Daniel FazioCo-Founder of Client Ascension & ListKit

Why You Need to Hire People

2 Dec 2022 · 0 min

Watch on YouTube

0:25

A short YouTube monologue by Daniel Fazio arguing that business owners should hire employees and contractors to handle service delivery so the business stops being just another job for the owner. Fazio states his largest expense is full-time employees and contractors, reports he currently has 19 people on his team, and advises that once revenue is around $20–25K it’s time to sacrifice some margin to start hiring.

Questions this video answers

19 people.

About $20,000–$25,000 (referred to as '20, 25K').

My biggest expense in business right now is full time employees and contractors and having people help out with the actual delivery of the service. Right. And I mean, it's cool to have a super high profit margin, but it's not too cool if your business is just another job for you. Right? So we have 19 people on the team. We pay for 19 people to operate in the team. And I think it's a good investment. I think everybody should do that. Whenever, when you're at about like 20, 25K, it's, it's time to start giving up some margin and hiring people.