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Who Bears the Risk of Loss ?

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  • #16
    Hello CC,

    That looks like a good set of practices, but it looks like it involves a LOT of counting of inventory and money. That would rapidly drive me nuts.

    Perhaps that just means I'm the wrong person to take charge of that function.

    I'm attracted to the "take order" method, where you show a popcorn catalog to people and record the sale on an order form. Maybe you collect money at the time of sale.

    You only need to deal with inventory once, when people collect the product they have sold.

    You may need to collect money a few times, but that can probably be done under controlled conditions when money can be accounted for with care.

    Frankly, the site sale scenario sounds pretty chaotic to manage, although it's a popular method. Seems like it's fraught with a variety of inventory and money management risks unless you do a LOT of counting.

    Incidentally, out council takes the risks on any bad checks, and takes the responsibility for any collection costs or bad checks. That's a big plus.