Carpon
Valued Contributor
Businesses that are started from their scratch always look forward to growing big some day and the need will arise that you employ people who will help you run the affairs of such a business. Sometimes, people make mistakes in timing when the need for such really arises by being too early in employing or late.
The effect of employing staff too early is that you add more liabilities to the business since you have to pay the staff and the Business may not be generating enough for such purposes. It leads to the crippling of the business if it's growth is not exponential.
Late employment of help first makes you stressed out and you will bear a lot of stress from over working. At times you may miss some opportunities that you can't grab because you have too much on yourself.
So as a business owner, look keenly and see your financial strength and determine or predict the future of the Business so as to help you know when best to employ workers.
The effect of employing staff too early is that you add more liabilities to the business since you have to pay the staff and the Business may not be generating enough for such purposes. It leads to the crippling of the business if it's growth is not exponential.
Late employment of help first makes you stressed out and you will bear a lot of stress from over working. At times you may miss some opportunities that you can't grab because you have too much on yourself.
So as a business owner, look keenly and see your financial strength and determine or predict the future of the Business so as to help you know when best to employ workers.