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Three Tips for Successfully Hiring Your First Employee

Part of scaling up your business is getting the help you need, when you need it. For many businesses, there comes a point when the tasks that need to be done outstrip your capacity, but your time and expertise are incredibly valuable. This could be the perfect time to hire an employee or contractor. Here are my top three tips for getting it done:

Know What You Need

First off, when considering hiring or getting a skilled outside contractor to help you with tasks (ie a VA, a copywriter, a bookkeeper, etc.), it’s important to have a clear idea of what help you need from them. Take some time to identify what you want to take off your plate.

There are probably tasks in your business that are not your area of expertise. These tasks take you longer to complete than they would for someone with a higher skill level. These types of tasks are great to hand over to a contractor or an employee with a specific skill set.

There may also be tasks in your business that you are able to do well, and don’t mind doing, but they aren’t directly linked to the value you provide through your business. Tasks like these are also great to pass on to an employee, perhaps even someone who has similar skills to you and is interested in learning more.

Do the Math

Before striking out on your quest for an employee, it’s important to do the math and make sure you can afford the help. Ask yourself:

How much time will it save me to hire?
What else could I be doing with that time and how will this benefit my business?
How much will it cost me?

Hiring someone to help you in your business is an investment, so think about what you’ll gain. Then, weigh that against the cost. If it seems like hiring will ultimately be profitable and beneficial, do it!

Get Help if Needed

Does writing a job description scare you? Are you feeling too overwhelmed with the prospect to the put the time into hiring? It’s ok if you are – there is help. From business resource centers to getting advice from industry colleagues who have hired employees themselves, to finding a firm to help you, there are many different options here. Personally, I’ve enjoyed working with Ashley of Sprout HR, who helped me get clear and also be legally compliant throughout the hiring process. I also worked with my digital content assistant to put together a job announcement, description, and application form.

Another option in this department is considering partnering with other business owners. Sometimes when you need help with your workload, there’s somebody who might be willing to take on some of your clients. The terms of this relationship can be negotiated between you. As long as you have a good working relationship and hear good things about their working reputation, this can be a great way to get help with tasks!

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Don’t Let Impostor Syndrome Fuel Overspending In Your Business

Here are three tips to help you curb overspending or impostor-syndrome-based emotional spending in your business:

Create Financial Clarity

Oftentimes, an unclear financial situation in your business can contribute to your feelings of impostor syndrome. Whether you’re unclear on whether your business is actually profitable or accidentally underpaying yourself, financial murkiness can lead to several issues that leave you feeling “not good enough.”

The antidote to this is to build a restorative money system for your business and make a habit of checking in with your finances regularly. The more you know about your business’s finances and take action to influence them positively, the more confident you’ll feel about your business overall. This tip also has the added bonus of bringing you more awareness around what types of spending decisions you can or can’t currently afford to make, thus curbing the potential for overspending even further.

Take Stock of Your Goals Before Making a Spending Decision

If you want to make spending decisions from a calm and confident place, it’s important to give yourself a chance to step out of the emotions that impostor syndrome might bring up. This means checking in with your goals for your business and your values for your life. Ask yourself, “Will this investment bring more of what I want for my life and my business?”.

Sometimes your main interest in making an investment can be traced back to simply feeling “not good enough.” Reconnecting with your goals and vision for your business can help you release this mindset and instead consider whether a particular spending decision fits well into your overall business plan.

Weigh the Costs and Benefits

I encourage my clients to consider the question, “Will this investment help me make more money?” This is a question that can often easily be answered with some math. I highly recommend reading my article “How Much Should You Invest in Your Business?” which goes into detail on how to weigh the costs and benefits of purchasing equipment or supplies, hiring an employee, and getting coaching or further training.

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