How do I know when it’s the right time to hire someone?

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In an ideal world, what would be in place when you’re ready to hire?

  1. I’d want to have systems in place. I’d want to make sure that I had repeatable steps for my new hire to follow. They shouldn’t have much to figure out in their first week of work. (Go check out the E-Myth revisited book if you haven’t already. It’s a game changer.)
  2. I’m working at MAX capacity and I’m doing too much work IN my business that I’m not working ON my business. When’s the last time I’ve had the ability to work out my strategy for the next 6 months, or reach out to a new client, or reassess my goals, or take a day off, or try to flush out my core values. If I haven’t had a chance to look back and think about those things, it’s time to bring in some help.
  3. I’d be clear on how to set SMART-ER goals. Google that. SMART goals. You’ll thank me. Trust me.6 months worth of salary set aside if this new hire will not be working in a profit center and 3 months of salary saved if they will produce revenue.

Just please, please, please avoid the number one mistake I see most new managers make. Don’t set out to hire a clone of yourself. If you’re bringing in people into your company that are exactly like you, you’ll never grow. You have to be clear on what your strengths and weaknesses are first and then hire in someone that compliments you. If you’re weak in marketing, find someone that isn’t.

Remember Captain Planet? WITH OUR POWERS COMBINED!!!

I hope that helps those of you that are wondering if now is the right time. I always lean towards hiring someone if you’re starting to think about it. If it doesn’t work out, it will still be a great lesson. Just be sure to hire slow and fire fast.

I answered this question and more in this live Q&A I did: https://www.hrcoaching.com/sbh3/

Join me for the next live Q&A Thursday at 1pm ET at http://www.hiringlivestream.com

All the best!
-Brad

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