Most start-ups start on the ‘smell of an oily rag’. Businesses are built on blood, sweat tears and hours and hours of unpaid labour or on Mum or Dad helping you out because they love and believe in you.
So how do you know when you are a ‘real’ business and it is time to bring on your first employee? You wonder whether you should continue flying solo, but you know there are ramifications if you do, mostly around the ability to grow past a certain point.
So to know whether now is the time to build a team, it’s important to look at and reflect on your business. Can you afford an employee, and what are the alternatives, if you can’t?
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