Comments on: Are You Really Ready To Grow Your Company? http://www.youngentrepreneur.com/blog/uncategorized-blog/are-you-ready-to-grow-your-company/ A website dedicated to reporting about young entrepreneurs and startups. Find inspiring stories about the next generation of entrepreneurs, as well as tips for how to start up, improve and grow. Tue, 22 May 2012 23:09:56 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Computer Consulting Kit Preview Blog http://www.youngentrepreneur.com/blog/uncategorized-blog/are-you-ready-to-grow-your-company/#comment-807 Computer Consulting Kit Preview Blog Fri, 02 Nov 2007 18:08:30 +0000 http://www.youngentrepreneur.com/blog/?p=247#comment-807 Delegation is something that can be very challenging for people starting their own businesses – especially when they get accustomed to doing everything themselves because they start with a one-man operation – even when the time is right to be able to afford to hire other people to fulfill different functions. I offer advice to many entrepreneurs in the small business computer consulting arena, and that is always a big question on their minds – “When can I hire additional staff?” Frequently, on the flip side, I find that these people sometimes tend to hire additional help too soon, not factoring in the actual costs of subcontractors or full-time employees and driving their businesses into the ground. I think the real challenge is definitely knowing when you are ready to get the help and then being able to actually rely on the people you hire. The key is usually establishing a very clear business plan and writing it down on paper from Day 1 and revisiting it regularly, revising when necessary but really sticking to it and following it through in steps. Delegation is something that can be very challenging for people starting their own businesses – especially when they get accustomed to doing everything themselves because they start with a one-man operation – even when the time is right to be able to afford to hire other people to fulfill different functions. I offer advice to many entrepreneurs in the small business computer consulting arena, and that is always a big question on their minds – “When can I hire additional staff?” Frequently, on the flip side, I find that these people sometimes tend to hire additional help too soon, not factoring in the actual costs of subcontractors or full-time employees and driving their businesses into the ground. I think the real challenge is definitely knowing when you are ready to get the help and then being able to actually rely on the people you hire. The key is usually establishing a very clear business plan and writing it down on paper from Day 1 and revisiting it regularly, revising when necessary but really sticking to it and following it through in steps.

]]> By: Josh http://www.youngentrepreneur.com/blog/uncategorized-blog/are-you-ready-to-grow-your-company/#comment-808 Josh Fri, 02 Nov 2007 15:23:49 +0000 http://www.youngentrepreneur.com/blog/?p=247#comment-808 I agree with your post above, you need to delegate functions to your employees and stop giving them tasks. You can't work efficiently if you are constantly looking over the shoulders of your employees. However, not all employees are able to handle this responsibility. In an ideal world, you would be able to delegate everything to your best and brightest people, but some people work better being managed. That's why I think it is critical for small start-ups to hire people who are just as entrepreneurial as they are. You need your employees to have the entrepreneurial spirit and know right off the bat that they are going to need to succeed independently. As your company grows and you need to hire more people, you will realize not enough of these entrepreneurial type employees exist with the skills you need and you will need to hire good talent that needs to be managed. At that point though, you can have a management structure in place, so that as the leader of the company, you aren't wasting your time managing subordinates. I agree with your post above, you need to delegate functions to your employees and stop giving them tasks. You can’t work efficiently if you are constantly looking over the shoulders of your employees.

However, not all employees are able to handle this responsibility. In an ideal world, you would be able to delegate everything to your best and brightest people, but some people work better being managed. That’s why I think it is critical for small start-ups to hire people who are just as entrepreneurial as they are. You need your employees to have the entrepreneurial spirit and know right off the bat that they are going to need to succeed independently.

As your company grows and you need to hire more people, you will realize not enough of these entrepreneurial type employees exist with the skills you need and you will need to hire good talent that needs to be managed. At that point though, you can have a management structure in place, so that as the leader of the company, you aren’t wasting your time managing subordinates.

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