Taking my business to the next level with newfound money

[entrepreneursrock2]

I recently inherited a fairly large amount of money and I would like to use a portion of it to take my business to the next level. I could spend several $100k if necessary. Here is some background on my business:

It's online retail and I've been at it for nearly 10 years. I built it completely on my own and these days I have one employee who does customer service, orders inventory, and deals with miscellaneous stuff, and another employee who handles all shipping and receiving in the warehouse. I make about $4k/month. After this much time I should really be making more money, but I've always done everything myself which has slowed things down but also given me a deep understanding of every aspect of the business.

I think what I need to do is hire at least a few people for programming and creative data entry. I think this should have been done long ago but I never had the funds and I've had a difficult time giving up control of any aspect of the business. Those problems no longer exist and I'm ready to move forward.

The first problem I need to tackle is where to hire my new employees. The area where I live has an extremely small and unskilled pool of potential employees, and yet my wife and I love it here and we can't bring ourselves to move away. Should we hire people to work from home? Should we set up an office in an urban area and hire a manager to run it? Should we hire people to come here and work on contract?

I haven't dealt with these issues before and I'd love to get your advice on how to proceed.

[iPowerCoach]

Hi entrepreneursrock2.

Phil here. Welcome to the forum.

It sounds to me like you're at a bit of a crossroads, and I'd love to help out. I am an online business coach and I help people like you achieve their business goals and create their dream lifestyles.

I would be more than happy to take a look at your business with you during a free coaching session (free for you because I met you here; my regular fee is $97 for a 45-minute intro session).

Here is my website's contact page:

www.iPowerCoaching.com/contact

Feel free to browse around and find out a little more about me. I am fascinated with business and love to get people results

So, if you're up for a free session, just go to that page, enter your contact info and send. I'll follow up with you to schedule your free Business Breakthrough session in which we will:

1. Discover the ideal lifestyle for you and your wife and how your business can create it for you
2. Uncover hidden challenges that might have been in the way all along
3. Find a way for you to keep your newly-found money so that you don't make a bunch of mistakes that are so common in your situation
4. Come up with a step-by-step strategy to get you the desired outcome

Great to have you here,

Phil

[RockwellCorp]

Hello

My family has own a trash company for 40+ years and I know the ends and outs of business through hands-on experience. I would love to help you. PM me with more details about you business. Thanks

~Christopher Rockwell