Sep 20, 2021
Do you include everything you need to in your contracts with your clients? As solopreneurs, we can often get wrapped up in everything else that our business entails and forget how important it is to have a solid contract in place. A contract not only protects you and your client but it can also make a powerful first impression.
On this episode of Solopreneur Money, William Warren joins me to discuss the importance of creating contracts. You’ll learn why it is important to have a contract in place as well as what you should include in your contracts.
William Warren is the founder and CEO of The Sketch Effect, a creative services company that delivers animated and illustrated communication products to a wide range of clients. When William struck out on his own to build his business he had no experience or training in the business world. He had to figure out the businessy stuff all on his own. Once he got over the initial fear of starting his own business he realized that becoming an entrepreneur wasn’t as hard as he thought it would be and doing what he loves for a living is fun.
Contracts are one of the areas of business that many creatives shy away from. They may think that they don’t need one or that they are too hard to create, so before we discuss how to write a contract let’s first understand why we need one.
The first reason to create a contract is the most obvious. A contract defines the scope of the work and the price. The client learns what they are getting and how much it costs.
The next reason to use a contract is to set protections or limits. By establishing your limits you will prevent scope creep so that clients won’t continue to ask you to do 'just' one more thing.
A contract also helps you to seal the deal with your client. A well-made contract will turn a potential client into a client.
It is also important to make your contract look polished so that the client understands that they are working with a professional. A clear, well-made contract will entice future clients to sign and bring in more business.
William Warren shares so much value in this interview. You won’t want to miss all that he has to say. Make sure to listen in to learn from his experience. If you found this episode helpful make sure to share this podcast with other solopreneurs to keep it growing.
Audio Production and Show notes
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