Inside: As an entrepreneur, how do you know when it’s time to hire? When you are ready to hire an employee, follow this guide to make the best decisions.
When you start your own company, you know your products inside and out. You are in full control of everything – the vision, the design, every single element is produced by your tireless hard work.
It’s no wonder that the thought of hiring someone to take over some of your duties might fill you with anxiety. How can you trust them? How can they ever have the same passion for your company as you do?
If you want your business to grow, then hiring employees is a vital next step. I understand why it’s a tough decision, and I’m going to help you through this exciting process.
How To Tell If You Are Ready To Hire Employees
Before we talk about how to hire, let’s chat about how you know when to hire. How can you tell when you are ready to hire your first employees? There are actually a lot of warning signs. Pay attention to them and don’t be scared to take that first step.
This is going to mean positive growth and more time for you to focus on your products, services and customers.
If you notice any of the following signs, start looking for a few reliable employees.
You Spend Too Much Time On Trivial Things
The very first sign that you need to hire employees is that you find yourself spending too much time on mundane tasks and less time on more important matters.
For example, are you spending more time balancing your books than you are innovating new products? If so, it’s time to delegate that task to someone else!
You need to value your position as the main leader and vision-creator of the business. Allow others to complete the smaller tasks so you can focus on the business as a whole.
You Are Spending More Time Learning Than Doing
There are so many things you’ll constantly be learning as an entrepreneur, but when you find yourself spending more time in classes than actually growing the company, it’s time to hire someone else.
Your business got where it is today for a reason – you have something amazing! Grow your specific talents and hire others who have skills you don’t.
You Need A Break
When was the last time you took a weekend off? What about an entire week for a vacation? If you are spending every day and night working and worrying about your business, then it is time to hire some help.
So many studies show the health benefits of taking some time off. It will give you a refreshed mindset and help you make smarter decisions.
If you keep trying to do this on your own, you will eventually burn out. There is no way your business will grow if you can’t let go and trust someone else to carry the load for you.
Customer Service Is Suffering
Excellent customer service is the best way to grow your company. Word of mouth is – and always will be – the best way to gain new customers.
If it takes longer to respond to customers, you need to hire an employee or two and delegate tasks. Even if you hire someone to focus exclusively on customer service, anything you can do to give more focus to your customers is a good thing.
You Are Turning Down Work
Another sign that you need to hire an employee is that you hit your output limit. When you discover that you literally don’t have time to produce anything else, you should bring a few team members on board.
It’s no secret that you’ll earn more money when you sell more products/services. Even if you have to reprice your products so that you can afford to pay some employees, it will all be worth it.
Product Quality Is Suffering
When you are stretched too thin, you won’t have time to focus on the quality of your products, and it will show. Invest in more employees so that you can maintain your high standards.
When your products decrease in quality, you run the risk of alienating loyal repeat customers. However, when you keep your products at the same quality they always were, you’ll attract even more people.
You Need Someone With A Specific Skillset
Even though you started out doing everything for your small business, there is no way that you will always be able to do it all – and you shouldn’t be expected to.
At some point, you’ll need someone with some specific skills that you don’t have. These skills will propel your business forward.
For example, maybe you need someone that is experienced in social media marketing. In this case, you will want to hire someone with experience and professional marketing skills.
You Can Afford It
Another sign that it’s time to hire some employees is that you can actually afford it. They say you need to spend money to make money!
Investing in employees will benefit your business in exponential ways.
Benefits of Hiring Employees
One of the best investments you can make in your business is hiring qualified people. Their experience and skills will skyrocket your business and make it more profitable than you ever dreamed.
Here are the biggest benefits of hiring employees.
More Customer Service
Whether you hire people to specifically focus on customer service or it frees up more of your time to do it yourself, hiring a team will increase your customer service.
There are various aspects of customer service – from the very first contact, throughout the sale, to the shipping receipt of the product – it’s a long process. It’s a process that pays off when these customers brag about you to their friends and family.
Employees Bring Focused Skills
Another benefit of hiring employees is that they bring with them the experience and skills that you might not have. Some of these skills take years of practice (and failures) to hone and perfect. Instead of spending all that time trying to learn them, hire people that already know how to do it.
For example, it’s a much wiser choice to hire someone that knows IT networking than it is to try and follow a YouTube video (and risk having to hire someone to fix it).
Frees Up Your Time
Your job as a business owner should be casting the vision. When you hire employees, you will be freeing up your time so you can oversee everything and make sure it matches your dreams for the company.
The best team members will believe in your vision and work hard to accomplish it. Imagine how much more you could do!
Ready To Hire? Final Thoughts
There you have it! Are you ready to hire some employees? This is a really exciting time and you are about to see your business grow. In fact, hiring the right people can help you reach more people than you ever thought!
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