Be smart… but don’t be afraid. Of what you might ask? Of taking the step that could propel your business to the next level. Deciding to hire a team, or even just one person, can be frightening and stressful.
I remember when it was just me running these blogs of mine. I couldn’t keep up, I was completely overwhelmed and wondered how I would ever get anything accomplished. Seemed like more often than not I wished I could just say the heck with it and go back to Corporate America. But I didn’t, because I knew better.
Don’t be afraid to hire your first person
You don’t have to dive into a full-time W2 employee. Start small with 5-10 hours/week from a VA. Don’t just throw your money at the wall though. Be strategic. Figure out your $10, $100, and $1,000 tasks. Farm out a couple $10 tasks that are important, tasks that generate a return like pinning or sharing on Facebook or helping you write your newsletter. Take it slow at first, remember that you may have to give up something because you’ll be paying something out.
But believe me, you’ll be happy you did.
I remember when I asked my daughter to come work for me. She was working full time and was afraid I wouldn’t be able to sustain her. That was 3 years ago. I figured out how much it would cost me in salary, health insurance, and payroll taxes. I consulted my accountant and looked at my books for the previous 12 months.
Are you ready to hire someone?
Sure I had VAs and contributors before that, but committing to a full-time W-2 employee was a big step. Was I sure I was ready? I thought so.
I ran the numbers, decided what I would cut if it came to it, and I talked to my daughter. She still wasn’t convinced. But I understood. She had a job with Mattel, full benefits, job security. I’m her mom. What if things didn’t work out? How would that affect our relationship?
We talked about it in depth and after doing my homework I was confident I could make it happen. As of January 1, 2020 Kristen has been my full-time employee for 3 years. I now have 2 full time employees and a part time employee plus contractors and contributors.
Can I sustain?
Every time I hire someone, or commit to more hours, or a raise, I get butterflies. I worry, what if revenue drops next quarter? What if something happens with Google.. or Pinterest.. or Facebook? Those are what-ifs that I can’t control. But if you manage your business right, you don’t overspend when things look up, and you plan for your future, you will be absolutely fine. And so will all of those that you depend on.
Be sure to check out our teachings on hiring a team and managing contributors and contractors in the membership area!
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~ Amanda Formaro – Co-Founder, Bloggers Tell All