Today we are talking about deposit based businesses and what that looks like during Covid times. With this conversation we are hoping to shed some light on why deposits are collected, what they are used for, and why they are a necessity for sustainability.
Both Dana and I run our business's based on deposits. We discuss candidly about why we take deposits and how they work for securing limited resources. We hope to open up a discussion that most are thinking about, but not talking about. We also discuss why some deposits are refundable, and why some might not be.