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Here’s How You Know If You Can Really Afford to Hire a Team Member

Posted inBuild, Grow, Start

Ah, I love data. I really do! I know it can be very draining and dull and boring, but I promise you – my fellow anxiety sufferers – the data is really what’s going to help you make decisions in your business that aren’t based on emotion, but actual informed decisions based on data.

Know Your Numbers. Does the business need more sales? Does it need less expenses? Maybe a combination of the two? How do we create more profitability so you can pay yourself? Do you want to add on a team member? How much should you pay them? What are the costs associated?

All Of That Is Data. 

The more you know your numbers, the more informed and educated you are as to what the problems are in the business – and where your time and energy as the business owner is spent. 

Business ownership is like playing a game of chess.  When you move something, it changes all the strategies involved. Your job as the business owner is to figure out – when you move one piece on the chessboard at the game of business – how does that affect the strategy?

You have a problem in the business that you need a solution for. You may have 70 different solutions that could get you there, but which one’s the best? I tend to go with one that’s easiest, but you have to figure out what the problem is and what the DESIRED END RESULT is before you can figure out a strategy to get there. 

So today I’m going to share a tool with you that is going to make the math and the data part of this so much easier for you! So when you’re trying to figure out how much does it cost to hire a team member, you can plug in your numbers and find out.

To plug in your own numbers and see if you can really afford to hire a new team member, go to www.thelashpreneur.com/hirecalculator

Ready to stop trading your TIME for MONEY? We are launching a new program called SOCIETY XCELERATOR. If you’re interested in hiring your first (or next!) PROFIT-producing team member, DM me #hire on Instagram HERE and let’s chat more about how Society X can help you do just that!