Thinking about hiring your first employee but worried whether your business can really afford it?
We've got you covered! In this episode, we talk about what really matters before you hire - getting your money in order. While lots of experts focus on finding the right person, we'll show you why having strong business finances is just as important as picking the perfect candidate.
Key Quote: "It's better to have an employee come into a profitable business and make it more profitable than to think your hire is the magic pill to make your business profitable."
What You'll Learn:
What you need to set up financially before you start looking for employees
How to do a simple "practice run" to make sure you're ready to hire
When it's okay to move forward even if everything isn't perfect
Smart ways to get help if you're not quite ready for a full-time employee
Want help building a great team? Check out Brian Alexander from Ready, Aim, Climb at readyaimclimb.com.
Ready to take the next step? Get our free Hire Readiness Checklist at
wealthwisdomfp.com/community. You'll also find a whole community of business owners who are working on the same challenges.
Don't wait until you're overwhelmed to start planning for your first hire. Listen now and learn how to make your first hiring experience a success!
00:00 Introduction: Hiring Your First or Hundredth Employee
00:54 Welcome to Wealth Wisdom Financial Podcast
01:32 Our First Hiring Experience
02:56 Financial Structure and Hiring
04:34 Profit First: Essential Financial Foundation
10:06 The Vault: Testing Payroll Capacity
15:04 Reality Check: When You Can't Wait
20:07 Audition Instead of Interview
22:09 Join the Wealth Wisdom Community
23:03 Conclusion and Final Thoughts
#BusinessGrowth #SmallBusiness #Hiring #FinancialFoundation #TeamBuilding
Watch on YouTube: https://youtu.be/qKwtYe6OYUc
