When is it time to add employees?

**Alberttomei** · 01-24-2010 05:49 PM

I'm the only employee in my company. I've had positive cash flow for a year and I'm out of balance with my family, church, household chores, etc. I'm trying to figure out what are good ways to get other people involved. Hiring someone new is too much right now. I just need to be able to begin delegating some basic tasks to someone else.

Any ideas?

**Alexishost** · 01-24-2010 08:43 PM

The solution for you can do next is

Write some job description that fit your need.

And how much you are willing to pay the fee for it.

**TIM_S_JR** · 01-24-2010 09:47 PM

Do something like contract labor and pay just for the work that is being done. I have a problem with paying for hourly because it seems like they can always get stuff done faster. If your worried about the money i think that would be the way to go.

**SteveG** · 01-25-2010 05:05 PM

I used to look at it this way. Cleaning the warehose was worth $10.00 per hour. Making entries in my journal was worth about $10.00 ph. Guarding the telephone was worth $10.00 per hour but could cost me a lot more if I missed a call. Picking up parts and errands $10,00 per hour. Making sales calls $100.00 per hour. If I was paying myself $10.00 per hour when I could be paying myself $100.00 per hour the answer came easy. Spending 8 hours kicking back and dreaming up a good marketing campaign might yield several thousand dollars profit. In other words don't be dollar wise and penny foolish. ( something like that? ) Steve

**rogercbryan** · 01-25-2010 07:33 PM

Why are you thinking about employees? Do you need them or are you trying to spend more time with your family? Will adding an employee create more income? That is the most basic part of the question. If you are looking at the cost instead of potential income then you probably aren't ready for an employee yet.

**SteveG** · 01-26-2010 11:06 AM

One big mistake I made was hiring account managers. As I got too busy I would hire an account manager and turn some of my accounts over to them to run. Giving me time to generate new accounts. I would try to give them just enough accounts to supply them with a decent income hoping they would want more and generate some of their own. It seemd the opposite, they would gradually blow off the accounts I had established and then end up quitting because they were not earning enough. Steve

**MandyHarveyMusic** · 01-27-2010 12:07 AM

When the returns justify it -- you don't just want to have employees to boost your ego. I see that sometimes in small start-ups.

**Scar Tissue** · 02-07-2010 08:07 PM

You have to estimate how much the employee's salary and benefits will drain your business's budget and how much extra money the employee's presence will bring in.

**beeezo** · 02-16-2010 12:14 PM

Great question.... I say add an employee as soon as you feel you can generate enough work, consistently to add some one to pay roll. I suggest starting with a part-timer

**GlobalWealth** · 02-28-2010 10:04 AM

Can you hire a personal assistant to take away some of your 'busy work'? You can outsource this to many firms and there are several that are quite good and very cheap. Do some google searches for this, but maybe this will help you with your time situation without costing too much money.

**businessbrokers** · 05-12-2010 02:14 AM

I think you should make a plan considering these points:

Are you having enough work to give your employee?
Your net income.
What amount you are willing to pay you employee?
will it be beneficial to hire an employee for your work?

If your criteria of profit, income and work to be done is fulfilling then and only then you should hire a person for your company....

**Stefanhunter** · 05-12-2010 09:56 AM

You could even try your friends! They will probably be delighted to help you out, doing it this way always makes it easier to tell them what to do!

**lordspace** · 05-12-2010 10:11 AM

I can't remember the book name but I remember that the author discussed that if you make an extra 10k then you could afford a 2.5k / month employee.
I don't have my business yet but I think the answer of your question would be that it depends on what you need to outsource.

I'd keep as much cash in the bank as possible (and re-invest it) just in case. Who knows how long will the crunch last ...

How about getting some volunteers ?

**evanhicks** · 05-18-2010 07:02 AM

Friends can be a great help and support.

**PennyBartlow** · 05-20-2010 03:42 PM

There are many ways to leverage yourself without having to hire employees. Have you considered interns, outsourcing, using subcontractors, getting a virtual assistant, utilizing technology to automate common tasks? Have you done an evaluation of how you spend your time based on the 80/20 rule? Often times we can eliminate a lot of unnecessary tasks when we focus in on the 20% of our efforts that create 80% of our results.

To Your Success!
Penny Bartlow

WEALTH MINDSET REPORT
http://tiny.cc/6sk7b