Time to HireKnowing when it's
words of wisdom from iStaffwise
Being really busy is a signof doing well, as it usually
means business is thriving.
And when 12 hour dayshappens you do it withouta second thought
because you knowit’s worth it.
And when 12 hour dayshappens you do it withouta second thought
But being toobusy for too
long can be aproblem.
Without proper sleep or a clearmind,
Without proper sleep or a clearmind,
things willinevitablystart to fallthrough thecracks.
If you findthat you andyour currentemployeesare workingabove andbeyondcapacity,
If you findthat you andyour currentemployeesare workingabove andbeyondcapacity,
yet have anever ending
list of work toget done and
can no longerkeep up,
it may be time tobring in some
more staff.
Before anythingthough,
Before anythingthough,
make sure you understand all thedifferent costs of hiring someone new,
Before anythingthough,
make sure you understand all thedifferent costs of hiring someone new,
besides just theircompensation.
Once you figure out how much that will cost,
there are three basicthings you need to
consider beforehiring more staff:
1Will a newemployeeincreaseyouroverallrevenue?
A new employee shouldbring in revenue by:
A new employee shouldbring in revenue by:
selling more of your product(s),
making it easier for you to deliver whatyou sell,
or even by creating a greater demand for your goods and /or services.
You could even hiresomeone to take overyour administrativeduties,
You could even hiresomeone to take overyour administrativeduties,
giving youmore time to
concentrate onwhat you love.
Will theincrease be
enough tolower the
expenses thatyou already
have?
2
This isn't as important asbringing in new revenue,
This isn't as important asbringing in new revenue,
but it is still a bigfactor to consider.
Of course simplyhiring someonemeans you have
more costs.
But the goal isto figure outhow adding aworker canreduceexpenseselsewhere,
But the goal isto figure outhow adding aworker canreduceexpenseselsewhere,
enough soto even
out yourbudget.
3Will a new
employee loweryour work load?
Having a reducedworkload willgive you more
time toconcentrate on
what isimportant and
only do the workthat you do best.
For the things that you are notgood at or do not like to do,
For the things that you are notgood at or do not like to do,
hire someone who specializesin those tasks.
Hiring or not is a big decision, but it is something youhave to do if you want your business to keep thriving.
If you have any questions or need morebusiness advice, visit us online today at
www.iStaffWise.com