Module 9: Contracts

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Transcript

Getting organized contracts. There are lots of helpful Business Startup websites like startup code at UK, small business.com, UK, and entrepreneurs.com. With some great tips on setting up your working contract, I would advise you to research contracts thoroughly. For example, the charter issue appropriations, the membership body for PR workforce UK have templates, contracts or PR consultants. If you have professional body, oxen about it, or you could look at joining the Association of Independent professionals and self employed known as MC, as they offer a wide range of benefits for freelancers and independently self employed. However, if you're not associated with professional body, there are also plenty of template contracts available online.

But I do think it's worthwhile you associating with a body don't just grab the first You find make sure you review it carefully, and it works for you and your business. Remember, it's a legally binding document that will cover your start date your termination procedures, late payment fees, and what is what is expected from both parties involved, so the client and the consultant. So go through it with a fine tooth comb and you want to make sure that you maybe get a lawyer friend to give it a once over. be organized, you want to show that you offer a professional service. So do invest in a good laptop, or supported practice to help you with your business. Don't forget your need to keep track of your expenses on a spreadsheet.

And you'll need to appoint an accountant unless you plan on handling or taxes yourself. But you should get into the habit of being organized with your receipts. Keep them them and love them on your expenses spreadsheet. You know there are lots of accounting software programs like QuickBooks and then zero there's a few others that you can use The spreadsheets you can use, you know, that makes sure your list and your expenses month by month, and according to the financial year calendar, so it's usually from April to March. There are some good apps that can help you keep you on track your receipts, if you're always losing them, you know, there's, there's things that you can use, we can snap a quick picture of it. So you know, we have it on the app.

It's great for the scatterbrains among us. So you know, we always know you know, some family got better fingers are roaming around using as long as you remember to scan it and save them onto your laptop, you will be fine. But do what works for you, as long as you have the proof as necessary. So that before and I'll say it again, don't forget to put aside money for your tax purposes. I've unfortunately heard firsthand of some really horrible stories of consultants getting happy with the money they're earning, you know, to get them to put money aside and then when they you know, tax season comes around, they find themself in serious hot water trying to beg and borrow from friends to pay the taxes, an extra insurance contribution because they spent all their money so please don't let that be you

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