Battling the Financial Storm
by James Birtwhistle
Following the slide of the FTSE below the psychological 4000 barrier and the much publicised crisis at LDV with 6000 workers jobs under threat, those of us who expected the economy to start righting itself this spring may be sadly mistaken. As employers cash gets tight we thought we’d focus on what you can do if you’re freelancing and having trouble extracting that well earned payment for your hard earned work. These 5 tips won’t guarantee success, if an employer goes bust, there’s very little you can do, but they may at least remove any anguished thoughts of what you could have done differently... Good luck!

1) Make sure your contract is in order and if necessary, get a legal once over to make sure it’s as robust as possible. Make sure it states the terms of payment on it, and remember to get the employer to sign a copy so you’ve both got something contractually binding agreed in writing. Offer an early payment discount at the outset. You’ll be amazed with how much of an incentive this is to employers. If at all possible, reduce the risk by getting paid on a weekly basis. Can you split your work into smaller billable elements rather than a final lump payment for the finished article?

2) Network, network, network. If you’re being given the run around, try and find a trusted ally within the business who can keep you in the loop of what’s happening. Find existing suppliers if necessary to understand how they are being paid. Ask the Network Freelance community if anyone’s been in the same situation, and get free advice. And remember to spread the word. Network Freelance is the only freelance community where you can leave feedback on employers. If you’ve contracted with one and you’d rather not repeat the experience, tell the community. Keep the facts though!

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