I frequently hire employees before I feel ready. In fact, I often hire new employees not being fully sure if I can pay them. This is why I usually go for a part-time route. If something bad happens, I can decrease hours or pause the contract but not terminate it.
However, that rarely happens, even when I don’t feel ready upon the hire.
The truth is that you will never feel ready to hire your first few employees. As you hire more employees and generate more income, you may feel ready to add several employees to your team at once.
So why do I recommend hiring employees before you feel fully ready? You’ll learn why in this blog post.
This Is An Important Skill
Building your team is vital to your success. Learning how to hire the right employees will allow you to make better decisions in the future. You need to practice making these types of decisions now so you can make the right decisions when you’re ready to significantly expand.
Every successful entrepreneurs reaches the point of massive delegation. There are many tasks that are necessary for the company’s survival but not for the CEO’s to-do list. Delegating tasks within your business will help you advance to the next level.
Another Reason To Make More Revenue
If you want to achieve something, give yourself as many reasons as possible to achieve it. If you add more people to your team, you have two new reasons:
- Make more money so you can pay for the new employees
- Make more money so you can help your employees pay for their living expenses
I don’t take any hiring or firing lightly. It’s a big moment when you realize that you are someone’s primary source of income. You want to perform better so your team can pay for their food, homes, and other essentials.
I almost always make more revenue when I hire someone because of the extra time and boosted impact of my success on others.
More Time To Generate More Income
Hiring an employee to take on various responsibilities within my brand gives me more time to pursue the most profitable activities. I can also explore new opportunities that I wouldn’t have had the time to pursue.
Without delegation, I would have never started the Breakthrough Success Podcast or hosted two virtual summits which each had over 50 speakers. Delegation makes more possible, and when you explore other areas, you find tasks within those areas that you’ll soon need to delegate.
Better Life-Balance Possibilities
While it’s not my style, if I needed to, I could outwork almost anyone. I’d strategically split my exercising routine to several 5-10 minute bursts instead of running for at least an hour.
My preferred style is to strike an overall balance. On some days, my only break is going out for a run. On other days, I literally do zero work. Last year, I took a two week vacation that actually felt like a two week vacation. I did virtually zero work during the day.
All I did was interact with my social media audience and schedule some prewritten emails for an affiliate launch. For two weeks.
I’d be very bored if I only had to work four hours each week, but I want that luxury for moments when I want to use it.
I work hard and play hard, and delegation allows me to capture the best of both worlds. I know that I have to continue putting in the effort to keep this lifestyle going, and this desired lifestyle motivates me to work harder when I’m working.
Expand Your Thinking
People spend so little time expanding their thinking. I’m not expanding my thinking as I write this blog post. I am thinking of specific words, sentences, and ideas that will add value to this blog post. I’m not thinking about my Instagram strategy right now. It’s something I want to address, but I can’t right now.
That’s because I’m writing this blog post.
That same example holds for virtually any activity. You can’t think about X when you’re doing Y. It just doesn’t work that way. If you attempt it, you’ll produce mediocre work on Y and have a clouded mind about X.
In order to expand your thinking, truly freely, you need to pause everything you are doing. No interaction or active task. Just you, pieces of paper, and a trustworthy pen or pencil. That’s what you need to expand your thinking. When all of those opportunities present themselves at once, I can plan out my Instagram strategy.
Most people never reach that moment because of all of the tasks they need to do. There’s always something.
You can always schedule social media posts. You can always optimize the ad. You can always write another blog post.
There comes a time for doing, but there’s also a time for expanding your thinking. I’ll have some workweeks that seem like they’re only four hours. However, I’ll spend much more than four hours of those weeks thinking and contemplating my next moves.
I go as far as to have a Think Day every once in a while. I literally do nothing for my brand but think of ways I can advance it the next time I’m working. I look at opportunities I wouldn’t have even considered in the hustle and bustle of today’s world.
It’s great to hustle, but you need to occasionally remove yourself from the hustle to take a satellite view of everything you’re doing. With that satellite view, you can see what you’re doing right, what needs to be improved or eliminated, and what opportunities you need to explore next.
In the short-term, hiring an employee will take up your time. You need to find the right person and filter out the wrong fits. Even when you find the right person, you need to train that individual.
You can’t assume that the employee will flawlessly perform the task. You’ll need to frequently communicate, especially in the beginning. Only after this process will you see the long-term benefit.
You’ll have more time to pursue more important areas in your brand. You’ll have a better work-life balance.
The most successful people are long-term thinkers. It’s why Amazon is so successful. While it’s easy to look at their success and think they were always like that, it actually took several years before Amazon even broke even.
Anytime it looked like Amazon would finally break even, Jeff Bezos decided to invest for the long-term and continuously sacrifice the short-term. That’s why Amazon may become the first trillion dollar company.
You may not report a net loss of $39 million. However, you can learn from the most successful entrepreneur right now.
Making the move towards delegation is an example of long-term thinking. There may be some bumps, but hiring employees will open up more time and boost effectiveness.
For instance, I had no idea how to optimize Amazon Ads. That’s why I entrusted a service to help me create and optimize Amazon Ads for one of my books.
What are your thoughts about hiring employees? Do you have any tips for us? Do you have a question for me? Sound off in the comments section below.