insight : roger magalhaes
Should I Stay or Should I Grow? Should you grow your business by hiring employees? Or should you keep it small and keep it all? BY ROGER MAGALHAES
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ne topic that always comes up in my Facebook group, Free Speech Window Covering Pros, and other online forums is hiring. Should you grow your business by hiring employees? Or should you keep it small and keep it all? This is a very complex issue with no simple answer.
There is no right or wrong way to run your business, but I will share some of my own experiences as well as some insights from colleagues in the industry.
The Benefits and Drawbacks of Adding Staff
When I first started in the industry in 2006 as an independent installer, I had a secret dream to conquer the world. In other words, I wanted to grow my business and expand to all 50 states. Very soon, I realized that it would be harder than anticipated. Every time you hire someone, you need to spend time and money to bring this person up to speed. You will need to create forms and develop
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a same-language system for your organization so everyone can respond similarly to the challenges and requests from clients. There is a steep learning curve before someone is ready to represent your company. The benefits may take time, but they will pay off in the long run, as you will be able to take vacations and time away and have the company still make money while you are gone. If you ever decide to sell the business, you will have something to sell. If you get sick or injured, the income will not stop with your absence. There is a machine making money for you. Creating a system will allow you to oversee the daily activities since you will not be working in the business. Instead, you will be working on the business, perfecting the operations.
Keeping It Small
I personally experienced instant growth when I opened my company. I tried to keep up with the demand for my services
