2. Hiring Your First Employees The Hardest & Most Profitable Transition I am writing this for those of us who would like to increase our profit while working less...and at the same time having a lot more fun while working. As a disclaimer, there are hundreds, if not thousands of ways to add small incremental increases of profit while working less. When I am helping others get better results with their small business marketing, either through business coaching or as a motivational business speaker, I like to consider all of these ideas so I can build a customized business model that gets the results my clients want.
3. Hiring Your First Employees The Hardest & Most Profitable Transition Today I want to talk about one of the hardest business building transitions for most of us solo-preneurs. That mindset transition is when our businesses reach a place of complexity that we have to start to grow a team in order to continually grow our profit, and take more time for ourselves.
4. Hiring Your First Employees The Hardest & Most Profitable Transition Going from Solo-Preneur To Entrepreneurial Leader The reason I am calling this a mindset transition is because although there are new skills that need to be developed, the largest hurtle of going from solo-preneur to entrepreneurial leader is usually a mindset. By mindset shift, I mean going from thinking like a solo-preneur “How can I get this done?” to an entrepreneurial leader or "How can I find the right person & build the right system to get this done?"
5. Hiring Your First Employees The Hardest & Most Profitable Transition Although when I say that, it sounds easy, I know. But my experience tells me that the shift from solo-preneur to entrepreneurial leader is one of the hardest mindset shifts we take as entrepreneurs. What's the big challenge? It's human nature to have a hard time letting go of control of something you are highly invested in. That can be with time, money or emotionally.
6. Hiring Your First Employees The Hardest & Most Profitable Transition It's like working really hard to be an amazing role model for your child then bringing them to the school system and trusting that the teacher is going to care as much about your child's future as you did. The Truth About How Others Will Treat Your Business No one is going to care about your business as much as you do; simply because no one else has paid the prices or taken the risks to create the business. No one else is as emotionally invested as you are.
7. Hiring Your First Employees The Hardest & Most Profitable Transition So what happens a lot of the time, because we don't trust that someone else is going to do as well as we are going to do at the task. We might micro manage or get too involved in the process the person we are paying should be doing. Or worst of all..we just keep doing it ourselves..stunting our growth and profit potential. We want to take the same level of focus that we use to do the activity we should be passing over to someone else and focus that attention on looking for a couple key ingrediants that puts the perfect person in place.
8. Hiring Your First Employees The Hardest & Most Profitable Transition Because the truth is, if you find the person that is passionate about the actual activity they are doing, they don't have to care about your business. They just have to have massive interest in the characteristics that the business activity holds as well as the internal value structure that fits the goals of the process they are taking over. An example might be if you are in the insurance industry and you need someone in customer service. They don't have to care about your insurance business as much as you do. They just have to be personal, caring, organized etc.
9. Hiring Your First Employees The Hardest & Most Profitable Transition So in summary, there are characteristics of the person you have to hire for each position that makes the person in that position better at the actual activity than you…even though they will never care about your business as much as you. So in our next video we are going to talk about understanding how to find those characteristics so you can hire someone that is going to do a better job at one of the jobs you have inside your business so you can grow a more profitable business and take more time off.
10. Hiring Your First Employees The Hardest & Most Profitable Transition