So I’ve been listening a lot right now. Listening to my clients, listening to what wise (and some not so wise) people have been saying on social media. It seems what everyone is searching for is some sort of control.
Well, my friends. I’m here to tell you there are things you can take control of to help your business navigate these rocky, rocky waters.
And from my perspective, the best thing you can be doing right now is going through your business owners checklist to make sure your business is as legally protected as it can be.
I hosted an AMA this past Monday on Facebook Live and THE number one topic that people kept asking about was contracts.
“How can I get out of this contract…?”
Two clients are trying to get out of a contract with me. What can I do…?
“I didn’t think I needed a contract for that…what should I do…?
Just a few of the many questions I got.
So in response to this, and the very clear need for accurate sound advice on contracts, I decided to come up with a guide. I’m calling it The Anatomy of a Contract. And it’s free!
Let’s get into, shall we?
Time for you to tighten up your knowledge on contracts.
Whether you’re running a startup, working as a freelancer or managing your own business – you’re going to HAVE to deal with contracts, so they need to make sense – and you need to understand what you’re signing and agreeing to (or asking your client to agree to) before you sign.
Traditionally, contracts were long, intimidatingly dense documents that were full of legalese, making them hard to understand. It’s no wonder that most people just sign where they’re told or simply avoid dealing with contracts at all (the good old stick-your- head-in-the-sand approach).
But what if I told you there’s a way to think about contracts that takes some of the mystique out of them! Think of them as a movie script!
Seriously – these are the elements you need to look for in any contract before you sign it:
Characters = Parties
Plot = Provisions which set out what the relationship should be like (the terms)
Obligations of each Party = the “role” each party will play
Payment/Compensation = self-explanatory – have you seen how much those Hollywood people make??
Alternative Ending = Escape Route
I’m just giving you the bullet points here, but you can read the rest of this script (LOL) by downloading Anatomy of a Contract: A Free Guide Courtesy Of The Secure Startup.
As COVID-19 continues to be a growing concern and as I process my own growing fears and honestly, some panic, all of us entrepreneurs, especially startups who may not have saved up significant war chests, need to wrap our arms around the fact that the next little while is going to be challenging.
If there’s any way I can help you get through this, please don’t hesitate to reach out. We all need to support each other – one fabulous woman at a time – and do and share whatever help we can to make sure we ALL make it. Because we are ALL worthy!
Believe it or not, when you do it properly: A contract is one of the best investments you can make in your business.
If you need me, you can reach me here.