The Cold Hard Truth About Growing a New Business

The Cold Hard Truth About Growing a New Business

Most new businesses start with one person and one great idea or passion. Turning this idea into a successful business is the first challenge, but the next challenge is how do you grow your new business?

One of the biggest problems with growing a new business is one which most people would never even guess. It's not financial, finding more customers or finding bigger premises, it's nothing like that.

The issue is trying to grow your team from a team of one (yourself) to a team of many while always knowing that no-one can do the job as well as you do.

Your First Employee

Imagine you've built up your new business and it's time to expand. You've reached a point where you know you can no longer do everything yourself. You have to hire someone to help.

This is one of the most stressful steps in growing a new business, hiring the first employee.

By now you know the business inside out and you're thinking that no-one can possibly be trusted to do the job as well as you do and you know what? You're probably right too.

For the jobs you're going to have to delegate to someone else, there's probably no-one out there who can do them as well as you do. You know that and you also know that to grow your business you need some help.

It's at this point where many small business owners hit a sticking point and decide not to expand, but to stay as they are doing everything themselves.

You Must Overcome the Fear

I've seen many people in this position and you've probably been there yourself, or maybe you're there right now?

Unless you want to stay working crazy hours, doing every job yourself and never creating that bigger, more profitable business that you know you could achieve, then you must overcome this fear of hiring someone who's not as good as you are.

You have to accept that your first employee might not be as good as you are, they might not be as efficient, they might not have your business mind or your positive attitude. After all, you're the boss so you have a massive interest in the success of your business. They most probably won't, why would they?

However, with the right working procedures and processes in place you should be able hire someone who can take some of the more mechanical tasks off your hands and do them with reasonable efficiency and consistency.

Once you've hired your first employee it'll be so much easier to hire the second and third as your business grows.

If you take and remember only one thing from this article then let it be this:

"The fear that no employee will care about your business as much as you do, or work in your business as well as you do can stop you from growing your business. Don't let this happen to you."

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