We’ve all heard it said that there is no “i” in team. Unfortunately, many entrepreneurs tell themselves that they simply can’t afford to hire a team, especially in the early stages of running a business. Many small business owners simply don’t have the time, money and resources available to go through the often lengthy and expensive process of hiring staff.
But there comes a time for every business when putting together a team is the best option, particularly if you’re looking to grow or expand into new territories. You may still be some distance from having your own HR department, or to take advantage of the insights found from tracking HR metrics, but bringing together a small, talented team can dramatically improve your business.
Here are three of the main reasons to think about hiring a team:
Few of us are great at everything
Entrepreneurs often waste valuable time trying to do something that was outside of their area of expertise. Whether it’s designing a website, putting together strategic PR and marketing campaigns or cold-calling potential clients, it’s rare than a business owner has the skills to do everything themselves. It can be tricky to trust important business processes to someone else, but it’s all a matter of finding the right people. Hire people to do the things you’re not good at, so you can focus on the tasks that generate revenue and grow your business.
Benefit from outside perspectives
We can be so attached to our plans and projects that we can’t see the forest for the trees. Working with others brings fresh eyes and new ideas to your business. Even if you’re not in a position to hire full-time employees, you can hire contract workers who have experience working with entrepreneurs. Working with others gives you the ability to learn from mistakes that you haven’t made, and learn valuable insights along the way.
Burn-out is real
Working with a team isn’t just good for our business; it’s beneficial to our sanity, our health and our overall well-being. Initially some entrepreneurs feel uncomfortable admitting they can’t do it all on their own, and many burn themselves out trying to achieve the impossible. There’s nothing wrong with admitting you need help and ensuring you implement a healthier work-life balance.