As a small business owner, you may hesitate and get nervous when you think about bringing on your first hire. You start to think, “The work isn’t that hard. I’ll keep doing this myself” or “I don’t even have time to think about what I need let alone hire someone!” That’s what this episode is all about.
When you’re preparing to scale your business, you are fully aware that you can’t keep doing everything yourself, but the idea of hiring and training someone else feels overwhelming. In this episode, I walk you through five steps to consider as you prepare for your first hire.
If you are in the pre-scaling phase, this is the perfect time to join the A-Team. In the A-Team, you’ll get the support you need to get the back end of your business in shape so that you can scale effectively.
The Two Sides to Every Business
- The front side includes acquiring leads, making sales, bringing in revenue. This side revolves around your passion.
- The back side includes the pieces required to support the front end of your business, e.g. how to get leads, how to market, who to hire, technical aspects, administration, systems, automation.
“You can’t do all the things by yourself hence why scaling through people is a thing.”
Five Steps to Consider to Prepare for Your First Hire
1. Get your finances in order.
Review your profit-and-loss statement. This allows you to see your profit margin, how much you can spend on your team, and what impact a new hire will have on your own finances. Before you hire, pull 10% from your profit and put that money into a savings account.
2. Identify what you need help with.
You most likely want help with entry-level, administrative tasks. Get a grasp on how long it takes to get those items done by downloading my free Task + Time Tracker.
“Have clarity on what you want the role to perform.”
3. Define your company’s mission vision and values.
“It’s best to join forces with people who resonate with your vision and have complementary values.”
Small business is small, you want someone who understands you, your heart, your mission. They don’t have to think like you, but they need to get a glimpse of you ahead of time so they can say yes or no. You’re not just hiring for a role, you’re hiring an extension of you and your brand.
4. Consider your standard operating procedures.
Capture and document how you’re working your processes. Identify the tasks then take time to record on Loom how you work through each task.
5. Set aside time to train your new hire.
Yes, you’ve recorded how to do certain tasks, but nothing beats face-to-face time with your new hire. Build time into your schedule to build a relationship with your new hire. You won’t regret it!
Weekly Ops Activity
Review your finances and see if it’s possible to begin saving 10% of your bottom line (profit) for your future hire. And of course, join me at theopsinsiders.com where you can join our private community and we will continue the conversation.
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