When you run your own business, it can be hard to keep up with your heavy work-load. However, having the money and someone to trust who can do the job for you is an issue on its own. Knowing when the right time to hire an employee is can be a very daunting task. Luckily, I have a few tips that I can share that will hopefully help you answer the question, “When should I hire?”
When You’re Losing Jobs Because of Time
If you’re so busy that you’re having to turn down customers and jobs, you are losing money. One way to avoid losing money is hiring another employee to help you out with these tasks. When you find yourself too overbooked to complete your jobs, you could potentially give your company a bad name, as well as losing money. If you are to the point that you’re losing business you could use to pay someone to help, you know you need to hire.
When You Could Expand with More Expertise
If you could expand your business’ offerings and make more money, but you simply don’t have the expertise in all areas, it might be time to hire someone who does. For example, if you are a landscaper and you are always getting calls for tree-trimming, but that’s not something you can do personally, you should invest in someone who does. That way, you can expand your business and grow your product offerings, which will really benefit you in the long run.
When You Have the Financial Ability
This is a big one. Not all business owners have the financial ability to hire new employees when they get busy. However, if you find yourself in a position to pay someone else, even part time, to take some stress off of you and increase your quality of life, it might be time to hire that person. Don’t be afraid to take the plunge and get some help for yourself and your business!
When You Find the Right Fit
You want to make sure you don’t hire just anyone because you are desperate. That won’t help your business and definitely won’t help you. If you are in need of help but you haven’t found the right person just yet, hold off until you do. You will thank yourself later if you take the time to hire the right employee who can be beneficial to your business. If you’ve found your fit, don’t wait until they find a job elsewhere!
For more insights on marketing strategy that actually works for small business, subscribe to the FreshLime Newsletter here. Connect with Jay Bean, Founder of FreshLime and Small Business Marketing Expert on LinkedIn and Twitter. And last of all, if any of these tips have helped you or if you have anything to add please comment below. We’d love to hear from you!