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Bankrupt Proof Your Business: Put It In Writing

If you are a Small Business Owner, answer this question:

How often do you put your business transactions in writing?

If you answered not often or barely, here are a few reasons why written contracts are a must in Business: 1. Proof of details.

This is definitely one of the reasons why a written contract is essential for your start-up business or any other type of business because the document legally serves as proof of details on whatever you and the other party have mutually agreed.

2. Prevent misunderstanding from arising.

A written contract is usually produced during a sensitive business venture between parties entering into a business agreement. The main purpose of this formal written agreement is to give each concerned party the chance to read and have a clearer understanding of the terms or conditions, including the personal expectations of each party and what they have come to terms after a thorough discussion. 

3. Provide security and peace of mind.

In any business dealing, a written contract can provide security and peace of mind to all of the parties involved in the transaction.

4. Guaranteed confidentiality.

One of the ultimate benefits of having written contracts in business transactions is the opportunity to agree to confidentiality and non-disclosure provisions protecting sensitive information.  5. Avoid expensive litigation proceedings.

When a party to an agreement breaks the contract, the written agreement will be used as a general reference on what the parties have agreed and determine who is really at fault. 6. Serve as an official record of the business agreement.

A written contract is used as an official record establishing what the parties involved have agreed on. 

Donya Zimmerman’s alter ego is the Powerful Biz Woman. The Powerful Biz Woman mission is to encourage and educate women 35 years old and older to become the CEO of their own lifestyle through business ownership. She is a business educator, author, show host, and public speaker. Donya has created the Powerful Biz Chat Live Show that airs on Facebook Live. Donya discusses everything Business Startup and Entrepreneurial Mindset. Powerful Biz Chat Live airs three times a week at 800 pm. Donya has started a movement, along with her business partner, Alina Lopez Thomas, the Ultimate Biz Conference. The mission of the Conference is to educate aspiring entrepreneurs and small businesses on how to cover their a$$ets while in business. For more information on The Ultimate Biz Conference, subscribe to to stay up to date on UBC events.

If you are looking for a speaker for your next event, then contact the Powerful Biz Woman (Donya Zimmerman) at; 443-635-4557; or Https:// The Powerful Biz Woman will be a great asset to your next event.

1 Comment

Important to have written and signed contracts as a Business Owner.


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