How To Know If Your Small Business Is Ready To Hire Another Employee

hireStarting your own business is an exhilarating ride that’s full of momentum.In the early stages, it’s easy to take on everything yourself, working nights and weekends to make sure everything gets done the way you want it to. At some point, you’ll inevitably have to face the decision of when to start adding employees to your team.

It’s natural to want to continue doing as much work as you can yourself – but usually by the time you realize you don’t have the time and energy to do it, you’re in pretty deep. Another set of hands can build the momentum that will take your company to the next level. Here are a few tips on making your first hire:

1. Audit your time and tasks

To have a great sense of what your first employee can really add value, you need to understand where your time is spent, what tasks require the most energy, and when and how it’s best to delegate. Auditing your time and responsibilities will help you identify if it’s truly the right time to hire someone for tasks that are taking your attention away from growing your company.

2. Look to the long-term

Take a realistic account of what your next several months will look like as a business. Be honest about your runway and ask yourself tough questions about whether you can manage the expenses of another employee – and at what level. At this stage, consider whether a full-time employee with benefits makes sense, or if you might consider a part-time or contract hire.

3. Find the right person, not the first person

At the end of the day, the most important thing is to hire someone who will help you reach your goals and be a good fit with your personality. Instead of hiring the first person that’s qualified to help, invest the time to find someone that can be a true partner for you. You won’t regret it.

If you want to talk more about your plans to start a business in the Tampa area, contact me!

Image: Heisenberg Media

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