For Women SANE Enough to Start Their Business
As we discussed last time, at some point, you will have to deal with delinquent invoices. Clients who fail to pay, or pay slowly are serious threats to a small business, so they must be handled swiftly and directly. Here are my recommendations. First, as soon as the invoice goes past due, call the client. [...]
For any small business, cash is King. Without a doubt, the single most damaging risk to you as a small business owner is negative cash flow. One of the many reasons for negative cash flow are slow or no paying clients. They can sink you faster than you can say “small claims court”, if you [...]
Over the past month or so, I’ve been outlining the 10 steps to starting a business. Today, we’re going to cover step #9. Let’s talk about the good stuff. This is what’s been keeping you up at night. What you’ve spent all your time dreaming about. This is the centerpiece of your entire business. Your [...]
Freelance copywriter Nichole Bazemore wrote a great article about how she has reluctantly learned the importance of a good contract when dealing with clients. Read her post here. Although you can see my comments on her blog, I’ll repeat it here: I’ve said it before and I’ll say it again. A good contract is an [...]
The last boilerplate provision we’ll discuss in this series is the “Limited Warranty” provision. But first, let’s review the four main warranties and what they mean. Warranty of Title: I own it and you don’t have to worry about my creditors or heirs coming to take it away from you. Warranty Against Infringement: I [...]
We’re looking at boilerplate contract language that is often ignored to better understand why these provisions are important and how they can impact your contracts. Today, we’ll discuss the “Forum Selection” provision. If the parties to a contract choose judicial resolution (i.e. a lawsuit) to settle disputes rather than alternative dispute resolution (i.e. mediation [...]
The “Governing Law” provisions of contracts are often overlooked, but it is a mistake to do so. If you have any leverage in your contract negotiations, then you generally want the law of your state to govern the interpretation of the contract. Of course, the other side’s attorney is telling them the same thing, so [...]
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