Got Cancelled by Elon Musk? Here’s How Brilliant Consultants Prevent That from Happening.
We must learn to protect our 1-Man Consulting Practice. We must.
As of July 12th, 2022, Twitter is taking Elon Musk to court on Tuesday, for his decision to terminate an agreed $44 billion takeover of the company.
The anger from Twitter’s senior executives is understandable. Elon proposed to take over the company at $54.20 per share on May 17th, this year. Since his offer went public, Twitter’s share price went on a free fall. It ended at $36.75 when I checked last night.
Imagine that your compensation is tied to stock performance. The equity component of your entire package just plummeted by 32.3% within a couple of months.
This is, obviously, not a good thing. Not at all. I will be pissed, annoyed, and willing to take the world’s richest man to court.
And there is one important lesson here.
Intelligence 1-Man consultants must learn to protect their contract obligations and limit the liabilities of their practice.
Step 1 — Love Your Black and White
It amazes me just how many 1-Man consultants sell products and offer services without having a commercial…
