I’m a small business owner and if you’re reading this then you probably are too. One of the reasons we build a business is to create financial freedom for ourselves and our family. Why then do business accounting and finances so often get neglected?
If you are about to pay for services and this amazing new hire does not send over a contract for you to sign - RED FLAG ALERT. It’s not to say they aren’t amazing and great at what they do, but it means they haven’t taken the time to legally protect their business and therefore, are leaving you without protection either.
I’m sure we’ve all done it. You get to that weekend away and realize you forgot all of your underwear/panties/insert-garment-of-choice. Oops. Shops are closed until tomorrow and you guys are heading out for a night on the town. So you borrow a pair from a friend. She’s about your size and they will work. You put them on and get through the night, but the whole time, YOU KNOW deep down that they aren’t yours. You borrowed them and will give them back (at which case she may or may not let you just keep them…)
Think of your legal documents in the SAME way.