The Good, The Bad And The Ugly On Hiring A Team To Expand Your Growing Business

The good, the bad and the ugly on hiring a team to expand your growing business.

Hey, there, I'm Jillian Kendrick and welcome to the Momentum Marketing Podcast. I'm a mama, a wife, an entrepreneur and a three time best selling co-author. In each episode you'll get real world, practical advice and strategies and maybe a parenting tip or two along the way. If you're ready to create a business that supports your family and your lifestyle, then you're in the right place.

Hey, if you haven't checked out my master class on how I get over 600 leads every single month, I want you to go to jilliankendrick.com/masterclass and you can opt in absolutely free. It's an amazing master class. It's, I think it's like 38 minutes long. So it's not gonna take up your entire day. It is so good, jam packed with a couple of big industry secrets that you're gonna wanna know. And I'm really proud of it. I made this specifically for business owners who want to get leads who are either currently getting leads and want to do it better or have never gotten a lead before in their life. Other than maybe through referrals and word of mouth. If you're thinking about doing more promotion, using seo, going into paid advertisement, this is the master class for you. Check it out at jilliankendrick.com/masterclass.

Now, on the topic at hand, we are talking the good, the bad and the ugly when it comes to hiring. And I can honestly say after running my business for over 10 years after starting as a virtual assistant to now being the CEO and an expert in my field, I've hired a lot of people. I've hired everybody from virtual assistants, graphic designers, programmers, project managers, technical consultants, coaches, website builders. One off little projects for myself, one off little projects for my clients. I've taken other people's services and package them as my own and utilize them as contractors. Like I've done a lot, a lot, a lot, a lot, a lot, a lot of hiring. And one of the first things that you should think about if you're considering hiring to start growing and scaling your business is whether or not you're ready and by ready I don't mean like, oh, I've never run payroll and oh, I don't have an EIN and oh, I don't know how to do this. That's not being ready, folks. I love you, but that's not being ready because guess what? You're never going to be ready to do something that you've never done. When I say ready. I'm talking about you. I'm talking about, are you spending time doing things that you know that you shouldn't be doing, doing things that you feel like? Man, I could give this to somebody else. I could delegate this. I could pass this off to a team member. Are you spending time doing things that are repeatable and duplicatable? And either could be automated or could be passed off to a team member. Are you spending time doing things in your business that don't make you any money? That's a big one. I pause right there for a second.

So if you feel like there's not enough hours in the day, if you feel like, man, I need some more help, man, I need 10 hands and three brains. And I wish we lived on Mars because I need more hours in the day. Trust me, you're not alone. But these are some really good indications that you are ready to hire a team to scale and grow your business. And as far as like getting the EIN, you can go to irs.gov and apply for a free EIN as far as making sure that you have the right type of business, whether you are gonna be an S Corp, AC Corp, an LLC personally and take this with a grain of salt, talk to a lawyer and an accountant.

But I started my business as an LLC and then eventually switched to being an LLC that files as an S Corp and I do that for tax purposes because it actually helps save a lot of money on taxes. But if you have questions on that, talk to a professional who can guide you as to exactly the right sort of choice for your situation and for your business. And once you get all of that stuff squared away, I promise the rest of it is relatively easy. It's not that any of this is hard. It's that it's new. Right. It's not frightening. It's not impossible. It's not scary. It's just new. You've never done it before. And that's ok.

As far as running payroll, whether you run payroll or just yourself or your contractors for domestic or international contractors or for employees. I'm going to give you a link to a program that I love to use called Gusto. You can find my affiliate link to Gusto down in the show notes or in the transcript of this episode. But Gusto is great because you can run all sorts of things and they take care of some of like the tax stuff for you as well and they have different packages and whatever that you can do. So if you've been hesitant to hire a team because taxes and liability and withholdings and all that other stuff scares you, which it did for me for a really long time. Use Gusto and they'll help you through everything.

Another thing you need to...