After all of your hard work marketing and reaching out to your local market, you’ve been booked for a client or event! You’ve likely heard before about the importance of securing every booking with a monetary exchange of some amount in order to reduce the opportunity for last minute cancellations (or worse, no-shows).

Here’s the thing… Not every monetary exchange is equal.

If you’re requesting a “deposit,” a “booking deposit,” or even a “non-refundable deposit,” you’re placing your business at a disadvantage in the case of disputes over any payments received.

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