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The $100 MBA Show

MBA902 Better to Hire Early or Late?

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 20 November 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

Is it time to hire? As your business grows, this can be a tough question. As entrepreneurs, we all want to be proactive. Why wait ‘till tomorrow when you can do it today? But when it comes to personnel, it’s not quite so simple. Growing your business is about many things, not the least of which is timing. No one can hire the people they need at the exact moment they’re needed. So the question is: should you hire late or early?

Transcript

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0:00.0

Heyo! Welcome to the $100 M. B. Show the business podcast that cuts to the $100 MBA show, the business podcast that cuts to the chase and gives you

0:15.8

practical business lessons with every single episode. I'm your host, your

0:21.3

coach, your teacher Omar Zinn Home. I'm also the, your coach, your teacher, Omar, and home.

0:23.4

I'm also the co-founder of the $100 MBA and Webinar Ninja.

0:27.4

And in today's episode, you will learn,

0:30.0

is it better to hire early or late?

0:33.0

Whether you're making your first hire or your 50th hire?

0:36.0

Is it better to hire somebody before you actually need them?

0:41.0

Or should you hire them well after, you know you need them. It's very

0:44.8

hard to get somebody exactly when you need them. So you're either going to hire

0:49.2

them early or late, which one is better. This is what we're going to discuss in today's episode.

0:54.6

This is really important because when you're hiring people, you really need to budget how much

0:58.6

you can really afford.

1:00.1

You need to figure out how much impact will this person make on your bottom line.

1:05.0

And of course you want to make sure you can afford them.

1:06.7

You don't want to hire somebody and not be able to pay them a few months down the road.

1:10.9

Not only that, you want to make sure that you don't go under, you're not snowed in under, where you

1:16.0

hire so late where things are slipping and you should hire them a whole lot earlier.

1:21.1

This is a tough question, a tough decision a lot of us have to make, especially at the start of our business, especially when we're starting to expand our business beyond ourselves.

1:29.0

I'm going to give you all my tips, all my experiences when it comes to hiring people, and specifically when to hire. my

1:33.0

tips all my experiences when it comes to hiring people and specifically when to hire them.

1:35.0

If you're in this position where you're trying to hire somebody right now,

...

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