As a small business owner, do you work for some clients and when it’s time to get paid for the job completed drama ensues? You’re not alone. It’s pretty much inevitable that a few of us will not encounter clients like this. If you’re a coach and a consultant like me, who work in a variety of business settings as well as schools, developing a standard contract will help you stand out positively.
In the past, I’ve met coaches who seemed to be doing better than me in business by the number of schools they handle. Sadly, these coaches always approach me, with money needs. When I ask them what the challenge is, they tell me they merely have chains of schools but, are not being paid for the services they render.
In my experience, the above-mentioned coaches encountered school owners who don’t have education in focus. Those school owners who go into the “business” only for the money. Quality investment in the lives of their pupils is secondary to them. They seek for mediocre and mostly inexperienced wannabe coaches who collect meager payment from them. Most times, breeding children who are not well-rounded. Unknown to these sorts of school owners, this continuous process eventually tarnishes their school image and affect their financial bottom-line negatively. Don’t allow these sorts of school owners treat you badly like they treat the average coaches by your way of contracting poorly.
Professional coaches or service provider should never rush into a job because of their immediate financial situation. When approaching a job or when a client contacts you with an interest in training have a contract in place. After meeting with the client and reaching an agreement to commence work/training, develop a standard contract which outlines the services you are providing, when you will provide it, the fees that the company/school (or individual) has agreed to pay and when and how they are paying it. Have the contract sent to the client for their signature. Make sure that the contract is between you and the owner of the business and not an individual put in charge. So, someone doesn’t tell you a story that touches, like I was once told.
No matter how a client rushes you, never commence work until a contract is signed. While your business might not be profit-making yet, it will help to make an attorney your friend so, he or she can ensure all the legal aspect of your contract is appropriately handled when a client wants to be funny. Don’t limit your small business, inspire success in it. If you need help writing your contract, you can adapt mine. Simply hit the comment button below.
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