Small business owners often are do-it-yourself types who prefer to be involved in every aspect of their daily operations, from choosing the type of printing machines to doing the company tax returns. Many business owners find it difficult to delegate tasks to employees or outside consultants. However, if you are a small business owner and spending too much time on non-core business activities, you can find assistance from consulting services.
Most times, financial restraints often require owners of startups to be jacks of all trades during the first few months or years of operation. As the business matures and profits increase, there are many needs that are better served by experts in the discipline. The ever-increasing complexities of information technology, the tax code, and the regulations and other legal aspects surrounding a business can be very difficult to stay ahead of.
Word of mouth referrals are a common ways to find good consulting help once you’ve determined you need it. If you are new to a particular area, local business groups or chambers of commerce might provide referral assistance.
Once you’ve interviewed and selected a consultant, draw up a contract that addresses the following areas:
- rates
- terms (time frame, description of services to be provided, etc.)
- conditions of termination of the agreement
- a Statement of independent contractor status
- confidentiality clauses
- non-disclosure clauses
