The Ultimate Guide to Statements of Work — Here's Everything I Know I have been freelancing for nearly 6 years now (gosh, time flies). Initially I didn’t formalize my agreements with clients — no signed documents or contracts. But as I gained more experience, I realized that if I wanted to grow my business I had to set ground rules and put them in writing. Once I introduced contracts, which included a statement of work, working with clients became much easier. There is something about contracts that encourages (most) people to follow the rules. The more work you take on, the more important it is to organize it properly. Trust me, scaling your business without a contract is hard, if not impossible, to do. So in today’s post I am going to discuss what a statement of work is and how to create one. Table of Contents What is a statement of work? Purpose of a Statement of Work Types of SOWs Components of an SOW Download this free project proposal template from HubSpot. SOW vs. Contract A contract is a legal agreement between two companies, or an employer and employee, that describes the completion of specific work for an agreed rate. While both SOWs and contracts are crucial in business and project management, they serve different functions. Let’s take a more detailed look at how these two...