Is this a Problem? :-)
 

Hello,

I am posting to request information. :-)

Why? One of our businesses has grown to the point to where I *need* help. (You know…” Which hat do I wear now?,” and, “How does one wear multiple hats at once?”)

Now, I know this type of growth is good, right?! :-)

So, what I want to do is hire sales reps… as Independent Contractors.

My problem? I don’t know what the legal requirements are for doing this. For example, do I need to apply for any type of forms, tax papers, etc.?

Up to now, we’ve done everything ourselves… yet, I know this is keeping us from growing this particular business to its fullest potential.

Any ideas, or offers of assistance would be greatly appreciated!

Thank you in advance for your time!

Cordially,
Diane Everroad

P.S. Oh,... I would also like to farm out some of the office work. Any ideas here would also be appreciated!

P.S.S. Does this posting sound like a cry for help? It is! :-)




It Works!

Re: Is this a Problem? :-)
 

Diane,

Congratulations on a successful business. You're now experiencing growing pains ;-)

What you need is a good business manager. Someone who will take much of the load off your shoulders. If you hire sales people (independent contractors) and office help, you'll need to divide your time in supervising these people. Time best spent in growing your business further.

My advice? Hire just one person. That person would be responsible for the smooth running of the administrative side of things. He/she will hire, fire, train, supervise, and generally take care of sales and admin. This'll leave you to focus on the things that you do best...

It'll be worth it. You'll save yourself the stress of having to deal with mercurial salespeople and office staff.

God bless.
Brent "The Winner" Whinfield

> Hello,

> I am posting to request information. :-)

> Why? One of our businesses has grown to the
> point to where I *need* help. (You know…”
> Which hat do I wear now?,” and, “How does
> one wear multiple hats at once?”)

> Now, I know this type of growth is good,
> right?! :-)

> So, what I want to do is hire sales reps… as
> Independent Contractors.

> My problem? I don’t know what the legal
> requirements are for doing this. For
> example, do I need to apply for any type of
> forms, tax papers, etc.?

> Up to now, we’ve done everything ourselves…
> yet, I know this is keeping us from growing
> this particular business to its fullest
> potential.

> Any ideas, or offers of assistance would be
> greatly appreciated!

> Thank you in advance for your time!

> Cordially,
> Diane Everroad

> P.S. Oh,... I would also like to farm out
> some of the office work. Any ideas here
> would also be appreciated!

> P.S.S. Does this posting sound like a cry
> for help? It is! :-)

I almost forgot...Here's an Independent Contractor form.
 

Diane here's an Independent Contractor's form. Hope you find it useful :-)

http://www.audiointro.com/ICA.doc

God bless.
Brent "The Winner" Whinfield

> Diane,

> Congratulations on a successful business.
> You're now experiencing growing pains ;-)

> What you need is a good business manager.
> Someone who will take much of the load off
> your shoulders. If you hire sales people
> (independent contractors) and office help,
> you'll need to divide your time in
> supervising these people. Time best spent in
> growing your business further.

> My advice? Hire just one person. That person
> would be responsible for the smooth running
> of the administrative side of things. He/she
> will hire, fire, train, supervise, and
> generally take care of sales and admin.
> This'll leave you to focus on the things
> that you do best...

> It'll be worth it. You'll save yourself the
> stress of having to deal with mercurial
> salespeople and office staff.

> God bless.
> Brent "The Winner" Whinfield

One thing that has saved me a lot of "grief"
 

When I started hiring independent contractors for anything....I had an "independent contractors Agreement" and spelled out what they were to do and how much they'd be paid.

I'd give them some training...take them out on some calls with me and turn them loose. They'd go out abd find that it wasn't their cup o tea and I'd never see them again.

I'd have to HUNT DOWN all the materials I gave them...which was a real pain.

I stopped all this in an instant by having each one SIGN a "Promissory Note for $2500".

This meant that, even before they started, I had a Note that said they OWE ME $2500. All I had to do was file it at the county courthouse.

After that...I received EVERY piece of my materials when they were ready to quit. They had me tear up the Note in their presence.

So...one little piece of paper can save you a lot of grief.

Here's the TEXT for the Note;
==================================================
Your Letterhead here

PROMISSORY NOTE

Amount: $2,500

(Two Thousand Five Hundred Dollars)

I, (Print Salesperson’s Name)_____________________________do hereby
promise to pay to (your business name), the sum of TWO THOUSAND FIVE HUNDRED
DOLLARS ($2,500) for the prompt return of all sales materials placed in my possession.

If I fail to return the sales materials, (your business name) has the right to
commence suit for said sum.

Should suit be commenced to enforce payment of this Note, I promise to pay such
additional sum as the court may adjudge reasonable as attorney’s fees in said suit.

Independent Contractor_____________________________________

Print Name

Signature_________________________________________ _______

Company___________________________________________ _____

By________________________________________________ ______

TITLE_____________________________________________ _______

Address of Ind. Contractor
__________________________________________________ _

City___________________________________State______ _Zip_____________
________

Phone_____________________________-
Date_______________________________




GUARNTEED Money Maker! Reprint Rights to 3 of my products

What a great problem!
 

Congrats! on your terrific problem!

You can hire independant contractors (check out the Virtual Assistant Links at www.coachmaria.com/coaching.html#Virtual ) or you can hire employees.

One suggestion that I make to my clients is to attend a free IRS tax conferences. They are excellent! Usually taught by tax auditors. One day includes an afternoon on employee tax information. 1/2 day does not. They'll send you home with 2 inches worth of very valuable information.

Best of success,

Maria Marsala
Business and Life Coach-Consultant
www.coachmaria.com