Want to know when to hire? Scaling down is just as important as up. Listen to Carl Gould your #70secondCEO for daily tips.
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Hi everyone, Carl Gould here with your #70secondCEO. Just a little over one minute investment every day for a lifetime of results.
We suggest that you staff to the valleys meaning find out when your slowest time of year is and don’t hire permanent and W2 employees above that line. Then fill in your staffing requirements from the slowest time to the busiest time with outsource resources, virtual assistants, other vendors. Because that makes you very nimble and you can contract your business as quickly as you can scale up your business and as anyone, you know that has a business during COVID has learned. It’s equally as hard a skill to scale down as it is the scale up. If you can’t scale down fast enough you’re going to give away all those profits you work so hard for the year before. But if you could scale down and keep variable costs, your cost variable as opposed to fixed.
You will maintain and save the most amount of money. So if you are thinking of staffing up to a certain degree staff to the valley subcontract to the peaks.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.