011 • How Accepting Deposits Could Be Jeopardizing Your Business

I had the pleasure of spending the past weekend in the company of over 50 henna artists, and during that time, I was included in many conversations regarding the use of contracts with clients - and more specifically, the acceptance of deposits alongside of those agreements. In today's episode, I'm sharing with you how accepting "deposits" could actually be placing your time, money, and business at risk - and how a small shift in language can better protect you from losses.  [01:32] A Common Mistake that Henna Artists Make in the Language We Use [04:22] The Problem with Accepting Deposits from Clients [06:43] Why Even "Refundable Deposits" Aren't Ideal [08:03] The Definition of "Deposit" and Why it Matters to Your Henna Business [09:38] How You Can Improve Your Language (And Still Get Paid in Advance!) [12:39] How Making This Shift in Language Can Better Protect Your Business Join in on the conversation! Got questions about henna contracts and how to better secure your business? Let's chat about it inside of the Hennapreneur Community on Facebook! --- This episode is sponsored by the Hennapreneur eMagazine! Whether you’re just getting started, you’re ready to go pro, you’ve got a solid business, or you’re ready to scale to the next level, Hennapreneur has a free, downloadable e-magazine that’s ready just for you with insights on how you can better build your business in that unique phase of the game. Each volume features articles specifically for that particular part of the henna journey. Click here to download your free copy!  --- Click here to view the full show notes! --- Love the Show? Subscribe + Review in iTunes! Are you subscribed to The Hennapreneur Podcast? If you’re not, I want to invite you to do so now! When you subscribe, you'll never miss an episode - which would be super easy to do because new and bonus episodes are added into the mix every all of the time! Click here to subscribe in iTunes! If you really enjoy Hennapreneur's content, I'd be so grateful if you'd leave a review over on iTunes, too! Those reviews help other hennapreneurs to find the podcast, make it easier for me to bring in special guests for you, and (tbh) are always super fun for me to read, too! Click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what you love most about the podcast!