Business is going well and you seem to have more on your plate than you can handle. The idea of adding to your team is starting to feel not only achievable, but necessary. But how do you know when it's really time to grow?
Here are a few signs that point to necessary team growth:
You're spending most of your day resolving problems on current transactions or losing time doing paperwork.
This could be a signal that you're not able to focus on your work. Hiring a team member or two will let you each play to your strengths and free you up for continuing to build the business. Paperwork is something with which a newer agent or assistant should be able to easily assist you.
You are not conducting lead generating activities.
This is how your business grows. If your time and attention is pulled away by other things, you and your business will grow stagnant.
No matter how hard you plan, you just can't stay on top of things.
When business is booming and you're the only one working on it, there's no way you can stick with a plan. When you have to choose between working on your business or finalizing a contract, you'll choose the contract every time. And your business will suffer for it.
Your work/life balance is way off kilter.
If you wake up and open your email, and fall asleep doing the same, you're overworked and that can lead to dissatisfaction or even depression. Find some balance by letting someone help you.
If any (or all) of the above statements rang true for you, it's time to grow! The good news is, it's time to find someone to ease your burden. The bad news is, you've got to find time to hire!
The question is: are you ready to create a team? Or would your needs be satisfied with an assistant or part-time help? Hiring a team requires a lot of work on your end. You'll need to create policies and procedures, as well as a system that you and your new employees can stick to. Whichever route you choose, take it slow. This is something you want to do well, so don't rush into a new hire.