Custom fabric ventures is a small company that produces fabric-based wardrobe accessories (such as, handbags, scarves, and headbands) and home accessories (such as placemats, pillows, and window treatments). the company keeps a limited number of popular items in stock, but primarily produces custom orders. customers are able to choose from a wide selection of styles, sizes, and fabrics for each type of product. most of the company’s customers are small boutiques, home décor shops, and home-decorators who serve clientele with discerning tastes. as a result, customers expect high-quality products.

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.