If you’re running your own business then the likelihood is that you have considered hiring members at staff at some point during your journey. Whether you were feeling as though you’re struggling with your workload or you just didn’t have the expertise to complete the task at hand, hiring yourself a team of people is definitely a good step to be taking as an entrepreneur. Even if it is a precautionary step and you don’t think it is quite within your budget, you’re definitely on the right track.
For some giving up some of the control and responsibilities they have within their business can be hard, and that’s completely understandable. You will have worked hard for years in order to get to where you are now and so far, you will have done it without any help. Whilst it is a hard thing to come to terms with, hiring a member of staff or a team to help you does not mean you have failed as a business owner – in fact, it’s quite the opposite. With that in mind, here is a guide as to why you should hire a team as an entrepreneur…
Reasons To Hire Staff Within Your Business
– They Can Take Workload Off Of You
One of the most common reasons to hire a team of people within your business is that they can take some of the workloads off of you. As an entrepreneur, you are likely to be thinking about your business, all of the time. Whilst you may like it that way, imagine how good it feels to know that you’re not able to leave certain aspects of your business in the capable hands of your team members. Not only will it improve your work-life balance, but it will also free up the amount of time your spending on repetitive tasks.
– They Can Bring In Skills You Don’t Have
A great reason to hire a team of people within your business is that they can bring in skills that you don’t have. Although you may like to think that you have skills in all of the areas needed to run your own business, in reality, that is just not the case. You may have incredible skills when it comes to your niche and the products you sell, but as a result, this means you may not have the skills needed when it comes to marketing or accountancy.
If you find that you have a specific skills gap when it comes to running your business, this is when you may want to consider hiring someone to come in and help fill it. Whether it’s outsourcing your social media work to an expert or having a passionate content writer curate all of your beautifully-worded content – you will be amazed at the difference it can make to your business. After a while, you’ll start to wonder what else you can outsource in order to grow your business. You can visit this website for a guide to outsourcing within your business.
– They Can Bring New Ideas To The Table
As your team starts to grow and they start to become familiar with the business you’re running, they will start to become more confident when it comes to offering more ideas. It is always said that when you’re hiring members of your team you should recruit people that are better than you in a particular area, so it may be that they are able to suggest things that you may not have thought of before. If you want to encourage this within your business, it’s recommended you have team meetings at least once a month. Not only will this allow people to bring their new ideas to the table, but it’s a great way for you all to stay connected – especially if you’re all remote workers.
– You Have More Time To Work ON Your Business Not IN It
One of the most important things you can do for your business is ensuring you’re spending more time working ON your business rather than IN it. What this effectively means is that rather than doing small jobs that you need to do in order for your business to operate, you are instead focussing on the things that help your business grow. Whilst the small admin jobs are necessary, it’s not important that they are done by you. Hiring someone to complete the jobs that can easily be outsourced will give you all the time you need to work ON your business. You’ll be surprised how much difference it can make.
You can visit this website for more information about working on your business.
– Hiring A Team Is An Investment
Although a lot of people feel as though hiring members of staff is an incredibly expensive thing to do, it can actually be really affordable. The best way to look at it is to consider how much work you need doing and the maximum amount you will be willing to pay. Once you have this figure in mind, you can start to look for someone that may be suitable.
It may be that you need someone to come on board full-time, in which case you will need to pay them a salary. If that is the case, you will need to look at your overall earnings each year and decide whether or not you can afford a full salary and how much your earning potential could grow should you bring them on board. Ideally, having a member of full-time staff should increase your income enough to be able to pay them their wage.
If you’re hiring someone on a part-time basis or using freelancers to carry out certain tasks, it’s more likely that you’re going to pay people by the hour. If that’s the case, you can get 10-20 hours of work a month at an incredibly affordable rate, freeing up as many as 20 hours of your own time each month. Whilst that may seem like a small amount, it’s amazing what you can achieve in that amount of time. If you’re working with someone on this basis, you need to be sure you can easily calculate their working hours. For more information, you can visit this site here: https://getsling.com/blog/calculate-work-hours/.
If you want to save on costs, even more, there are lots of sites like Upwork, Fiver and People Per Hour that will allow you to hire freelancers and contractors for a much lower price than you may be able to elsewhere. You can set your price, and they’ll come to you with a pitch.
– Your Business Can Continue To Run Should You Need A Day Off
When working as an entrepreneur on your own, you will have probably experienced a lot of difficulties when it comes to taking time off. Not only is it hard to pull away from your emails, but you will probably find that no matter when you try to take time away from the business, something urgent will come up. Whether it’s a client with a last-minute deadline or an emergency with one of your products, you’re the only person that can resolve it. If you have team members, however, you will find that taking a day out from your business is much easier, and something you can do more often. Whether it’s taking the day to spend with your family or going on vacation, having the freedom to do what you want knowing that your business will continue to run without you can be liberating.
“team work makes the dream work!”