Are you feeling overwhelmed by the demands of your growing business? You’re not alone. Many entrepreneurs find themselves spread thin as they try to keep up with the demands of success. But what if there was a solution that could help you reclaim your time and reignite your passion for your craft?

Reclaim your time with the art of strategic hiring—a powerful tool that can help you take your business to new heights. 

Knowing when to hire is key to unlocking growth for your business. If you find yourself at capacity, struggling to manage your workload, or sacrificing personal time for your business, it may be time to consider expanding your team. But how do you know if you’re ready?

Are You Ready to Hire for Your Business?

Before diving into the complexities of hiring for your business, it’s crucial to take a step back and assess your current situation. Asking yourself a few key questions can provide invaluable insights into your readiness to expand your team:

  1. Are you at capacity, or do you feel pressure to hire because of external expectations?
  2. What are your energy levels like—are you still excited about your business, or do you feel drained?
  3. Are you paying yourself? Don’t let financial concerns hold you back from exploring the possibility of hiring.

Once you’ve determined that hiring is the right move for your business, it’s time to consider who to hire and when. The Kickstart Accounting Inc. framework breaks it down into three stages: experts, contractors, and employees. At each revenue milestone, from under $150,000 to over $1 million, there’s a strategic approach to building your team.

The Types of Team Members at Each Stage of Business

Embarking on the journey of entrepreneurship often starts as a solo endeavor fueled by passion and dedication. However, as your business grows and evolves, so do your needs. At Kickstart Accounting Inc., we understand the pivotal role that building the right team plays in the success and sustainability of your venture.

That’s why we’ve developed a comprehensive hiring framework tailored to the unique stages of your business growth. From the initial stages of bootstrapping to reaching significant revenue milestones, our framework provides strategic guidance on when and who to hire.

The Kickstart Accounting Inc. hiring framework:

  1. Under $150k: At this stage, experts are the specialists who can immediately buy back your time and allow you to focus on your strengths. Whether it’s accounting, marketing, or operations, hiring experts can help you level up your business.
  2. $100k-250k: Contractors offer flexibility and expertise without the commitment of hiring full-time employees. They’re a great option for tasks that require specialized skills but don’t necessarily need a permanent team member.
  3. $250k: When the time is right, hiring employees can provide stability and growth potential for your business. Whether it’s customer service, administration, or sales, employees play a crucial role in scaling your operations.
  4. $750k-$1m: Start hiring managers. At this stage, it is more challenging to remain profitable because you need managers for staff accountability. 

This is a general framework. If you are at one of these milestones and you are not ready, there is nothing wrong with you.

But hiring isn’t just about expanding your team—it’s also about defining your role in the business. Do you see yourself leading a team, or do you prefer to remain client-facing? Understanding your role will help shape the structure of your business and guide your hiring decisions.

At Kickstart Accounting Inc., we’ve seen firsthand the transformative power of strategic hiring. Starting as a small team of experts and contractors, we’ve grown into a thriving business with a dedicated team of employees. It’s a journey marked by growth, challenges, and invaluable lessons learned.

Over the coming weeks, we’ll be diving deeper into the hiring process, covering topics like affordability, leadership development, and team building. So be sure to subscribe to our podcast for more insights and tips on how to build a team that propels your business to new heights.

Ready to understand your numbers and make strategic hiring decisions? We can help. Book a call with our team today!