If you’re making $5,000 - $10,000+ per month, it’s time to hire.
Here’s how to get your first employee (for less than $1,000 monthly):
Here’s how to get your first employee (for less than $1,000 monthly):
I’ve been getting a lot of positive feedback on my posts about outsourcing and how I create efficiencies in my business.
But, with that positive feedback has come a lot of questions:
But, with that positive feedback has come a lot of questions:
“How do I find a personal assistant to help me with my email organization?”
“How do I find a good bookkeeper?”
“How can I outsource repetitive tasks as cost-effectively as possible?”
“RYAN, WHERE DO I FIND THESE PEOPLE?!”
“How do I find a good bookkeeper?”
“How can I outsource repetitive tasks as cost-effectively as possible?”
“RYAN, WHERE DO I FIND THESE PEOPLE?!”
So, I’m going to give you a “quick and dirty” guide that answers all of these questions…
1) When is the right time to hire?
The simple answer: as soon as your time is more valuable than your money.
The best way to figure this out is by calculating your monthly income and then dividing it by the number of hours you work.
This will give you your “hourly rate.”
The simple answer: as soon as your time is more valuable than your money.
The best way to figure this out is by calculating your monthly income and then dividing it by the number of hours you work.
This will give you your “hourly rate.”
For example, if you make $10,000 per month, and work 40 hours per week (~160 hours per month), your hourly rate is approximately $62.50.
NEXT, you want to do a time audit:
For the next 3 - 5 days, every 15-minutes, write down what you’re doing.
The goal is to find out how you’re spending your time, and where you can offload responsibilities that aren’t helping you GROW your business.
For the next 3 - 5 days, every 15-minutes, write down what you’re doing.
The goal is to find out how you’re spending your time, and where you can offload responsibilities that aren’t helping you GROW your business.
There is a difference between maintenance (email organization, bookkeeping, etc.) and growth (networking, sales, etc.).
If you can outsource the maintenance for less than your hourly rate, this is an ROI positive investment!
If you can outsource the maintenance for less than your hourly rate, this is an ROI positive investment!
And, in my opinion, the best time to start outsourcing is when you’re making $5,000 - $10,000+ per month.
This gives you a decent budget to work with.
This gives you a decent budget to work with.
2) Where do I find someone to outsource my maintenance tasks to
There are a ton of online resources and job boards: Fiverr, Upwork, Toptal, etc…
There are a ton of online resources and job boards: Fiverr, Upwork, Toptal, etc…
Using these, you should be able to find talented, English-speaking VAs and freelancers that charge $3.75 - $15 per hour ($600 - $2,400 per month).
Most of this talent pool will live in South America or Southeast Asia, but don’t let that discourage you!
Some of the best employees I’ve ever had were remote employees in the Philippines, Indonesia, Argentina, etc.
Some of the best employees I’ve ever had were remote employees in the Philippines, Indonesia, Argentina, etc.
Note: You get what you pay for, so don’t be cheap. However, you should be able to find great talent for ~$1K/mo. And, in these countries, that is a considerable wage.
Ex: in the Philippines, the minimum wage is just $200/mo.
Ex: in the Philippines, the minimum wage is just $200/mo.
3) How do you vet applicants?
Zoom interviews!
Zoom interviews!
Have they done work like this in the past?
How is their English (both when speaking and writing)?
Is there internet connection strong?
If there were a problem (power shortage, internet outage, etc.), what is the first thing they’d do? (Hint: they should communicate it to you!)
How is their English (both when speaking and writing)?
Is there internet connection strong?
If there were a problem (power shortage, internet outage, etc.), what is the first thing they’d do? (Hint: they should communicate it to you!)
4) Now what?
Stop wasting time and follow the steps in this post!
Ready.
Set.
GO!
Stop wasting time and follow the steps in this post!
Ready.
Set.
GO!
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