Entrepreneur · Entrepreneurs

When is the appropriate time in a small business's lifecycle to start hiring?

Kashif Jehangir Assistant Manager Administration at Private Company

November 2nd, 2017

These days I'm finding myself too busy to even chase new leads. As my reputation seems to be growing, I've had a number of potential clients actively approach me looking for work to be done, but I just don't have the time. However, cash-flow can be inconsistent. Are there any good guidelines that more experienced entrepreneurs have come up with about when is appropriate to make the leap and try to find a business partner to disperse the work? And even beyond that, how to find someone who's willing to work on an uneasy basis? I need, in essence, a hybrid between a freelance contractor and a part-time employee.

Erin Kelley

November 7th, 2017

When I bootstrapped my business a mentor gave me the advice that at times you will starve yourself to feed your business. He was right.

In order to give the business a chance to get legs, I had to sacrifice my income to get the right resources in place at the right times.

Hire the part-time employee. Give them steady pay and take the hit to your income.

Anya MBA VP of Strategic Partnerships at Digital Media Solutions Group

November 7th, 2017

Outsource- Pivot Worldwide provides short term placement and internship candidats of US educated international students at no charge to the employer. Great for start ups- although you must have a registered business. www.pivotworldwide.com