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I really dont get it...must be a blonde thing
How come this does not fall into the category of a business risk? I mean one cant expect every single deal to be profitable or to go through. There will be cancellations and lost business, either due to unforseen circumstances, twists of fate and just general bad timing including a host of other reasons. How can one expect everything to be profitable? You have to build in a margin in your pricing for the deals that go south surely?
How can you take someone's full deposit, and then still hire out a venue? No, you can only have the wasted costs and refund the balance. Its too easy then for me as a venue to keep cancellations funds, and say, sorry couldnt find a replacement booking and not even try- no costs - no extra staff - no linen - no cleaning - no nothing - almost 100% profit not bad. That's the problem and what the CPA is trying to address.
Law changes, markets shrink, Life happens!
The CPA didnt go and kill anyones' business, just the one's that didnt comply and were enriching themselves at the expense of unsuspecting consumers, of Im sure we were one at some stage in our lives.
How come this does not fall into the category of a business risk? I mean one cant expect every single deal to be profitable or to go through. There will be cancellations and lost business, either due to unforseen circumstances, twists of fate and just general bad timing including a host of other reasons. How can one expect everything to be profitable? You have to build in a margin in your pricing for the deals that go south surely?
How can you take someone's full deposit, and then still hire out a venue? No, you can only have the wasted costs and refund the balance. Its too easy then for me as a venue to keep cancellations funds, and say, sorry couldnt find a replacement booking and not even try- no costs - no extra staff - no linen - no cleaning - no nothing - almost 100% profit not bad. That's the problem and what the CPA is trying to address.
Law changes, markets shrink, Life happens!
The CPA didnt go and kill anyones' business, just the one's that didnt comply and were enriching themselves at the expense of unsuspecting consumers, of Im sure we were one at some stage in our lives.
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