You’ve worked hard, built up your business, and it’s flourishing – but you feel like you can’t keep up. This is a common problem for many small business owners. If you are struggling to keep your head above water while managing the tasks of a small business, you might be at the point where you need to hire the help of another person.
Signs You May Need to Hire:
There are some signs that it might be the right time to hire a new employee for your business.
- You can write a job description – If you have a clear picture of the tasks the new employee would take over, it might be time to hire. Make sure you have a picture of what the workload would entail for this employee and how much work you have for them to do.
- You need someone with specialized skills – If your business has expanded beyond the realm of your capabililies and skillset, it may be time to hire someone who has skills that you don’t have. You may need the help of someone who’s an expert at marketing, graphic design, or customer service if you feel you are lacking in one of those areas.
- A new employee will generate or save you money – Ideally, you should hire a new employee if they will bring in more money for your business or save money for your business. Hiring someone costs money but if the new hire will bring in added revenue then it may be worth it.
- You have to turn down work –If you feel like you are stretched too thin to accept new clients or work, you may need to hire someone. In order for your business to grow, you need to take on new work and that requires bringing in more employees.
- The quality of your work is suffering – When your workload is too heavy, it can lead you to not take the time to perform high quality work. Low quality service or products can lead you to lose customers and profits. Hiring a new employee can lighten your load and allow you to improve your quality of work.
- You don’t have time to take breaks or vacations – If you are struggling to find time to take a break or vacation from work, that may be a sign you need to hire someone. If you don’t have employees to pick up your slack while your gone, you may never have time to take a break.
Things to Considering When Choosing to Hire:
Somethings you should consider before hiring your first employee include:
- Do you have enough cash-flow to support yourself and a second employee?
- Are you inundated with work that you can’t accomplish?
- Do you have a defined set of responsibilities and expectations for your new hire?
- Will the employee either make money for the business or save money for the business?
- Are you rushing into the decision because you’re stressed or have you taken the time to think it over?
After considering these things, you might have a clearer picture of whether it’s the right time to hire a new employee.