I mentioned that I got laid-off/quit because my previous employer never paid me on time right?
That event is big… because I’m in debt and will turn 30 this year. But It’s great because it makes me feel so uncomfortable, I’m pushing myself to the edges. With that said, here’s some quick rants on what I’ve learned so far as I try to be self-employed.
Read your Contracts!
– So many companies use templates from the web, that they fail to change basic info such as location, names etc. This is of course a no-go.
– Negotiate the terms. I’ve been talking to a prospective client for over a month, it seems like it’s going somewhere, but I’ve never in detail told them basics of getting paid. In order to compromise. I’ve accepted the NET-30 payment terms they suggested, but reiterated that I need a deposit before I even start anything.
Big Lesson of the Day:
During the ‘dating phase’ of getting consulting work, make sure to be very clear about your payment terms. Put this in your project proposal! So that when it comes down to signing contracts, there will be less amendments.