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Get Help Now! When to Hire Your First Team Member

The Huffington Post The Huffington Post 1/10/2015 Megan Tull

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You're an entrepreneur and you've been in business for a while, things are really starting to ramp up, you have enough clients where you are finally able to start generating a profit but....

  • You're feeling overwhelmed by scheduling. You don't have time on the calendar to meet with clients or prospective clients.
  • You're frustrated having to do work that you really don't want to do.
  • You're unproductive. At the end of the day, you often feel like you didn't accomplish what you expected to.
  • You're losing your passion. You're starting to get burned out and you start wondering why you started on this roller coaster ride of entrepreneurship in the first place.
  • You're ignoring core tasks. The moment you realize that lately you haven't really worked on the "core tasks" that are essential to grow your business, because of all of the minutiae of the little tasks.

These are all signs that it's time to stop and reassess your workload. It's time to allow yourself to focus on the work you do best and hire other people to do the rest. Being the jack of all trades can initially seem like a necessity when you're an entrepreneur, but it really doesn't have to be that way!
Brian Tracy, CEO of Brian Tracy International said it best, "The smartest business decision you can make is to hire qualified people. Bringing the right people on board can save you thousands and your business will run smoothly and efficiently."
In reality, you cannot create a highly successful business by yourself.
Get help now!
Focus on what drives the revenue and what you're passionate about.
You can do this -- I'll tell you how and why it makes perfect sense. Let's say you're time is worth $100.00 an hour, I'm guessing it's probably much more than that, but we'll just use this amount as an example for now. Let's also say, that you're spending 10 hours a week on administrative tasks. If you paid yourself that $100.00 an hour for that time put in on the admin tasks -- that would be $1,000.00 per week and $4,000.00 per month.
Those tasks can be done by an assistant or a virtual assistant that let's say makes $20.00 an hour. So, let's take that 10 hours and multiply it by 20 that's $200.00 per week and $800.00 per month.
If you took those 10 hours per week (40 hours per month) and focused solely on income producing activities (such as talking to prospective clients or partners) how much money could you make in those 40 hours per month? Would you be able to make that $800.00 per month to pay your assistant? Of course you would, in fact, I'm certain you would be able to grow your business exponentially.
The math makes sense. So, what is stopping you? If you're not moving forward on this you must ask yourself -- what's holding you back?
Is it fear of not finding the right person? Is it having to let go of control? Or, is it that you don't believe that you can bring the money in to cover the expense of an assistant?

If you are going to grow your business you just have to let go of those limiting beliefs and shift your thoughts to thoughts that are empowering and supportive of your business goals, thoughts that will best serve you moving forward.
In order to reach your true potential as a business owner, hiring a team to support you is essential. Start taking action today. You got this!

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