As a solopreneur, working with contractors is a fantastic way to expand your business and take a load off your plate without having to hire official employees.
However, there may come a time when you need to part ways. If you are seeing a lack of results or objectives met then it may be time to fire your contractor. In this episode of Solopreneur Money, I’ll describe a couple of recent situations where I have had to do just that.
Listen in to learn what you should expect from contractors, how to know when to fire them, and how to go about firing them.
You will want to hear this episode if you are interested in…
- Clearly laying out your scope and expectations from the beginning [1:22]
- Knowing when to fire your contractors [3:18]
- How to fire your contractors [4:44]
First, get the right agreements in place when hiring a contractor
Do you use contractors in your business? If you do, do you have the proper agreements in place? Are the duties, scope, and expectations laid out clearly?
Having these parameters in place will help you set the expectations with the contractor so that they understand what will happen when these aren’t met. When you have distinctly described your expectations from the get-go, it should prevent any misunderstandings in the long run which will help prevent you from having to fire anyone.
It’s also important to consider this from your own clients’ perspective. When you do a job do you have your duties, scope, and expectations delineated clearly?
When to know it is time to fire your contractor
When you begin to see a lack of results, achievement of duties, or objectives met it may be time to start thinking about parting ways. While this isn’t easy to do, you are a business owner so to maintain your business and lifestyle you’ll need to do this from time to time.
How to fire your contractor
One thing that is important to do first is to have a conversation with them. It is important to communicate your expectations clearly so that they understand your objectives are not being met. They may need to have a couple of chances to remedy the situation and try and make things right.
Recently, I had to let a couple of members of my team go. After a year of trying, I realized that the marketing that my marketing team was doing wasn’t bringing in the number of clients that I expected, I knew that it was time to scrap the project and let them go. Even though they were doing what they were expected to do, the results just weren’t there. That’s when I decided to let them know that I no longer needed their services.
If you want to learn how that conversation went, press play to hear what I said.
Connect With Gabe Nelson
- BOOK – The Solopreneur’s Money Manifesto by Gabe Nelson
- FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/
- EMAIL: Gabe (at) GabeNelsonFinancial.com
- Follow Gabe on LinkedIn
- Follow Gabe on Twitter: @GabeNelsonCFP
- Follow Gabe on Facebook
- Follow Gabe on Instagram:@GabeNelsonCFP
Audio Production and Show notes by
PODCAST FAST TRACK