EntrepreneurshipIt is Necessary to Paper Up!

It is Necessary to Paper Up!


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It is Necessary to Paper Up!

Often people get into agreements with other parties, particularly people they consider friends and family without any formal documentation. Let me let you in on a few hard truths:

1. People seem desperate and honest when they require
professional services;
2. Human beings tell lies. Plain and simple;
3. People develop amnesia once the job is done;
4. Money changes people’s attitudes;
5. It’s only business, no hard feelings.

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Between 2019-2020, I rendered consultancy services for people I considered true and honest friends. I trusted their word of timely payment upon completion of work. I put in the time, tirelessly. They weren’t going anywhere they said, whenever I talked about a contract.

They were very happy with my services until the point when they needed to pay me. Then they suddenly stopped responding to emails, calls and text messages. Wow. Who could I blame for this? Even though, they chose the path of deceit, should I have bothered to take a legal route? I decided against it. But I bagged lessons for future interactions. Friendship, business and lies don’t mix. So PAPER UP!

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Document the business agreements by all means, friend or not. You are not too officious’ if they complain of mistrust. Trusting everyone is just too pricey. Happy New Month!

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