how to afford the help you need
It almost always will feel like a stretch when hiring.
You can look at hiring in one of two ways: As an expense OR as an investment.
When it comes to hiring team members, the biggest question that comes up is, “How can I afford the help I need?”
It almost always will feel like a stretch when hiring, whether it’s your first VA or an Operations Manager to run your business.
You can look at hiring one of two ways:
- As an expense
- As an investment
When you look at hiring as an expense, all you can see is how much we cost you. All you can see is the amount of money that is now going out the door each month, and every time you delegate or bring a new person on board, it feels like you are losing money.
This mentality is the wrong way to look at hiring.
Instead, we want to look at hiring as an investment. We want to look at it through the lens of ‘how does this team member bring more money into the business?’
Every single person on your team should be allowing the business to make more money.
To be clear, this does NOT mean that every person on your team will be directly bringing clients in the door unless you are hiring them in a sales or marketing role.
It means that each person on the team allows YOU to free up your time to do the things that grow the business.
As the CEO of your company, you have a choice. You can either:
- Spend your time on the backend, day to day stuff that runs the business OR
- Spend your time on the tasks that grow the business
When we look at hiring this way, we need to ask ourselves:
“How does this person coming on board allow ME to continue to grow and expand the business?”
If you’re hiring your first VA, they will be able to get you out of the weeds and take those day-to-day admin tasks off your plate.
If you’re hiring an Operations Manager, they will be able to create plans, drive projects and work with the team to make sure stuff is getting done.
This is when hiring becomes an investment, as it gives you back your TIME to focus on the things that truly do bring more money into the business.
Here’s the bottom line…
If YOU don’t do your part and focus on activities that will grow the business, then yes, your team members will feel like an expense because there isn’t any more money coming in the door.
Every time you hire someone to free up your time to focus on growth, that is an investment in your business and where the magic happens.