How to Know When to Hire a Team to Grow Your Business with Bonnie Fahy | Summary and Q&A

TL;DR

Learn from expert Bonnie Fay about the key factors to consider before hiring a team and how to determine if you need help in your business.

Key Insights

• 👨‍💼 Extroverts need to work with others to feel energized and engaged in their business.
• 🤲 Preferred delegators should prioritize getting help sooner rather than trying to figure things out themselves.
• 🤑 Analyze your time and tasks to identify money-making tasks and focus on those to achieve your goals.
• ❓ Assess your financial situation and budget to determine if you can afford to hire someone.
• 🆘 There are always affordable options for hiring help, even if your sales are inconsistent.
• 😤 Don't go through the journey of building your business alone. Surround yourself with a supportive team.
• 😤 Bonnie Fay offers additional training on hiring a team based on your budget, providing valuable resources for entrepreneurs.

Transcript

redo it the whole thing for the bright side of branding business and being Your Own Boss hey boss it's sunny and welcome to the sunny show for the bright side of branding business and being your own boss and I got a really really good question from one of my students and one of our fellow bosses Andrew Maria Wellness asked how do you know when it's... Read More

Questions & Answers

Q: How do I know if I'm more of an extrovert or an introvert?

Determine whether you thrive on alone time and need space to process your thoughts or if you love interacting with people and energize through conversations and meetings. The answer will guide your decision on working with others.

Q: What is a preferred delegator and why should they seek help sooner?

Preferred delegators are individuals who struggle with tasks and prefer to hire freelancers to handle specific tasks. They should seek help earlier to avoid wasting time on tasks they are not proficient in and focus on their most important tasks to drive revenue.

Q: How can I analyze my time and tasks to determine where I'm getting blocked in my business?

Look at your money-making tasks, which consistently lead to sales, and identify any tasks that are lower value and drain your energy. If you're spending too much time on lower value tasks and feeling stuck, it's time to get help.

Q: What are my options for hiring affordable help if my sales are inconsistent?

If sales are inconsistent, consider hiring freelancers for low dollar per hour tasks. You can also find domestic freelancers on an a-la-carte basis or explore options like trading services or getting an intern to help for free. There is always an affordable option, no matter where you are in your business.

Summary & Key Takeaways

• Bonnie Fay shares four important factors to consider before hiring a team: extroversion vs. introversion, DIY vs. preferred delegator, analyzing your time and tasks, and financial considerations.

• Extroverts should consider working with others to maximize productivity and engagement in their business.

• Preferred delegators should seek help sooner rather than later to handle essential tasks that they struggle with.

• Analyze how you spend your time and make sure your efforts are focused on money-making tasks rather than lower value tasks.

• Assess your financial situation and determine if you have consistent sales and the budget to hire someone.