What Startup Consultants Do
Startup consultants are hired for their expertise in a certain area, for instance developing and marketing apps for tech startups.
Regardless of their specialization, the consultant will fulfill their advisory responsibilities by carrying out some or all of the following:
- Coaching Staff – Training and motivating employees to perform well and execute their duties.
- Market Research – Conducting research into the business’s marketplace and completing and presenting reports on their findings.
- Process Optimization – Auditing the company and creating an optimized architecture for its operations.
- Project Management – Analyzing a project’s needs and providing recommendations for the project’s management and financing.
- Strategy Development – Creating a detailed business plan for the company’s progression and success.
Sample
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STARTUP CONSULTANT AGREEMENT
This Consultant Agreement (“Agreement”) is made effective as of [MM/DD/YYYY] by and between [CONSULTANT NAME], with a mailing address of [CONSULTANT ADDRESS] (the “Consultant”) and [CLIENT NAME], with a mailing address of [CLIENT ADDRESS] (the “Client”).
1. SERVICES. The Consultant agrees to provide the following services to the Client: [DESCRIBE DEVELOPER’S SERVICES] (“Services”).
2. COMPENSATION. In consideration for the Services to be provided, the Client agrees to pay the Consultant $[AMOUNT] per hour.
3. PAYMENT METHOD. The Consultant shall be paid, in accordance with section 2, upon the Client receiving an Invoice from the Consultant.
4. TERM. The Services shall commence on [MM/DD/YYYY] and end on [MM/DD/YYYY].
5. RETAINER. As an advance on future Services to be provided, the Client is required to pay the Consultant a retainer in the amount of $[AMOUNT] every ☐ week ☐ month ☐ quarter, beginning on [DATE] (“Retainer”). The Retainer is non-refundable.
6. CONTINGENCY. As part of the Consultant’s pay, there shall be a contingency fee arrangement in accordance with [PERCENT]% of [CONTINGENCY REQUIREMENTS].
7. NON-DISCLOSURE. The Consultant agrees not to disclose or use the Client’s proprietary or confidential information without prior written consent, except as needed to perform the Services, recognizing that such actions would cause irreparable harm to the Client.
8. EXPENSES. The Client shall be responsible for the following expenses: [LIST EXPENSES TO BE PAID BY CLIENT].
9. INDEPENDENT CONTRACTOR STATUS. The Consultant is an independent contractor, and neither the Consultant nor their employees or contract personnel are or shall be deemed the Client’s employees.
10. TERMINATION. Either party may terminate this Contract upon [#] days’ written notice.
IN WITNESS WHEREOF, the parties have executed this Agreement on [MM/DD/YYYY].
Consultant’s Signature: ____________________ Date: [MM/DD/YYYY]
[CONSULTANT PRINTED NAME]
Client’s Signature: ____________________Date: [MM/DD/YYYY]
[CLIENT PRINTED NAME]