| In running an IT consulting business, do
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| | Require Written Agreements
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| not be too quick to give new clients
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| | It's even worse if you're selling
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| credit. Even when you give them credit,
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| | products like hardware, software and
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| keep their lines of credit relatively low
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| | peripherals. Always insist on written
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| until they've built up some history with
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| | agreements for your IT consulting
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| you.
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| | business. Verbal promises are for
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| Provide Low Lines of Credit
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| | amateurs and belong in an era of time
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| If you have new IT consulting clients, it
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| | that disappeared decades ago.
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| may make sense to start them out, even if
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| | State what you're going to do, how you're
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| you get a credit application and send out
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| | going to do it, when you're going to do
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| some credit reference letters, with a
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| | it, what it's going to cost and the
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| $500 or $1,000 line of credit. Don't go
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| | payment schedule, in four to six
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| allowing them to hang you up on a $5,000
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| | sentences. Of course, on larger IT
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| or $10,000 leash before they've proven
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| | consulting projects you will need multi
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| they're able to pay small invoices.
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| | page proposals.
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| If they need a lot of work before that,
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| | The Bottom Line about IT Consulting
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| it makes sense to get larger deposits and
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| | Always insist on written agreements, even
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| be able to accept credit cards, but do
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| | if it's a very small job. Just type up a
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| not be too quick to give new IT
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| | couple sentences, a letter of
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| consulting clients credit. It's a way to
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| | understanding, to ensure you and the
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| get yourself in big financial trouble
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| | client are on the same page.
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| really fast.
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|
