Like every week, I have come together to make the 10X Business Owners Mastermind Call and it has turned out to be very helpful for new business owners and entrepreneurs. One big problem that has always proven to be a headache for business owners is hiring. And just about it, is that we talk to clarify doubts and situations.
When do you hire someone?
I currently have a couple of clients with a mountain of business challenges, and in their case, it was imperative to hire other people. So how do you know when to hire?
Personally, what I tell all my clients is that all they have to do is establish a list of the things they do, that is, an audit of business systems. Which is basically a spreadsheet that has four different columns.
The first column is everything I do in my business, everything I do, if you have employees, give it to your employee, then it would be everything that employee does. column two, is designed to answer the question, just put a little checkmark in this box, it would answer to ask like What do you not like to do? What would you not do? What is a waste of time, energy, and talent? What is it that you don’t like to do? What are you not good at?
Then in the third column are all the things that I really enjoy doing, that is, what I should do the most as a homeowner. Once you have that in place, you need to ask yourself a couple of different questions.
Number one, can I automate, delegate, or outsource this item? So there will be three other columns there, outsource, automate, or delegate. And the fourth column is how much time a week you spend on this task. If you keep that spreadsheet up to date, then when it comes to hiring someone makes the decision about who to hire, what kind of skills to hire, if I don’t actually have to hire an employee, etc.
There are too many contractors right now who work from home and don’t want to go back to work and just want to start their own virtual assistant business. And once you fill it out, you can sort that spreadsheet based on the amount of time it takes you weekly.
Virtual assistant and hiring
I have an assistant who now has like four or five assistants. This is because, at this point in my career, I don’t want to do any graphic posts on social media, I don’t want to do any programming, conference calls, and webinars, and seminars, and manage a mailing list, and many other things. I don’t want to do that job anymore. At first, I had to do it, but not anymore. And then I found someone who loves to do it. They are good at it. If I give them more of that kind of work, they are super happy and she does a great job.
As you get older, there will be no excuses to stop working. But once you get to the point where you have 1015 hours of work per week that you shouldn’t be doing, think about the amount of income you make per year divided by the number of hours you will be working that year. And that’s what your hour is worth.
There are two different types of clients, those who have their second or third business that they have been running and this is not their first rodeo, and for those who are running their first business. So, the hardest part is for the owner to let go of that control.
These people are always saying, “If I had someone else, like me, you know, they would have had two more people like me …” Business owners are complaining all the time, “If only I had someone else, Like me, the challenges are like, okay, I need someone else like me. This is what I want to hire him for. “
And instead of empowering their employees to be successful in what they do, they say, they can’t, they are not like me. And it’s a roller coaster ride for the typical business owner, and what you have to understand is, okay, learn to delegate properly.
When you give someone a task, make sure they can do it, have the skills and training to do it. Therefore, when I tell my people: Okay, here’s the deal, you are going to take on this task in the business, my expectation is that you are 10 times better than me in this task, and I will give you the training, the resources, whatever it takes to be successful in that role.
So the deal is, you can ask me up to two questions a month. Other than that, I’m giving you the property. And you can make as many mistakes as you need because that’s the way you’re going to learn. You have my permission to go and get the training you need, the tools you need, whatever you need, but I need you to take full control of this task in this area of my business. Because I don’t want to do it again and I trust you.
Otherwise, why would you hire him? Why would I waste my time?
That’s the biggest challenge most small business owners have when they hire someone, go through the entire hiring process, and then find someone and then don’t give them the power to succeed, or if they fail, they say, Oh my gosh, it’s the end of the world.