What are the 10 mutable laws for entrepreneurial success? – Part 7

[This is the next installment in our series on this topic.]

Mutable law #7: Hire your first employee (and any subsequent ones) only when you have no other choice.

Congratulations! Your business has done well. Youʼve grown your firm to the point where youʼre working way too many hours, but getting rewarded in that the revenue stream is steady and impressive. You feel you are ready to obtain help.  This is a big decision for an entrepreneur.

So now you reach that question. Who do you hire? [Read more…]

Should you even look at the resume?

You’ve decided to bring on an intern who will help you for a semester as part of her college work. This can be an effective way of having an employee without really making a long-term commitment. For a small entrepreneur, hiring is not to be taken lightly, and puts you on track to enter into a totally different realm. An intern can be a good test drive for you. [Read more…]

Annabolic Times-Excuse Me, You’re Fired!

I hope this finds you very well and enjoying your summer.

As solopreneurs, we don’t often have the experience of hiring employees; more often subcontractors.  However, there is an important lesson below should you ever decide to go down that path.

Enjoy the below video!  You may recognize someone in it.

CLICK HERE:  REASON 29:  VIDEO 

Excerpted and adapted from “Seventy Reasons Not to be an Entrepreneur (and why I wouldn’t do anything else)”  Copyright 2013 by Michael A. Babiarz, all rights reserved.

Reason Number 29: Hiring is a &**& and firing is a bigger *(**.  Hiring is not a fun process. For the small businessman, if the size of the company mandates employees, it is a process that will need to be repeated, time and time again. Your employees will quit. When they quit, replacing them means going through the painful hiring process all over again. But what if an employee needs to be let go?

[Read more…]