TMBA 444: When Should I Hire?

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Dan and Ian are back this week to respond to another listener question.

Chris Cage from GreenbellyBar.com recently reached out to us with a problem that many listeners of this show have been struggling with: when is it the right time to hire somebody?

This is a moment in the entrepreneurial journey that every entrepreneur will eventually reach, and it isn’t always easy to make the right decision. Hiring can be expensive, from both a financial perspective and an emotional one.

Fortunately, Dan and Ian have a rich history of hiring experiences, both good and bad. On today’s show, they will be opening up about the mistakes they’ve made, as well as the successes they have had when bringing people on to their team.

Transcript

Listen to this week’s show and learn:

  • The two most common traps that come when hiring your first employees. (5:01)
  • Whether you should hire full-time or part-time. (18:40)
  • Where you can go to hire the right people for your business. (23:52)
  • How to make sure you are hiring the right person. (27:10)
  • Some special bonus content from the TropicalMBA archives. (40:56)

Mentioned in the episode:

This week’s sponsor:

This week’s episode is brought to you by Weebly. Don’t let the lack of a big budget or technology skills get in the way of having not only a beautiful website, but a powerful one. If you’ve got a product idea and you want to share it with the world, check out Weebly.com. As a special offer to listeners of this show, you can visit Weebly.com/TMBA to get 15% off your first purchase.

Enjoyed this podcast? Check out these:

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In the entrepreneurial world, it’s rarely questioned that “exiting” is the end goal of a smartly built business and a prestigious waypoint in a successful career.

In 2015, Dan Andrews and Ian Schoen sold their business for multi-seven figures, and although they don’t regret selling – there are many mistakes they made that were avoidable.

The book presents thought experiments designed to help you avoid similar mistakes.

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Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST. Cheers, Dan & Ian

Published on 06.07.18
  • Much appreciated. Two favorite takeaways:
    1) Hire for “existing cash flow”. Learn the opportunities yourself.
    2) 30-90 trial period. Hire on previous actions done on your platform.
    No need for shame on the plug! Look forward to checking out Dynamite Jobs.

  • Jane Beresford

    Re your photo. Have you joined the Taliban? Should we send help?

  • Haha. Just a hiker bum.

  • cheers man glad you dug it. Let us know if we can help you formulate a job ad and find somebody for your team.

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