If your business is growing steadily, resulting in you having more work than you can handle, congratulations! As many companies struggle to continually turn a profit and stay afloat, this is an excellent problem to have. But if you find yourself spending long hours on small tasks rather than on big-picture projects where your skills and expertise are truly needed, it may be time to hire support. Here's what you need to know before you do.
Your Time is Worth Something
As a business owner or executive, your performance is key to making sure the organization you work for is successful. It's difficult to accomplish the tasks that only you are qualified to do if your time is consumed by administrative and other duties that could be delegated to someone else. The idea of letting another person handle different responsibilities such as payroll, responding to emails, and scheduling appointments, may seem daunting. However, by giving employee permission to manage these duties so you don't have to, you will be gifted with the luxury of time. More free time for you means an opportunity to do your job more proficiently, turn more profits, and take your business to the next level.
Consider the Facts
Ask any business owner who has gone through the process of hiring employees and they'll tell you that timing is critical when it comes to bringing in the right support. Before you take on an assistant, office manager, or other team members, ask yourself these questions:
Will this employee help generate profits? This will depend on what industry you are in, what their role will specifically entail, and what your expected profits will be both short and long term. Ultimately, you only want to hire someone who will be an investment to you, meaning they bring in more money than you pay them.
Will this employee save you time? If your days are filled with long hours of routine work or are hectic and disorganized, chances are, bringing in someone new to help manage the chaos will benefit you. Allowing an assistant to do menial tasks gives you more time to sell your brand. Who can put a price tag on that?
Will this employee make your job easier? Even if you have your administrative tasks under control, choosing to hire support could make your job easier. Reflect on what could assist you in doing your job better. Perhaps it's having someone sit in meetings and take notes for you or filter through calls and emails so that you only personally respond to the most critical ones. Anything that allows you to be more productive is worth a second thought.
What Are the Costs of Not Hiring Help?
While there are many compelling reasons to hire support, the most important factor to consider when questioning whether it is the right time to expand your business is what will it cost you if you don't? If you're hung up on relinquishing control of duties that you have performed yourself for years or are unsure of whether your small business can afford to hire an additional person, reflect on what you might lose if you continue doing things the same way forever. Sometimes you have to take a risk to gain more business and grow. If you know help would benefit you, take a leap and hire someone. If you don't, your competitors surely will.
Finding the Right Fit
Once you determine that hiring an additional team member would encourage your business to grow, finding the right person to meet your needs is essential. If you are searching for a recruiter for Executive Assistants, Office Managers, Chief of Staff, or any other employee, The Hire Standard is here to help you with all of your recruiting needs in the San Francisco bay area and beyond. We pride ourselves on finding the best talent available in an array of industries to ensure that you are paired with your perfect fit the first time.
We know your type. You don’t compromise on quality. That’s why you’re here. Finding the right contributor is key in driving your business and goals forward. We help build teams that soar, not sink. We’re better + faster, together. Let’s do this.