Many small businesses start out as single-person operations — the owner does everything and is content to keep it that way. But then, for one reason or another, business begins to pick up and all of a sudden that manageable little enterprise you opened a year ago isn’t so easy to handle on your own anymore. You need help, but what kind and how much? Can you afford to grow your business right now? And more to the point, do you even want to?
Here are some pros and cons to consider as you answer these questions and more:
1 - Be sure this is what you really want to do
To succeed in business, you must make cash flow your No. 1 priority. A positive cash flow is a sign that your liquid assets — cash or anything readily convertible to cash — are rising and your business is growing.
2 - Take stock of your actual needs
Do you have enough business to justify adding staff? Will one employee be enough, or do you need more? Are you thinking full-time, part-time or a combination of the two? Regular hours with specific duties or short notice and on-call as needed? Could an in-house gig worker be used to handle miscellaneous tasks over a specified number of days or weeks? What about a freelancer working off-premises to deliver a single assignment or series of projects as needed?
3 - Hire right and efficiently
By developing a written job description of key responsibilities for any position you want to fill, you’ll be better equipped to find the right kind of help quickly, screen applicants efficiently and, later on, evaluate their job performance. When you’re ready to begin looking for job candidates, keep these tips in mind:
- Ask friends, relatives and business associates for suggestions.
- Search online using reputable job placement tools such as CareerSource Florida’s Employ Marketplace, and Indeed.
- Tap into industry association websites.
- Monitor specialty job boards.
- Hire a staffing agency.
Make a list of the stand-out applicants and screen them initially by phone. Identify strengths and weaknesses; probe for qualities specific to the job you want to fill, such as leadership skills and work style. Then narrow your choices and invite the candidates who performed best by phone to your workplace for an interview. Hire the one with the skill set you desire and whose temperament best fits your company.