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7 Clear Signs It’s Time To Hire Your First Employee (Infographic)

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood
Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone.

Building a successful business by yourself still takes the advice, expertise, and mentorship of countless others. Even as a solopreneur, other professional’s ideas and support can make or break your business. When growing your own business, it’s normal to gain many new skills and areas of expertise to be proud of. However, it is inevitable that you will discover areas of expertise in which you don’t excel. If you need someone with more experience on your team, or you simply don’t have enough time to do all your work, it may be time to hire your first employee.

Hiring your first employee can be one of the best things you can do to grow and revitalize your business. Whether you simply need to bring a specialist on to do the tasks you aren’t skilled in, or you need someone to do a little bit of everything, hiring that first employee is a big step for a small business owner. Having employees free you to do more of what is most important: managing the direction and growth of the business. As you delegate repeatable tasks that take up the majority of your day, your time can be better spent on overseeing your brand, finding new clients, and generating more revenue.

Keep in mind that bringing on a new member of the team may not always be right for every small business at every moment. You’ll need to make sure that you can financially support a new employee, and that your income is consistent enough to offer that employee regular income. In addition to this, hiring a new employee shouldn’t just make your job easier, it should bring additional income, and allow your business to grow further.

If you aren’t sure if you’re ready to hire a new employee or not, you may also want to consider hiring a freelancer, a contractor, or even finding a co-founder.

Check out the infographic below to see if it’s time for you to hire your first employee:

Sources:
Entrepreneur | INC | NeilPatel | BrianCasel | NaceWeb | Zety | SmallBusinessMattersOnline | Score

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood

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