Hiring People without the Cash Flow to Support

[ Blackboard Fridays Ep. 110 ]
by Jacob Aldridge Published

This is a fantastic viewer question! And if you have a team, it's probably a pain you've encountered at some point - knowing that you absolutely NEED another person on the team, while simultaneously knowing that you CAN'T afford them.

So how does this unstoppable force of business growth meet the immovable object of your budget? If it were as simple as 'JFDI' then you already would have FDId, right?

In this week's episode, I'm going to share 5 approaches to help you make this critical decision. You don't need to apply all 5 - in fact, I'm hoping that just one of them is right for you and helps you with this next, bold step.

Does that guarantee the new recruit will be the best business decision? Hell no, but you can't grow a business without taking risks, and if this problem is keeping you awake at night then perhaps it's a risk you need to take.

Watch this week's episode here.

Blackboard Fridays has now released an impressive 100 Episodes. Your feedback continues to be excellent, so we want to know - how else can we help your business by going 'Beyond the Blackboard'? Click here to take the survey.

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Jacob Aldridge
read more by Jacob Aldridge

Over the past 12 years, more than 300 active growth businesses in Australia, the UK, and Asia-Pacific have worked with Jacob in his role as an international business coach, partner and advisor.

As the Head of Advisory at businessDEPOT, Jacob continues to work one-on-one with SME businesses and directors, while also leading the development of our Strategic Advisory services across Workshops, Group Programs, and Online business guidance.

Jacob's alumni clients and those who have attended his presentations describe him as the smart and quirky business guy who makes genuine change happen. He brings business experience that impacts both profit and valuation, plus a unique energy borne from the belief that business is best when it's fun.

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