Delegate, Focus, and GROW Your Business

Transitioning From Self-Employed to Employer

If you are a one-man or one-woman business, there is often a point when your business begins to grow beyond your capabilities. You can come to a crossroad when you must consider whether it is time to transition into hiring employees to handle your increase in customers. However, timing is everything. Making this move too quickly or not soon enough can have disastrous results. Before making that move, consider all of your options.

Employees Bring New Responsibilities and Expenses

It is not just paying wages to employees that must be considered when looking at growing your business. Wages are just the tip of the iceberg when it comes to transitioning from being self-employed to becoming an employer. Consider the other expenses and time that having employees brings:

  • Insurance. Once you have employees, you must also have insurance to cover worker’s compensation and unemployment. Also, having employees can increase your liability for lawsuits and other legal issues.
  • Training and management. Adding even one employee means time allotted for training, payroll and management of your staff.
  • Benefits and taxes. Keep in mind the new laws regarding health insurance and other regulations for benefits. You will also be responsible for certain employer taxes.

Hire a Virtual Assistant to Help Transition

Instead of moving directly into becoming an employer, one option is to hire a Virtual Assistant to help you transition into hiring employees. Using a VA can lift some of the burden as your business continues to grow, without the time or responsibilities of hiring employees. Delegate administrative tasks along with using your VA for other duties such as:

  • Customer service
  • Managing online services
  • Social media and digital marketing
  • Project management

Of course, if your business keeps growing, you will eventually need employees. However, your VA can still be an asset, taking over certain duties while you focus on managing your new team and business growth. Keeping a VA on your budget even after becoming an employer can reduce the total amount of employees you have, helping manage your tax responsibility and other employee costs.

If you are moving toward becoming an employer, let one of our talented Virtual Assistants help you with the transition. Having a VA as part of your team can delay needing to hire employees, then be a benefit once you are ready to build team by offering extra administrative support. We hope we can be a part of your success as your company grows!

photo credit: jasoneppink

Posted on January 26th, 2015 by Rachel Braam, Office Manager

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