🚨 Startup SOS: From Employee to Consultant - Money Talks or Caution Walks?
I left a startup due to financial difficulties within the organization. Salaries were delayed for 3 months, however, the team and my previous employers have been very good to me throughout my time there, and it was solely due to the circumstances that I had to part ways.
Now, the CEO has reached out to me, asking me to join as a part-time consultant on a case-by-case basis to help them resolve their issues, while I continue with my new job. This opportunity could provide me with additional income, but I have concerns about whether they will pay me for my consultations.
Should I take the opportunity? How much should I ask for?
Appreciate your thoughts!
For the money part. At least double the hourly rate of your current job. Also add a clause mentioning that
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50% of the payment has to be done in advance before each probject
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Company is responsible to share documented scope of project and how they will evaluate the job is completed or not at the beginning of project. Failing to do so, will make company liable to pay you in full for the complete project.
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Balance 50% of the payment should be done within 15 days of project submission. Any delay in payment will incur 10% monthly interest rate.
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A new project can only be started once payment of previous project is settled.
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OP has option to pick or drop a project
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Delivery date of project will be discussed and finalised at the begin of project. And any delay in project due to situations not in control of OP, OP will not be liable for it.
Thanks, will keep it mind.