Hooray! Your business is thriving, and you have come to a crucial point within the growth of your business that it’s time to consider if you need to create your dream team.
For starters, you may or may not need a dream team. Several successful business owners thrive by being a solopreneur. Therefore, if you are one of the fortunate business owners who can #doallthethings, then more power to you!
If you’re like most entrepreneurs, building your dream team is vital for the continued success of your business. How do you know if it’s time? Quite simply, actually!
When it comes to evaluating if it’s time to hire support for your business, you’ll want to consider these five tell-tale signs:
- You are wasting too much time on administrative tasks.
- You are turning away prospective clients.
- You are turning down valuable opportunities.
- You are working long hours but are not seeing a return on your investment.
- Your health is being impacted by the increase in stress, long workdays, and little sleep.
Related Article: 5 Signs It’s Time to Hire a Virtual Assistant
Now that you are aware of the five signs that indicate it is most definitely time to hire support, let’s discuss how to discern whether or not your business is ready to make the investment.
Pros and Cons
Simply put, evaluate the positive and negative attributes of hiring qualified and professional dream team members to join your team. Determine the benefits, timing, investment, and more before moving forward with the hiring process.
Commitment
When making the decision to hire support for your business, one needs to understand its importance and the overall commitment. Yes, it is a big deal to recruit support for your business as it requires commitment from both parties. Understand that the new employee or independent contractor will require your time and patience to train them too. They will be relying on you for income, growth opportunities, mentorship, and more. Carefully consider the impact hiring others can do in support of your business.
Evaluation
Moreover, once the decision has been made, there’s more work to do on your part long before the applications, phone calls or emails come through from interested people. Determine which tasks can be deleted, delegated, deferred, or completed on your behalf or through the team. This will provide some insight into how many dream team members should be considered for hire.
Start Small
In short, when making the decision to hire one (or more) people to join your dream team, you will want to consider starting small. Look into hiring the least amount of people possible to support your business. You are always able to hire more, if necessary, but start small so that you can make the time to train and mentor your support team one by one.
Investment
This should go without saying; however, it’s crucial to mention given the importance of the topic. Hiring a dream team, even a business with one support person is still an expense to the company. As a business owner, it’s relevant to review the accounting or bookkeeping records so that an informed decision could be made regarding the ability to safely make the investment.
Once you review the five telltale signs that it’s time to hire support for your business and have determined if your business, in particular, is ready, then it’s time to start the hiring process. Take the time to do it right. Hire slowly and fire quickly!
Lastly, you can see bringing on qualified candidates to join your dream team can significantly help your business; however, be sure to review all the information to determine that the decision you made aligns with your business goals and makes sense financially.
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