When the time comes to invest back into your business, one the biggest steps you will take as a small business is hiring your first employee. Where many small business owners’ lose sight of this important consideration is the true value and long-term value this course of action can have on their business.
Yes, hiring your first employee will increase your weekly or monthly cost because now you have more responsibilities and commitments to your employee. You are now on the hook to pay another person a salary weekly, bi-weekly or monthly despite the success of the business. Hiring support opens doors and many new opportunities for growth.
How would you identify the area of growth for your business? Can it be in having more time to meet potential clients? Or support in product development? Or would it be related to customer service engagement? The answer to these questions will depend on the current organizational structure of your small business. In the interviewing process it is very important to not focus solely on the current position you’re filling. Ask your candidates about their long-term career goals and what they hope to achieve by joining your business.
Once you’ve decided on the ideal person to hire, it then becomes necessary for you to support them in their personal development. Your connection in this process is meaningful and effective in motivating employees. This is what employees want, leaders who support as well as being able to see clearly how their efforts feed into the business mission and goals.
Before hiring your employee, create your business plan for success. Your next steps toward success will highly depend on the phase of your business. Once you have written down your plan with actionable items by month, it's time to get ready to grow.
Go now, and download your FREE new hire checklist that also includes new hire interview questions to support in your endeavors of hiring the ideal employee for you and your business.
Fontenot Solutions offers immediate support with creation of employee tools and techniques, email firstname.lastname@example.org.
My mission is to offer the best accounting and operations solutions and tips for entrepreneurs and small to mid-size companies worldwide seeking to close their process gaps with actual solutions.