195: Growth vs Scale: How to Decide When (& Who) to Hire in Your Business
How do you know when it’s the right time to hire someone?
Hiring additional staff as you grow or scale is a truly pivotal moment in your business. You have several considerations to make aside from financial ones, including whether the person you choose aligns with your strategic growth goals.
In this last episode of the “Growth vs Scale” series on She Thinks Big, you’ll discover the eight key things that signal it’s time for you to bring new contractors or employees into your business. I’ll also cover a couple of extra considerations you’ll want to keep in mind as you make this strategic, big-thinking hiring decision.
What’s Covered in This Episode on Hiring in Your Business
2:37 - The impact of your workload and the value of having someone with specialized skills on your team
4:46 - Opportunities or inefficiencies that require an expansion of your team
6:14 - The hiring consideration that many think is the only deciding factor and a sign from clients/customers that it’s time to hire
7:54 - How seasonal demands and the need for strategic expertise and leadership can affect your hiring decisions
9:31 - Three extra considerations to make as you decide whether to hire someone
Mentioned In Growth vs Scale: How to Decide When (& Who) to Hire in Your Business
She Thinks Big by Andrea Liebross
Andrea on LinkedIn, Instagram, and Facebook
Quotes from the Episode
“Are you hiring a person that is going to take you towards your goals or just keep you stuck in the same spot?” - Andrea Liebross
“Hiring should be considered when you have some steady revenue. But you also have to be able to forecast the expected return on investment from hiring new employees.” - Andrea Liebross
“You also might need a coach to help you be more future-focused, to help you see the possibilities, the handwriting on the wall.” - Andrea Liebross
Links to other episodes
184: Five Stages of Business and the Decisions to Make as You Grow
193: Growth vs Scale: 8 Essential Steps to Build the Foundation for Sustainable Business Success
194: Growth vs Scale: The 5 Essential Roles in Your Business
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