them in the business.
4. Keep customer informed weekly, good news or bad. Quicker for bad news.
5. Customer: do not deal with suppliers who won't do all above.
The ground rules for taking deposits on orders to be fulfilled later:
1. Too many companies just take all orders that come in. Do NOT take orders that cannot be fulfilled by delivery date. Keep capacity under daily review.
2. State delivery date.
3. If the company goes bust, the customer loses deposit. So put customer deposits in a ring-fenced account and not use them in the business.
4. Keep customer informed weekly, good news or bad. Quicker for bad news.
5. Customer: do not deal with suppliers who won't do all above.