When I talk with business owners, they often have fears about hiring team members. They worry about the cost and question if they can afford such a person. I fully understand their fears. The last thing you want to do is hire someone you can’t afford. 

Yet, in many cases, the risk in not hiring the right people can be greater than hiring them. Have you ever considered that not hiring someone might cost you more than hiring them?

There are hidden costs in not hiring team members. Read below to discover the high price you may be paying by NOT hiring a new team member.

Most business owners do too much! Through the years, they have learned to do many things, but just because you can do things doesn’t mean you should.

In fact, a good question to ask yourself regularly is not “Can I do this?” but “Should I do this?” Business owners should not do most things. They should do the things they do well and farm out the other tasks. 

Trying to do too much limits your company’s ability to grow. Many leaders become the ceiling of their companies. The company reaches a point that it cannot grow because the owner cannot handle more. 

Don’t make that mistake. Limit what you do to doing what you do well, and find people who can help you with the rest. If you hire wisely, those people will quickly pay for themselves, and your company will have the bandwidth to grow.

So many business leaders are weary. They have spread themselves so thin that they no longer enjoy what they do. In fact, if they’re honest with themselves, they question how much longer they can continue doing what they do.

Don’t be that type of leader. Limit what you do to what you do well. Find other people to help with the other tasks. Yes, there’s some cost to hiring others, but they expand your ability to bring in new business and increase your income. 

Good team members quickly pay for themselves, and they keep the leader from exhausting himself, limiting company growth, or just quitting.

To work efficiently, you must stick with what you do well. It’s not that you can’t learn new things, but doing so takes a lot of time and often distracts you from doing what you do best. 

If you free yourself from unnecessary tasks, you can increase revenues substantially.  For example, if you’re good at sales and you focus primarily on sales, your increase in business alone easily pays for an additional hire. That person does the things you don’t like doing, and you do what you do well. 

In addition, a gifted person placed in the right role, will increase company profitability. Hiring good people doesn’t subtract from the bottom line, it adds to it!

Finding and hiring the right people empowers them to greatly contribute to the company. Don’t just hire anyone. Hire the right people for the right job. Doing so will grow your company, decrease your stress, and increase your profit. 

There are few more exciting things than hiring a capable person, assigning him responsibilities that align with his abilities, and watching the results roll in. You help that person, and he or she helps you and your company. It’s a win-win for everyone!

If you want help figuring out who you should hire and how to go about doing so, schedule a short call with me at https://penncoaching.com/meetwithdave.