Lessons Learned: Always use 50/50% Payment Model
Dumping the words "lesson learned" into my business knowledge I have acquired section of my so-called "management manual," there is a good one all small business owners should apply. Never pay contractors their fees all upfront. Either do payments or 50/50. Wanting to be a trusting person, I've stumbled and fell on my face a couple of times after "trusting" the wrong contractor -- someone I should have been able to trust. The rules should apply like this: No. #1 Don't do anyone any favors out of strict kindness and pay them in advance of work . Motivation to do the work sometimes requires a carrot and a stick. If the contractor eats the carrot before commencing the work, the motivation is now gone. Leverage is now gone, too. Outside of legal recourse, that contractor can hold you hostage to his/her whims or lack of work ethic. No. #2 Trust is earned ... period . I'm never one to suggest not to be trusting. Trust is a beautiful thing especia...