When to Hire an Employee
Remember when you started your business? The simple times of working out of your home and handling everything yourself? Remember having time for family, friends, and relaxation?
Growing a business requires a lot of hard work and the ability to wear many different hats. As a solopreneur you are required to complete the work, network to acquire additional work, and manage numerous office tasks. You may find that there is not enough time in the day to get all the work done and keep your sanity. You may be faced with making a decision whether to hire an employee or subcontractor
How do you know if it is the right time to bring in additional help? Here are four questions you can ask yourself:
- Does the phone continually interrupt my work?
- Do I completely miss calls because I am too busy working?
- Do certain areas of my business get pushed to the bottom of the priority list until the absolute last minute because I don’t like to do the task or don’t have enough time to complete it?
- Do I find that there’s not enough time to network because of all the other work I am doing even though word of mouth is the most powerful form of advertising?
If you have answered “yes” to one or all of these questions, you may need to consider hiring a new employee. To confirm this belief, take the following additional steps:
- Make a list of all the tasks you are required to do, all the hats you wear, and any tasks that often do not get completed due to lack of time.
- Once the list is complete, prioritize the tasks according to the importance to the operation and success of your business.
- Next, notate which tasks you need to control or that require your special expertise.
- Determine which jobs you consider to be annoying interruptions and/or tasks that take valuable time away from the top priority tasks or tasks that you enjoy.
- Identify which tasks you could give to an employee. Think about the skills you lack and include these in your list.
After completing your list consider how you would benefit by handing these jobs off to someone else. If the benefits would increase your productivity and the profitability of your business, you should strongly consider hiring an employee or subcontracting the work out. Read next week’s blog, “Should I Hire an Employee or an Independent Contractor”?
Do you need some additional insight on whether to hire an employee or sub-contractor? Contact me at (715) 379-0116 or email me at email@example.com. You can also connect with me on Facebook or LinkedIn.