TMBA 247: How Do You Know When It’s Time to Hire?

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We’re back this week, answering a bunch of listener questions about when it’s the right time to expand your business and hire some new employees. We’ll talk about why there’s no magic bullet for getting through the hiring process. It’s different for everyone, but there are ways to know when it’s time to step up and start bringing in some help.

Listen to this week’s show and learn:

  • Why patience is a virtue when starting a new business.
  • What percentage of your profitability you should be spending on staff.
  • How to use SOPs and SODs as a means of “shedding your skin”.
  • The two ways you can get out of the predicament of understaffing.
  • Some of our favorite entrepreneurial hot spots around the world today.

People on this episode:

Mentioned in the episode:

"Low Flying Airplane or Weird Roof?"

“Low Flying Airplane or Weird Roof?”

Listening options:

Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

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Published on 06.05.14

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