Loading...
Answers
MenuI've grown from being a solo PR consultant, to adding an assistant. Now maxed. How to take the next step? Get new clients or hire senior help first?
This question has no further details.
Answers
Clients before hire/ income before expense BUT start the interview process now too
Your time is your most precious resource:
1) Increase rates for new customers
2) Find a way to "productize" your knowledge (e-book, presentation, conference calls, webinar?) so that you can sell to others x10 without them taking your precious time.
3) What is your core competency? Focus on that and find others (senior help) to do anything else.
4) Did I mention increase rates? Double your rates.
I agree with kelly. Also plan roles and responsabilities before hiring.
This happened to me about six months ago -- I had a small team, but we landed several clients at once and I didn't have the right systems in place. Nothing blew up, but I was stressed while I tried to do a lot of the work myself and get the right people and processes in place.
If you're pretty confident you can get the clients, I'd start training someone NOW to do the things you're doing, so you can hand that work over and focus on onboarding new clients or doing new work. If you're bringing someone on in a consultant/part-time role, it's less important to rope in the revenue/client first because that new team member won't cost you so much that it puts your biz at risk.
Hi. This is a great question that I hear a lot. This is one of those questions that typically has no correct answer if you simply pick one of the options. Unless you have a huge pot of money sitting around idle, you can't hire senior help without clients and revenues to pay them. And you can't take on new clients without more help or existing clients will suffer (and the new ones won't stay).
The only solution is to find a creative way to do both. You may be thinking, "there's no way I have the time to do that" (or money/budget or whatever else your limiting factor(s) is/are. In my experience, when I talk to people about their specific situation, there are always ways we can think of that allow them to do both.
So my advice to you is to forget the constraints of the no-win "either/or" situation and come up with a genius "and" solution.
Consider carefully what you need/expect from the person you are thinking of hiring and how much time and energy you are willing to invest in both the locating, training and oversight of initially.
As a growing business you must be very conscious of quality control so you have to hire well.
Ensure your reputation is solid before you expand so you attract the right people.
You could consider hiring a contract or freelancer for extra work until you are in a position to comfortably find, hire and train a new member of your team. Contractors/freelancers are also aware of their need to maintain their reputation and deliver good quality product (do not cheap out on paying).
Clearly identify the qualities and that includes traits you believe will fit in well with you and your business. Many growing small business owners have taken a real hit by hiring the wrong person and giving them to much trust and responsibility to quickly. It feels great to be able to hire and give someone a job and great to expand your business. Sometimes small steps with a plan for more is the way to go.
Cross-train your employees.
You are the most valuable individual in your company. No one works harder, faster, and no one produces more than you.
By cross training your new employs, put them on menial tasks while you focus on more productive avenues.
Related Questions
-
How was SnapChat able to grow so quickly?
I'm answering your question assuming that you hope to be able to replicate it's own success in your own mobile app. There are a couple of factors responsible for it's growth that are instructive to anyone building a mobile app. "Leveraging the intimacy and privacy of the mobile phone." We now have an *intimate* relationship with our phone like no other device in the history of technology. Every internet company that started before around 2010 has built their core interactions around "the old web" one which was accessed primarily via a browser on a computer. Companies that start with a clean slate, should be building their interactions around how to do whatever the app is supposed to do while leveraging what is unique to people's relationship to their mobile devices. Photo-sharing has become a core part of the way we communicate now. Snapchat built something that provided an experience that leveraged the feeling of privacy and intimacy that is unique to mobile. "Provided an escape from the "maturity" of other online services." Too many parents, aunts, uncles and other "old people" have encroached into the social networks of teens and young people. As a result, they've had a desire to find places to express themselves in places inaccessible by older generations. An important distinction is that it's not just parents and relatives that young people are trying to avoid, but also employers & colleges who are increasingly using "mature" social networks to review applicants. "Leveraged PR even bad PR" The fact that the app got so much press about it being used to sext was perfect PR for the company, as it essentially reinforced the brand experience that it has today. Essentially, "if it's safe enough to send a sext, it's safe for any kind of communication I want to have." And although the safety and security of Snapchat is actually not as advertised, it still enjoys the reputation of having less impact than any primarily web-based service. Building a successful mobile application is one of the hardest challenges to face designers, programmers and entrepreneurs in the history of writing software. Happy to talk to you if you're considering building a mobile app, about what I've learned about the "table stakes" for success.TW
-
My startup just failed. What could I start to "immediately" generate $1,000/mo?
The quickest path to cash is almost always consulting. Be very specific about what it is you can offer. Don't just offer "business consulting". Find a niche and serve it. Reach out to your network, including friends and family and ask if they need or know of anyone who might want to hear about what your consulting has to offer. That will be way faster than trying to go at it from scratch or cold calling. If you call 100 people in your network this week, you will have a consulting gig within 3 weeks. Good luck, and let me know if you'd like advice on entering a digital marketing/lead generation consulting niche. I've grown from zero to $8,000 of monthly recurring payments in the last 40 days! DaveDR
-
Whats the best way to find commission sales reps?
This is not my specialty, however, I have been in your position many many times -- maybe this will help. If the product is in-tangible, then look for JV partners on the Internet. Try to find an expert that deals with these JV opportunities (like me). If the product is physical, then look for sales organizations that have networks of sales people across the country. You do the deal with the organization and the independent network of sales people sells your product. It's a sweet setup if you can negotiate a margin that works for everyone. Hope that helps - Cheers - NickNP
-
If I have a business idea for a large company, how can I give it to them and mutually profit, without them just taking the idea and squashing me?
Probably not the answer you're looking for, but companies have so many unimplemented ideas that the likelihood of partnering to implement someone else's idea is really low. And besides which, the idea is not something that has much value in and of itself. If you're passionate in the idea, build it yourself. That's the only way you can have leverage.TW
-
How much equity should I ask as a CMO in a startup?
Greater risk = greater equity. How likely is this to fail or just break even? If you aren't receiving salary yet are among 4-6 non-founders with equivalent sweat investment, all of whom are lower on the totem pole than the two founders, figure out: 1) Taking into account all likely outcomes, what is the most likely outcome in terms of exit? (ex: $10MM.) Keep in mind that 90%+ of all tech startups fail (Allmand Law study), and of those that succeed 88% of M&A deals are under $100MM. Startups that exit at $1B+ are so rare they are called "unicorns"... so don't count on that, no matter how exciting it feels right now. 2) Figure out what 1% equity would give you in terms of payout for the most likely exit. For example, a $10MM exit would give you $100k for every 1% you own. 3) Decide what the chance is that the startup will fail / go bankrupt / get stuck at a $1MM business with no exit in sight. (According to Allman Law's study, 10% stay in business - and far fewer than that actually exit). 4) Multiply the % chance of success by the likely outcome if successful. Now each 1% of equity is worth $10k. You could get lucky and have it be worth millions, or it could be worth nothing. (With the hypothetical numbers I'm giving here, including the odds, you are working for $10k per 1% equity received if the most likely exit is $10MM and the % chance of failure is 90%.) 5) Come up with a vesting path. Commit to one year, get X equity at the end. If you were salaried, the path would be more like 4 years, but since it's free you deserve instant equity as long as you follow through for a reasonable period of time. 6) Assuming you get agreement in writing from the founders, what amount of $ would you take in exchange for 12 months of free work? Now multiply that by 2 to factor in the fact that the payout would be far down the road, and that there is risk. 7) What percentage share of equity would you need in order to equal that payout on exit? 8) Multiply that number by 2-3x to account for likely dilution over time. 9) If the founders aren't willing to give you that much equity in writing, then it's time to move on! If they are, then decide whether you're willing to take the risk in exchange for potentially big rewards (and of course, potentially empty pockets). It's a fascinating topic with a lot of speculation involved, so if you want to discuss in depth, set up a call with me on Clarity. Hope that helps!RD
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.