21 February When Is The Right Time To Hire? February 21, 2023 By sma Business Tips, Franchise business growth, client satisfaction, entrepreneur, hiring, small business, time management 0 WHEN IS THE RIGHT TIME TO HIRE? February 21, 2023 | Business Tips, Franchise | hiring, client satisfaction, small business, business growth, time management, entrepreneur Every small business owner or entrepreneur needs to develop a system for conducting business that works for them. For some, this comes naturally! They know the right things to say, they’ve connected with the right people, and they know how to develop relationships. For others, their business has to be built up through plenty of trial and error. Running a small business solo can be incredibly rewarding—at the same time, incredibly demanding. The best way to handle these mounting demands (and to manage your sanity) is to finally expand your team. With a co-pilot at your side, your small business can reach new heights and expand beyond what you ever imagined! But when do you know the time is right to hire? Here are a few signs that say you should hire sooner rather than later. 1. Your Are Turning Down New Business This one may seem obvious, but if you’re reaching the point where you can’t keep up with the demands of your business, you need to make a hire asap. Successful entrepreneurs should be able to anticipate this situation and be able to make their hires before they reach their breaking point. However, sometimes business can accelerate beyond expectations at an unexpected pace. With any new hire, be sure to look ahead! If your business tends to pick up and slow down, plan on some recurring tasks your new hire would be responsible for if business slows down in the future. Consider which complementary tasks they might excel in, and how they can help your business continue to grow! 2. Your Are Bogged Down With Daily Tasks As a small business owner, you’ve developed a unique set of skills that set yourself on the track for success. When you start to consider bringing on a new employee (or your first employee), you should be careful that you’re doing it for the right reasons. While you may be busy, consider what type of “busy” you are. Often, small business owners can get caught up with highly-specialized tasks that are unique to their particular skills. Other times, these entrepreneurs see their day taken up with time-consuming tasks that could be easily picked up by someone else. As home inspectors, only you have the specialized training to perform an inspection and generate a detailed report. Additionally, any relationships that you’ve built up as a small business owner cannot be easily passed on to a new employee. Always consider the effort that would be required to train a new employee to take over specialized skills before committing to a new hire. On the other hand, if your time as a small business owner is being taken up by clerical tasks, bookkeeping, or other easily transferable tasks, hiring someone in an assistant or secretarial position may be beneficial. Time that was once taken up with these repetitive tasks could be redirected towards building new relationships or adding new services that could grow your business! 3. You Know Your Strengths (And Your Weaknesses) A sign of a strong leader is someone who has a good understanding of where they excel and where they don’t. Business owners should always be improving upon their leadership skills, but sometimes it can be worthwhile to bring on a partner who possesses a complementary skillset. In the home inspection industry, inspectors tend to have great detail-oriented strengths that result in ideal experiences for clients. But, sometimes they could benefit from a more outgoing relationship-building expert. Find people who are advocates for your business growth. A great team member brings something new to the table that you can use to expand your services or enhance what you’re already doing. With these considerations in mind, ask yourself again: Is now the time to expand my team? If you’re interested in hiring and looking for leads, feel free to reach out to your NPI corporate office to see if anyone in your area has inquired about pursuing a career in the inspection industry. If you would like to learn more about why now is a great time to start your own home inspection franchise, collect your free info packet here! If you're interested in employment in the home inspection industry, submit your application to work for one of our established franchise locations with the form on this page. Comments are closed.