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How to Hire Your First Employee The Right Way
Work with me: https://nextadvisory.nz/90-day-business-planning/
Most business owners think hiring is simple: find someone, pay them, make more money. Then they wonder why their cash flow got worse.
Today I break down the real process: financial modelling, understanding true costs (way more than just salary), and figuring out what work you shouldn't be doing.
We cover the love-hate exercise, why you might need admin support first, and how to structure the hire properly.
An employee costs more than their salary... Equipment, training, holidays, slow revenue periods. Most owners never model this out.
Don't wing it. Model it out first.
Most business owners think hiring is simple: find someone, pay them, make more money. Then they wonder why their cash flow got worse.
Today I break down the real process: financial modelling, understanding true costs (way more than just salary), and figuring out what work you shouldn't be doing.
We cover the love-hate exercise, why you might need admin support first, and how to structure the hire properly.
An employee costs more than their salary... Equipment, training, holidays, slow revenue periods. Most owners never model this out.
Don't wing it. Model it out first.
View all episodes
By nextAdvisoryWork with me: https://nextadvisory.nz/90-day-business-planning/
Most business owners think hiring is simple: find someone, pay them, make more money. Then they wonder why their cash flow got worse.
Today I break down the real process: financial modelling, understanding true costs (way more than just salary), and figuring out what work you shouldn't be doing.
We cover the love-hate exercise, why you might need admin support first, and how to structure the hire properly.
An employee costs more than their salary... Equipment, training, holidays, slow revenue periods. Most owners never model this out.
Don't wing it. Model it out first.
Most business owners think hiring is simple: find someone, pay them, make more money. Then they wonder why their cash flow got worse.
Today I break down the real process: financial modelling, understanding true costs (way more than just salary), and figuring out what work you shouldn't be doing.
We cover the love-hate exercise, why you might need admin support first, and how to structure the hire properly.
An employee costs more than their salary... Equipment, training, holidays, slow revenue periods. Most owners never model this out.
Don't wing it. Model it out first.
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