Know the difference between a profitable entrepreneur and a struggling entrepreneur?

Profitable entrepreneurs work on their business, struggling entrepreneurs work in their business – just like an employee works in their job.

Being a rock star employee is great when you are a climbing the corporate ladder. But when you are building a business, it’s a hat that you have to be willing to let go of as soon as possible.

The quickest way to transition from part-time to full-time in your business is to focus your time and energy on planning and growing your business. One of the things that slow us down as part-time entrepreneurs is getting so bogged down with the day to day running of things that we never get time for business building issues.

Want to be a rock star entrepreneur instead of a overworked employee in your business? Build a virtual team with contractors, virtual assistants and employees to manage day-to-day tasks, giving you time and energy to be the entrepreneur in your business.

So how do you hire good people, that will build your business and profits? Here are a few great tips to help you do just that!

#1 Use Referrals

Ask friends, family and associates who they use and then contact those referrals. It’s a much faster process to find good people. Check out their testimonials and browse those LinkedIn recommendations!

#2 Hire Specialists

Hire someone who specializes in the task you need them to do. For example, you might hire a VA to manage your affiliates or you could hire an affiliate manager. You may pay a little bit higher hourly rate for the affiliate manager but they will likely know many things that can help you improve your affiliate program. They’ll also likely be more efficient with the process.

#3 Communicate Effectively

Unless your new employee or contractor has ESP, they will not be able to read your mind. It is crucial that you have a clear and effective communication system and well documented steps for routine tasks. Tell them what you want/need, why you want/need it and how to get the job done. (If you don’t have your processes documented, this should be the first task you hire a VA for!)

#4 Start Small

You probably wouldn’t hire a new babysitter and then leave them alone with your children for a week. No, you’d start by having them babysit while you go out for dinner. Use the same concept when hiring. Start small and sure it’s a good fit before you leave them alone with your business.

Hiring, delegating and contracting the day to day tasks essential for running you business is key to launching smart and landing profitable. It gives you the time you need to actually grow your business instead of simply working in it.

Bonus Tip: Want someone who gets your business, and is available the same hours that you are? Hire another part-time entrepreneur!

For resources on growing a profitable part-time business, join Launch Smart Central!

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