Doing Pro Bono Work
Have you ever been asked to work for free or very little money, but instead be compensated with high-ranking business contacts or more projects “down the road?”
While this may sound like a good investment at first, I’ve learned that it almost never bears fruit. Just think about it for a minute or two. You may find yourself in a situation were you fall behind on or even turn down paid work while working on a project for free. This makes no business sense at all, especially for most of us in the small business community. Unless you are sitting on a pile of cash, you simply can’t afford to be compensated by intangible promises.
Don’t get me wrong though, I do support non-profit or community efforts by working essentially for free, but those are a different story. I engage in these projects with the understanding that there will not be any “formal compensation” other than the feeling of pride and joy in the event of a successful effort.
Have you accepted compensation other than money from clients or business partners? If so, what has your experience been? Please share in the comments.
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