When selling on consignment goes wrong - listen to this to find out how to avoid the pitfalls

Local brand platform Naiise has closed its physical stores, and its owner Dennis Tay said he is filing for personal bankruptcy.

Its vendors, who have sold their goods to him on consignment, are demanding that he pay them.

What should a small business owner do to make sure their consignment deal does not go awry?

RIABU’s Simon Littlewood and Mark Laudi talk about the importance of working capital and what an SME owner can watch out for in dealing with a consignment vendor.

Meantime, we are counting down the days to the launch of our book, "Let The Cash Flow".

"Let The Cash Flow" is published by Marshall Cavendish and is available in bookstores, on Amazon and other online channels in April.