Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
+1 212 318 2000
Europe, Middle East, & Africa
+44 20 7330 7500
+65 6212 1000
If you would like to work sane hours and have weekends off, you need to hire people who are better than you are in their areas, and be your own weakest link. As a small business owner, you are the boss. Though nobody but you can fire you, many small business owners still act as though one smart employee could unseat them. This is just plain wrong. I repeat: you are the boss.
This means that you have the luxury of hiring the best people you can find to work for you. Before you advertise for a new employee, do your homework, examine your situation, figure out what you need and how that new position is going to pay for itself and add to your bottom line. Be sure to think outside the box. When someone leaves, you don’t have to fill the position with the same type of employee. For example, if you spend a sizable chunk of your time doing paperwork and filing, you might decide that it would be more profitable to hire an office assistant rather than a sales rep, thus freeing you up to do more selling or have more billable hours.
Marilyn Holt, CMC, CEO
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
To submit a tip for consideration, first check our archive of previous tips to make sure you're not repeating a tip someone has already contributed. Then send the tip to Small Business channel contributor Michelle Dammon Loyalka. Because of the volume of material she receives, she may not respond to each individual.