23: Q&A – when to hire, reinvesting

Ben McAdam Episodes Leave a Comment

Podcast 14:55 – DownloadStitcheriTunes

I recently did an AMA (Ask Me Anything) session in a facebook group for one of my clients, and I answered two of those questions again here on the podcast.

If you have any questions for the next Q&A episode, or want me to do an AMA in your group, fill out the contact form here.

In this episode:

  • “What figures should I look at to determine if I should hire someone? Is there a guideline?”
  • “Thinking salary versus reinvesting into the company, is there a certain moment when to reinvest revenue into the company?”
  • Cash flow projections
  • How to check your margin
  • Rule of thumb formulas for profitability and hiring
  • How to not hire too late
  • What successful entrepreneurs do right regarding reinvesting in the company

Links and Mentions:

Any big “a ha” moments for you while listening? Got a favourite takeaway? Let me know in the comments below.

Thanks for listening!

P.S. Got a question for my next Q&A episode? Or a question I should ask future guests? Or a suggestion for a future guest to interview? Send it in.

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