Some small business owners are a lot more hands-on than others. One owner will contract the set up of their company to others, like accountants and lawyers, while another will try to handle all of those aspects themselves. If you are a small business owner, and you like to handle your business in the latter fashion, then there are some things that you need to prepare for.
One of the most overlooked aspects of the business in the employment contract. If you don’t plan on hiring any employees, you don’t need to worry about this. If you are hiring employees, though, then you will need to get an employment contract ready.
Certain business owners get lawyers to do this for them. This is a good idea because lawyers know everything that needs to go in the document and they won’t leave anything out. Then again, this can be a really costly process. Most lawyers’ charge quite a bit of money for their time, so if you don’t have money allocated for this, you may want to bypass this step.
Luckily, you can make contracts all by yourself. All you need is time and an employment contract template. Then you can use that employment contract template to make your own personalized contracts. This can be fairly inexpensive, and sometimes even free. Do this if you are the hands-on type of small business owner.
There are several places that you can find an employment contract template. For starters, a good place to go is to the bookstore. You can usually find books on the subject in the business or management sections of the store. There are good not only because they have good templates, but also because they do a great job of explaining everything that goes into the process of using them. If price is a concern, you can always pick up library books.
While this is free, you might end up needing to make copies of the actual employment contract templates for your records, although it is still much cheaper than buying a regular book.
Although templates from books are perfectly acceptable, an even better way to go is to find them on the internet. The internet is better because you can get the employment contract template files so that you can easily edit and adapt them right on your computer.
You will likely need some amount of computer skills though. If you don’t have them, this would be a good time to start since most businesses run most, if not all, of their functions on computers now.