6 Indications You Need to Hire More Team Members
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Today's Question: When should a startup scale its hiring? How do you know it's time to bring on more team members?
The answers below are provided by members of FounderSociety, an invitation-only organization comprised of ambitious startup founders and business owners.
1. When You're Equally Ready to Fire People
I've seen many startups fail thanks to their inability or unwillingness to fire people – whether it's a "cofounder" who isn't pulling their weight or a new hire who isn't delivering. A "trial period," the expectations for it, and a contingency plan in case it doesn't work out should all be a part of the discussion around hiring a new employee. Expect the best and plan for the worst.
— Melissa Roberts, Free State Strategy Group LLC
2. When Your Product Demands It
3. When Each New Team Member Has a Clear ROI
4. When It's Needed to Hit the Next Milestone
5. When Your Startup Has a Steady Income
— Ajmal Saleem, Suprex Learning
6. When You Have Responsibilities Outside of Your Core Competencies