How to Know if You Can Afford to Hire with Abby Gallo
The Growing your Team Podcast: Episode 224
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PocketCastsAs your small business grows, you may feel it is time to expand your team. But just because your business is telling you it’s time to hire, is your business ready to take on that additional team member?
One important factor in determining whether you are ready to hire is whether you can afford the new team member.
This is why it’s essential to know your numbers. You don’t want to avoid hiring when you can afford the team member you need because you fear not being able to pay that team member. You also don’t want to hire a team member you can’t afford and then have that team member bring you into the red financially.
Abby Gallo joined the Growing Your Team podcast to help you understand if you can afford to hire and provides valuable tips so you can be confident about your numbers.
Listen Now:
In this Episode You’ll Hear:
- How to make sure you can afford the staff who can properly support your workload
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Whether business owners should ever be dipping into their own pay to afford adding new staff
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How to determine if you can afford to hire
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How much money do you need in the bank when adding a new position
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How to determine how much you can and should pay a team member
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Actions you should take when you have a goal of adding additional team members
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How your annual budget can be used as a planning tool for hiring
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What business owners need to watch out for when hiring management-level help
About Abby Gallo:
Abby Gallo is the CEO of Terrain Bookkeeping. As a QuickBooks Advanced ProAdvisor, she specializes in helping consultants and marketing & creative agencies gain greater profitability. Her firm manages all of your regular financial needs so that you can focus on what you do best — running your business and delivering results for your clients. Abby talks about the importance of working in your zone of genius and why “knowing your numbers” can help your business grow and thrive.
How to Connect with Abby Gallo:
Website: www.terrainbookkeeping.com
Services: www.terrainbookkeeping.com/services
Instagram: www.instagram.com/bookkeeperforagencies
Suggested Resources:
Free Discovery Call: https://www.terrainbookkeeping.com/contact-us/
Next Steps:
Are you feeling overwhelmed by the pressure of choosing the right hire?
Are you tolerating a bad hire because you fear trying – and failing – again?
Gain the confidence to hire like a pro.
At Growing Your Team® we empower women entrepreneurs and leaders to expand their unique businesses by teaching them to master the hiring process. Schedule your free Jump-Start Consultation today.
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