Hire Your First Employee. Rhonda Abrams

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Grow your company.

Benefits of Hiring Employees

       Grow Your Business

       Hiring an employee helps you be more productive. You have more time to focus on growth—to develop innovative new products, reach out to your customers, spend less time on administrative tasks, or simply focus more energy on your work.

      

Concentrate on the work you do best

      

Increase your sales

      

Manage more customers

      

Balance your weaknesses

      

Create a business that you might eventually be able to sell to others

       Change Your Life

       Working alone can be lonely. It’s hard to make all the decisions by yourself, stay motivated, handle all the day-today tasks of running even a very small business. Having someone else on board brings you more talent and skills.

      

Share some of your workload

      

Spend more of your time on work you enjoy

      

Reduce isolation

      

Turn to someone else; bounce ideas off of them

      

Recharge your battery

       Change the World

       In 2007, there were 21 million businesses in the US with NO employees. Some will never have the income to support employees. But if a mere 1% of those businesses hired just one employee, they’d create 200,000 new jobs! You can be part of that.

      

Create good jobs for other people

      

Create an atmosphere in which people are treated fairly and with respect

      

Increase employment in America and reduce unemployment

      

Improve the economy

      But this book definitely helps you get started. You’ll be armed with enough of the basic knowledge you need as an employer. You’ll get the guidance to help you conduct an effective hiring search that should result in finding a great employee. You’ll feel more confident that you understand the laws and day-to-day processes of dealing with employees. You’ll think through your company’s policies and benefits and what kind of corporate culture you want to cultivate. Finally, you’ll take a look at managing and leading your staff. You’ll be on your way to charting a path toward another successful chapter in your business’ story.

Bad Economy, Good Time for Hiring

      Weak economy? High unemployment? Sure, it’s scary to think about expanding your business and taking on employees during uncertain economic conditions. But believe it or not, recessions and depressions have historically proven to be great times to start or grow a business. And a time of high unemployment may be the very best time to add to your staff.

      More than half of all companies that make up the Fortune 500 or Dow Industrial Average were started in a recession or depression. Statistically speaking, you’ve got a better chance of becoming a huge American corporation by starting in a bad economy.

      Take a look at some of the companies that started or expanded substantially during recessions or depressions: Microsoft, McDonalds, Disney, Hewlett-Packard, Whole Foods, General Electric, Adobe, J.Crew, Intuit, Alcoa, Johnson & Johnson, Procter & Gamble, Applebees, Costco, Chilis, Odwalla, Sara Lee, Sears. The list goes on and on.

       HIRE Learning

       Small Businesses:

      

Generate more than 45 percent of total private payroll

      

Create 60 to 80 percent of new jobs annually

      

Employ half of all private-sector employees

      

Hire 40 percent of all technology workers

       —Small Business Administration

      Yes, it seems counter-intuitive, but it’s actually not a fluke. Bad economic times mean great opportunities for companies willing to expand, be aggressive, and take risks. That’s because you’ll find:

      

Weaker competition. In bad economic times, big companies tighten their belts, cutting back on marketing, new product introductions, research and development, expansion. That makes it a better time for smaller, more aggressive competitors—like you!

      

More flexible customers. In good economies, customers don’t switch providers much. But when times get bad, they look for new, better, cheaper alternatives. They’re far more open to trying new things and new companies.

      

Lower costs and better terms. Suppliers are more willing to deal during bad economies. In fact, in good times, many suppliers won’t even deal with new, small companies.

      

Lower rents. If you need expanded space to accommodate your new employees or launch your new business, you’ll find all types of commercial real estate less expensive—office, retail, warehouse, manufacturing space.

       Debunking Hiring Myths

MYTH	REALITY
Hiring an employee costs too much money.	Your income is limited if you