One of the biggest things that holds most advancing business owners back from growing the way that they could is hiring.
Or, rather, not hiring.
Not hiring the person you need, the one that you know deep in your heart will get you to where you want to be.
Listen, I get it. It can feel so scary to make that kind of financial commitment when hiring another person. So much so that we freeze and don’t hire anyone. Even though we need them so badly.
And yet today, I want to share a different way to think about how you can absolutely afford to hire a rockstar…even if the financial commitment seems to be a lot.
Now. I mean, like, hiring them now.
This rationale will change your business. Watch today’s video now, even if you don’t think you’re ready to hire someone yet (you just may be after you watch it):
Hiring a new team member involves the same kind of financial decision making process as does joining a coaching program that will make you a lot of money.
It’s not a cost. It’s something that pays for itself within a few months.
Yes, of course it can feel scary to think about the kind of salary it will take to hire someone for a whole year. Which is why I recommend that you don’t think about it that way.
Every hire that you make in your business needs to be done with the mindset that it will make you money. It will do so in one of two ways:
- Directly, by generating sales through their work (sales and marketing functions are a good example of this)
- Indirectly, by taking things off of your plate so that you can spend more time exponentially growing your business or focusing on money-generating activities (administrative or implementation support is a good example here)
Hiring is an investment.
Now, as is the case with any good investment, it can take a little time to realize your ROI (Return On Investment). I’ve experienced that it usually takes about 3-4 months for a great hire to begin paying for herself, as I share in the video.
Instead of thinking about that great, big, scary annual salary, think about the investment required to bring this person on board, but just for the first few months. It’s a much easier pill to swallow.
Don’t think of hiring in terms of spending. Think of it as investing. You’ll need to pay for the first few months of a new employee or contractor coming on board so they can get up to speed. And yet, after that, they will be paying for themselves.
Which means they are essentially free.
Here’s what I promise will happen when you do this.
You’ll say: “Oh my goodness, FABIENNE??!?! Why didn’t I do this sooner??”
Hiring the right team members at the right time (meaning, not waiting until you think you can afford their entire year’s salary in one lump sum) will transform your business. Not only will your employee or independent contractor pay for herself, she’ll be making money for your business and making your life easier.
Go on, hire her now.
So much love,
P.S. Maybe you’re not sure what the most impactful hire would be for you, given where you are at your current stage in your business? Or maybe you know what you need, just not where to start.
We can help you map out a plan for growth – and we are happy to do it free of charge (our gift) during an exploratory call with one of our amazing Strategy Coaches. You can schedule that free call here.
You’ll tell them where you are now in your business, where you want to be, and what’s not working. Then, they can help you map out a plan, as well as introduce you to our process for getting you there.