Be Your Business’ Leader and Hire a Manager
When all small businesses are getting started, the founder needs to wear many hats and work long hours at every position in the company. Labor is the most expensive area for all businesses, so cutting down on that expense is how most owners get their company off the ground. Once your business is big enough, you can consider hiring on more staff to take your place while you enjoy more profits.
However, many owners transition into a management role after the company can afford employees for the normal labor positions, and that can save you money compared to hiring a manager at a high salary. However, as the owner of the company, your time is better served leading and growing the company rather than managing the day-to-day operations. Here are some examples of why hiring a manager for your business so you can take on more of a leadership role can yield you more business over time.
It can be very tempting to micro-manage your staff if you run a recruiting service, but your time can be better spent in a variety of other ways. There was a time when you needed to be out there headhunting employees for your customers, but you’ve put a great staff in place and are ready to take it up a notch. Do yourself a favor: hire a manager to manage the office so you can go out and make business contacts to gain more customers for your team.
Most local mechanic shops have been in business for a long time and have a good base of loyal customers who turn up every year or two for service. However, you can also make a lot of cash by working out deals with local used car lots for you to give the vehicles tune-ups before they go up for sale as well as fix any major problems with trade-ins. Most used car dealerships are too small to have a mechanic on staff, so if you hire a manager to run the shop and hit the streets to make business connections, you can easily see a huge increase in the amount of work your shop receives.
Bar and Grill
One of the most common mistakes made by owners of a bar and grill is that they get too emotional about their venue. Opening a bar or a restaurant is a lifelong dream for many business owners, so that can lead to problems since they’re not thinking about the numbers. The owner’s time is better served greeting customers, lighting sparklers for bottle service before the bottles head to the table, and building connections with other pillars of the community so you can expand your customer base.
If your business is on the right track, freeing yourself up to make connections with other businesses is by far the best use of your time. If you can hire a manager to be your business’ leader, you can take your company to the next level.