Contracts and SOWs

consultants

Top 5 Common Contract Mistakes to Avoid

By MBO Partners

Contracts are an important part of an independent consulting business. They define services to be performed, state payment terms and conditions, and provide legal protection. As a solo business owner, a simple contract mistake can end up costing you valuable time and money. With your business and reputation on the line, it’s important to carefully…

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consultant working

6 Things to Include in a Project SOW

By MBO Partners

Writing and delivering a Scope of Work (SOW) can at first seem like a daunting task. However, once you understand what goes into the various parts of the document, it becomes much more manageable and can be a useful tool to help you get organized before a project begins. A project Scope of Work is…

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consultant

Verbal Contracts: 4 Best Practices

By MBO Partners

Entering into a verbal contract with clients a common practice among independent professionals, but it’s not a best practice. Without the red tape and bureaucracy that can slow down larger businesses, independents enjoy the advantages of being flexible and agile in transactions and deals. However, while verbal contracts often simplify business, if things go sour,…

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happy consultants

5 Basic Startup Costs for Independent Consultants

By MBO Partners

Startup costs for a new business are an important consideration. One of the biggest hurdles you will cross when going independent is truly making sure you are ready for self-employment. If you want to start your own business and already know the skills and services you want to offer to clients, congratulations—a big part of…

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consultant

What to Include in a Consulting Agreement: 7 Sections Every Agreement Should Have

By MBO Partners

A consulting agreement between an independent contractor and a client should provide legal protection for both parties while also clearly establishing expectations of the project to be completed. The exact language and sections included in your contract may vary depending on your industry, client type, and location. Independent contractor agreements are particularly important for independent…

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consultant with paper work

8 Terms that Should Be Included in an SOW (Scope of Work)

By MBO Partners

What is a Consulting SOW (Scope of Work)? A Scope of Work (SOW) is a document that defines how a project will be executed through specific tasks, activities, deliverables, and timelines. A SOW also provides important legal protections for both you and your client. While many people associate SOWs with large-company projects, they are equally…

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consultant

4 Reasons You Need a Consulting Agreement

By MBO Partners

Independent contractor agreements are a written record of the agreement between consultant and client. Not only do they provide legal protection, but they also create a sense of professionalism, encourage communication, and ensure an efficient and streamlined process to complete the project. Contracts can be as long or as short as you need. Taking the…

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How to Write and Deliver a Consulting Proposal (Guide)

GUIDE | 8 MIN READ

How to Write and Deliver a Consulting Proposal (Guide)

By MBO Partners

Learn how to write and deliver proposals as a consultant.

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Scope of Work Templates for Consultants: With Step by Step (Guide)

GUIDE | 10 MIN READ

Scope of Work Templates for Consultants: With Step by Step (Guide)

By MBO Partners

Find a step by step guide on creating a Scope of Work document that outlines the basic details of your project with a client, as well as highlights key terms, such as payments, revisions, and key deadlines.

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consultant planning

How to Bid on Consulting Projects and Win

By MBO Partners

If you run your own independent business, you likely know that writing proposals and bidding on projects is an integral part of your job. However, the formal Request for Proposal (RFP) process can be filled with tedious details that can feel overwhelming. Due to the complexity of this process, it’s important to understand how to best assess…

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