3 Signs it is Time to Hire Your First Employee!

"3 Signs it is Time to Hire Your First Employee!" Weights
June 6, 2017
67 / 100

Small businesses and freelancing are growing more popular with time. With online and social media marketing, it’s easy to set up a business and be your own boss. This is why you see more people turning to entrepreneurship and be all the happier for it.

However, there comes a time when a self-employed individual feels the need to expand their business. Some businesses may have at least one employee from the very beginning, but there are several that have to consider hiring for the first time. Employing another individual requires commitment, risk, and fixed costs.

We’ve rounded up signs that will help you decide whether or not it’s time for you to hire your first employee.

1. Work is Overwhelming

If you’re getting a lot of business, it’s a pity to turn some of it away just because you don’t have the time and energy. Hiring another person could potentially increase your revenue while breathing new life into the system.

Turning away orders or customers doesn’t have to mean that you require extra help. It helps, however, to see just how you feel when you have to turn away clients. If you’re fine with this, then it is okay. If you feel bad, guilty, or worried about losing business, you should seriously consider your first hire.

You’ll have to think about the kind of employee you need for your line of work. If you just have a large temporary project, consider hiring a contractor or a part-time employee. Hiring full time isn’t always the way to go. You can always offer your part-time worker longer hours or a full-time position if things work out.

2. No Time for Research and Development

Even the smallest companies should have some time and budget devoted to research and development. This department is what allows a company to grow outside of its everyday operations. You may have no time to seek out and attract new customers because you’re too busy with the existing ones.

To find out if you need to hire an employee in such a case, make a list of the things you can safely delegate to someone else. Once your mind is free from mundane and simple tasks, you can set challenges for yourself and brainstorm your company to new levels!

3. Decline in Customer Satisfaction

If you are a tiny business and are working for yourself, you probably have a very special relationship with your customers. Customer loyalty is one of the factors that give an edge to small businesses over large ones. Once you get busy, however, you may not have enough time for that personalized service your clients have grown to love. This may lead to customer dissatisfaction and a gradual trickling away of your consumer base.

Before this happens, you may want to free yourself up. Hire an employee who understands the importance of customer service, and set a good example for them. Such an action would also be a potential lifesaver for your company, as unhappy customers can now do some pretty hard damage if they want. With review sites like Yelp and a comments section on every social media platform, you don’t want customers airing their grievances online.

Wrapping Up

When you stay alert to the ins and outs of your work and the market for it, you can easily detect the time for hiring your first employee. As long as you’re able to handle all the costs and can find a suitable person, hiring a new employee is a positive step. If nothing else, every hard worker like yourself should be able to take a break every now and then!


Meet the Author: Jenna Burton

Jenna Burton is an Academic Expert, Researcher and an Academic Writer. She also renders professional academic consultancy services to students who want to buy a dissertation. She is a sport freak and plays all kinds of sports.

Categories

More Posts:

5 Tips for Recruiting Younger Real Estate Agent Candidates

To ensure your agency’s survival, you may need to renew your focus on recruiting professionals that belong to the millennial and Gen Z demographic. To guide you in this task, here are a few helpful tips you may want to follow:

The Power of Women-Owned Small Businesses

     Women-owned small businesses are on the rise, and their impact is undeniable. In fact, in 2019 alone, women-owned nearly 12 million businesses that employed nearly 9 million people and generated over $1.9 trillion in revenue. From retail to technology to finance,...

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

How Entrepreneurs Can Stave Off Burnout

Have you been feeling more stressed and exhausted than normal lately? Everyone experiences burnout at some point in their career, and this is even more common with entrepreneurs due to the many responsibilities that they have. Here are a few ways to stave off burnout...

Strategies and Technology for Female Entrepreneurs

Since entrepreneurship is the foundation of any nation's economy, it is essential to economic development in developed and developing nations. In the last several decades, there has been a significant improvement in the role of women in our society. Women are now...

Role of female entrepreneurs in a changing society

Over the past few decades, there has been a significant increase in female entrepreneurship. More women are choosing to launch their businesses and participate in the world of business creation, one of the rapidly expanding facets of entrepreneurship globally. But in...

Features Every Health Insurance Plan Should Have

When creating a health insurance plan for your employees, you want to be as thoughtful as possible. Not everyone is in the same situation and they need health plans that are flexible and customizable.  There are some features you can add to your plan to make sure your...

How Entrepreneurs Can Feel More Confident in Their Appearance

When you are an entrepreneur, the way you look is a big part of your success, because people will tend to want to help your business if you make a good impression. It can be difficult to like the way you look, but when you put in the effort, you can improve your...

How to Be a Better Mentor to Your Employees

As an employer, you have a lot of responsibilities on your plate that you need to take care of. And while you can get through your work by just handling those basic responsibilities, you can make a bigger impression with your business if you focus on creating an...

How to Create a Vetting Process for Potential Hires

Have you ever been through a lengthy hiring process only to have your new hires turn out to be a bad fit? Finding the right employees can be a frustrating and tedious process, so you want to make sure that you’re handling the process successfully. Here are a few tips...
Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Elements That Should Be Part of Your Company Retreat

Elements That Should Be Part of Your Company Retreat

A company retreat is an excellent opportunity for team-building, learning new skills, and fostering relationships between colleagues. Whether your team is large or small, a well-planned retreat can be an invaluable investment in your company's success. We will explore...

How to Make Employee Health a Priority

How to Make Employee Health a Priority

Prioritizing employee health is crucial for creating a healthy and productive work environment. By investing in the health and wellbeing of your employees, you can improve morale, reduce absenteeism, and build a positive company culture. Here are some tips on how to...

Why You Should Run Your Business on the Latest Technology

Why You Should Run Your Business on the Latest Technology

In today's fast-paced business environment, keeping up with technological advancements is essential for success. Implementing the latest technology can offer numerous benefits, such as improved productivity, enhanced data security, and reduced costs.  Improve...

What are local links and how to earn them

What are local links and how to earn them

What local links are and how they might assist local businesses develop an efficient SEO strategy are covered in this article. Local links allow visitors to learn more about a region and its businesses by connecting websites from the same area that are relevant to one another. They must be pertinent to the neighbourhood and offer valuable resources or information. Content marketing, reviews, sponsored content, social media, and directories are all ways to generate local links.

Ways for Increasing Property Management Lead Generation

Ways for Increasing Property Management Lead Generation

Property management is not a simple job, there are multiple tasks that a property manager should complete for various property investors. Marketing is one of the difficult parts, but it’s crucial. You can only attract tenants to your property and gain income after you have generated leads. Therefore, you should try your best to come up with smart and effective strategies to get your company known.