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Outsourcing and Hiring
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Growing a business is exciting, but before you get too excited and make your first hire, it’s important to evaluate your revenue status and client flow:
Am I really making a profit in the business (after taking home an income)?
Is the flow of clients consistent and reliable enough to cover additional overhead costs?
Will the rate I’m charging for my services cover costs of outsourcing?
In today’s episode, Ben and Deb have a conversation about knowing when and how to use outsourcing services. The expansion of a business can be quite exciting, but if you take on too many responsibilities, you risk becoming burned out.
In the early stages of any business, the most essential component is the amount of revenue being brought in through the door. Although hard to believe, it’s highly likely you could make even more money and gain efficiency if you outsourced the work. The trick is to do it strategically.
In this episode, listen for:
[1:52] It’s important to know you can’t do everything by yourself for the long-haul
[23:02] How hiring a business consultant has helped Ben & Deb’s business
[25:05] When done well, bringing on a team is often a catalyst to business growth and you end up wearing fewer hats
You put all you have into your business, so it makes perfect sense for you to do everything to ensure its continued success. Even while getting the business off the ground and operating is of the utmost importance, there will come a time when you’ll have to let go of some of the more tedious tasks you either don’t want to do, no longer have time for, or don’t have the skillset for.
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