It can be a tricky balance knowing whether or not you are ready for a new hire in your company. There are lots of things to consider, such as finances, the amount of work readily available, and lots of other things. It could be that you are not quite sure if you are at the point where you need to hire an executive. We’ve put together a list of signs together which should let you know if you are ready or not.
1. You don’t have the right work/life balance.
If you are so busy that you don’t really have time for a personal life, it could be time to hire an executive to help take some of the strain. You need some time away from your company to recharge. That way, you will be much more productive when you are back in the office. Make sure you take some time out for yourself, and your company will reap the rewards.
2. You aren’t being productive.
Delegation is key to making a company successful. If you are completing a lot of tasks, but none that are really driving your business, you may need a key member of staff that will take some of those tasks away from you. This will give you the time you need to really drive your business forward. It will also help you to focus on the most critical areas that need to be worked on. Be as productive as you can with the hours you spend on your business.
3. You don’t have enough support.
If you feel that you don’t currently have someone to bounce ideas off of, then you might want to hire an executive to support you. It can be stressful having to make all of the key decisions on your own. Sometimes it can be a great help to have someone that you can trust and who has the necessary experience to provide you with a valuable opinion. If you’re struggling to find a recruiting provider, take a look at the services offered by The Recruiterie who are executive recruiters in Pheonix and who are able to match candidates to company goals and cultures. They work with businesses of all sizes (including non-profits) so they could definitely help you out with your hiring needs if you need the support.
4. Your business isn’t growing.
If your business remains stagnant, but you are in the financial position where you can hire an executive, it could be exactly the breath of fresh air your company needs. Someone can come in with brand-new ideas and suggestions that you haven’t heard before that could give you a much-needed energy boost to push things forward.
5. Managing your team is too time-consuming.
If you have a lot of entry or lower-level staff and find that you are spending a lot of time managing them, this is another task that takes you away from other strategic elements of your business. By hiring an executive to take care of some of these operational duties, including team management, it will free up even more of your time to do the job you really should be doing.