Every business which has any level of ambition must successfully navigate a period of expansion. Implementing this will mean many things, one is taking on extra staff. At some point, you may find yourself trying to weigh up the pros and cons of hiring a business manager. There is often a natural hesitancy to making such an appointment. This is understandable, after all, you have built this business up from the ground. How could you possibly hand over control to anyone else? If we can look past our egos, we will find that hiring a business manager could be one of the best decisions we ever made.
One thing we cannot buy more of is time, but we can pay for the next best thing, hiring a good business manager. Of course, being an entrepreneur, you need to be a master of many trades, but that can often leave you juggling too many tasks, as the business grows, you will not be able to give them all the full attention they deserve. Combine this with the simple fact that we all have strengths and weaknesses. We can see that the best hire is often the candidate with opposing strengths and weaknesses to yourself. One final piece of advice here is not to hesitate in hiring those who appear to be better than you. The classic quote from the Chinese philosopher Confucius seems apt here, "If you are the smartest person in the room, then you are in the wrong room."
Choosing the correct candidate is not just half the battle, it IS the battle. Let us make no mistake here this is a big hire, and getting it right may be key to future successes. Getting help is never a sign of weakness, and given the importance of this hire, you need to get it right. I always use a particular firm when I need an executive search firm in Vancouver. They know the local talent pool and have vast experience in sourcing the highest quality of candidates. Utilizing this approach has saved us from costly wrong decisions, I'm sure.
New blood brings a new set of eyes to business operations, and a managerial candidate who can see things but also has the confidence and skill set to implement them could be invaluable. Benefits can include new systems and procedures, staff motivation, and increasing sales avenues through new products and services.
An experienced business manager will know how to effectively network. As the business owner, you can take advantage of all these connections the new person will bring. You are effectively paying for a shortcut, as to make all these contacts yourself could take years. Areas, where this can be beneficial, are numerous, from subsequent hiring to bringing in new customers or even sourcing new suppliers and sub-contractors.
Get this hiring decision right, and you will never look back, you will wonder how you ever survived without a business manager taking the strain away from you.