Shanli Liu, CPA, CTPFreedomfolio · I help 7 to 8 figure service business owners and ecommerce sellers keep 10K to 75K of profit- without IRS headaches | CPA. Virtual CFO. Tax Resolution Pro | $5MM+client tax savings | Book a free 15 min strategy call

Who you should hire FIRST in your business...

Name: Who you should hire FIRST in your business...
Uploaded: 2022-01-10T17:09:42+00:00
Duration: 25 s
Channel: Shanli Liu, CPA, CTP
Description: In this concise advisory segment, the speaker outlines a practical hiring framework for new business owners. The core premise is to hire first the person…

10 Jan 2022 · 0 min

Watch on YouTube

0:25

In this concise advisory segment, the speaker outlines a practical hiring framework for new business owners. The core premise is to hire first the person who can take over tasks the founder dislikes or is poor at. The process involves three steps: (1) document every current activity through a brain‑dump; (2) categorize each task by the founder’s strengths vs. weaknesses and by what they like vs. hate; (3) assign a dollar‑per‑hour value to each task. Finally, prioritize hiring for the tasks that have the lowest cost to outsource, enabling the founder to focus on higher‑value work.

The first person you should hire when you're starting a business, no matter what kind of business it is, first person you should hire is the person that's going to take away the things that you hate to do, that you suck at doing. So there's a framework for that. The first thing you got to do is you got to document what you're doing. You have to write down everything you're doing. You got to just brain dump everything you're doing right now. The second thing you have to do is you've got to divide that into your strengths and weaknesses, and then what you like and what you hate. Third thing, you want to say, what's the dollar per hour of those? Then you have to decide which of those is the lowest cost that you could hire for right now.