![]() Thus I always recommend you ask the right questions before signing anything. Should they go out of business, you are better off than if you did not require any upfront payment at all. If the company you’re working for may have a dodgy financial status, you are not on the hook for the money you spent to travel for them. I have had invoices and reimbursement requests get lost only to find out when I went to ask 1.25 months later. Additionally, most startup companies don’t have a good way of handling expenses. Getting your money reimbursed can be a hassle and can take up to a month depending on how often the CEO or CFO signs checks. As a rule of thumb, especially working with companies who have limited funding, require prepayment up front of the approximate travel costs. Even when not working for a hardware startup, travel costs can be a huge burden and it’s a burden, generally, that a company should bear, not you! So, be sure that your contract covers any business travel expenses including flights and food. If you are working in a hardware startup, you will likely have to travel at some point to a factory. Sometimes contractors can negotiate business travel costs. This way either party can seek damages if you decide to spill all their intellectual property across the internet or into the hands of their competitors. For example, an event may be the date of a product launch, a minimum of 2 years, or which ever is earlier. These types of agreements are useful for both contractors and companies as they are a written indication that, in the case of a mutual agreement, neither party will divulge private information until a set date or event. Thus, when it came time to figure out whether or not the contractor delivered or someone new came in to manage that person wires were crossed and they couldn’t really do anything about it.Īdditionally to the above pieces of paperwork, a mutual or one-way non-disclosure agreement may be needed. I have seen many contractors get burned because their work was not defined well. I highly recommend defining these deliverables in as much detail as possible. The longer your contract term, the more likely that these are vague and more overarching. ![]() This statement of work is used to describe what your responsibilities or deliverables in a company are. The second document is usually some kind of statement of work. For instance, a clause that states that the company can terminate your contract without cause and payment is not something you want to be signing! The only thing that you should understand or have a lawyer advise you on is anything that may put the you at an unfair advantage. the first document outlines the standards of the hiring company, assignment of intellectual property, when you will be paid, and if any litigation is necessary where the litigation will be held. Typically, when given an offer you will have to sign at least two documents. Every contracting agreement is its own special snowflake so proceed the best you can just remember to never undersell yourself! Unless, you are doing it intentionally with the goal of gaining of partnerships, relationships, or work experience. If this is not the case, adjust the proportion of the costs accordingly. #Plant startup manager contract jobs fullNote: that this is based on the fact that you will be working for the company full time. How can you approximately determine what you should be paid? Here’s a quick formula: Normal monthly salary + monthly health care costs + (optional) travel expenses, etc. The later should be more because your contracting salary doesn’t include perks like dental/health insurance and investment accounts. What is your salary? What is your salary if you’re contracting. Once you have some background knowledge and a plan you also need to know your numbers. Some other compelling interview techniques include the briefcase technique which is covered in detail here. I took the time to write another blog post which talks about the best questions you can ask during a startup company interview. After landing the interviewĪwesome, you have an interview! First you want to prepare some thoughts and questions around the company that you are interviewing with. So read on for my own experience as a contractor and how you can do it too. ![]() If your heart is set on full time employment there are some things you can do to get compensated for your work. Likely though, especially for someone they’ve never worked with, the hiring manager will push for a 3-6 month contract to start. There are pluses and minuses to both situations. Startups with founders that are worth their salt will often contract work out instead of hiring employees. Contracting can be a beast in an of its own. ![]()
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