Hiring Your First Employee

At some point in your business, you’ll be faced with the realization that you can’t possibly get everything done that needs doing. Or you’ll realized you’re doing things you aren’t good at; if someone more qualified did those things your business would run more efficiently. It will be time for you to hire your first employee.

Since this is a big decision, consider the following before taking the plunge:

1. Make a list of tasks that you’re doing that you’d either not like to do or that you’re not good at doing.

2. Identify the talent necessary to accomplish that list of tasks.

3. Identify ways the employee can generate cash flow, either directly or indirectly.

4. Do a cash flow analysis to determine the feasibility of adding overhead.

5. Decide what you could be doing if you had help, that would make you more productive.

6. Do your due diligence in choosing your first employee.

7. Consider your culture and refer to your core values in order to choose someone who can align with them.

8. Hire someone promotable.

9. Don’t overextend by paying too much; don’t pay too little and get less talent.

10. Relax. This is growth!

Hiring your first employee is a turning point in your business. Trust your instincts, and be patient. Don’t compromise your expectations – think big!

Coach Charrise