How to Afford the Help you Need
Strategies to Afford the Help You Need in Business
When it comes to hiring team members one of the biggest questions that comes up is:
“How can I afford the help I need?”
It almost always will feel like a stretch when you are hiring - whether it’s your first VA or an OBM to run your business.
You can look at hiring one of two ways:
As an expense
OR
As an investment
Looking at hiring as an expense
When you look at hiring as an expense all you can see is how much they are costing 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 is the wrong way to look at hiring.
Looking at hiring as an investment
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’?
Because 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 be freed up 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
ORSpend your time on the stuff that grows the business
When we look at hiring this way, it requires that we ask ourselves:
“How does this person coming on board allow ME to continue to grow and expand the business?”
If you are 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 are hiring an OBM or DOO, 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 bring more money into the business.
Here’s the bottom line…
If YOU don’t do your part - focus on activities that will grow the business - then yes, your team members will feel like just an expense because there isn’t any more money coming in the door.
Each and every time you hire someone to free you up to focus on growth, that is an investment in your business and where the magic really happens.
Looking for some help to understand who you should hire, when you should hire, and how much you can afford to pay them, so you can focus on growing your business? That’s exactly what I do!
Meet Kiva Slade - the Founder and CEO of The 516 Collaborative. With a unique background in high-power politics on Capitol Hill and sixteen years as a homeschooling mama, Kiva found her calling in the online business world as a trusted guide for entrepreneurs looking to build the business of their dreams.
Kiva's work began behind the scenes, orchestrating the back end of businesses and managing teams. But her inner data diva couldn't help but notice that small businesses needed help harnessing the power of data for growth. So she and her team set out to uncover and tidy up the data required to enable clients to grow their businesses confidently and easily.