This video addresses three different ways that you can get a contract signed digitally.
These include the following:
(1) Sign on paper and scan (or take a picture)
(2) Use an e-signature program
(3) Use a checkbox to get someone to agree to terms
It is important for your business to create processes that work for you and your clients.
This time of year teachers, coaches and parents are all busy laying down a new set of “ground rules” for the year.
According to Wikipedia, the original of the term “ground rules” comes from baseball. Different ballparks have different rules in addition to the more standard ones. At Wrigley Field in Chicago, for instance, if the ball is hit to the outfield and gets stuck in the ivy on the outfield fence, it is a ground rule double.
For your business, a contract is a great way to set ground rules with your clients. This works particularly well at the beginning of the relationship or at the beginning of a new piece of work. Below are some topics that are frequent areas of concern:
I always consider myself lucky to find myself in PEI in the summertime.
One of my favorite things to do in PEI (besides eating seafood and going to the lovely beaches) is to watch the long running musical, Anne of Green Gables: The Musical™ at The Charlottetown Festival. If you are fuzzy on the details of the storyline, here is a recap here – https://en.wikipedia.org/wiki/Anne_of_Green_Gables.
As I watched this production with my daughter this summer, there were two things that struck me:
#1 – Ann(with an E) is a badass
The word “badass” is thrown around these days in entrepreneurial circles as a call to action. Anne Shirley was certainly a badass way ahead of her time.
Anne clearly knew WHO she was, WHAT she wanted and was NOT AFRAID to go after it.
Anne(with an E) did not get discouraged by meddling neighbours, her early...
You may have a client or two who are not prompt in paying their invoices with you. This is an issue for the cash flow and financial stability of the business.
Here are some tips for collecting accounts receivable now outstanding, and improving the situation in the future:
Check the Contract
Are the fees due clear in your client contract? What about payment terms? Have you provided that interest will be charge on overdue accounts? Should you require a deposit, interim payments at certain milestones, or a credit check?
It is best to have an established practice for following up with clients regarding their overdue account. The invoice may have been forgotten, misplaced or sent to an old address. A follow up phone call may be uncomfortable but is a good way to find out if the client is having cash flow problems or has some other reason why they haven’t paid.
A lawyer can send your client a scary letter indicating why the debt is owed and when it...