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Should I Hire Employees?

I’ll be upfront with you on this. I never hired anybody, but that doesn’t mean I don’t wish I had. After reading The 4-Hour Workweek, a book I recommend everybody read, I re-examined everything I was doing. A big factor was outsourcing work to other people. If you get in the mindset that time is money, then you start to look at things differently.

For example, lets say you are a mechanic and you make $40 an hour fixing cars. Would it be wise to detail the cars yourself? By detail, I mean clean the inside and wash the outside. Of course not! You can hire someone else to do that for you, which gives you more time to do what makes you the most money. So rather than spending even 15 minutes cleaning a car, you can hire someone to do it for you. If they wash 4 cars in an hour, you pay them $10 for that hour of work. In the meantime, you fixed another engine problem and made $40 in that same hour, netting you a $30 profit.

When it comes to storage auctions, you typically make money when you buy. Remember, buy low, sell high. If you’re too busy sorting and pricing inventory, or running the cash register, then you’re not going to be making money. You are the expert and you need to be out buying. Someone else can sort & price, especially clothing! What it boils down to is trust. I had a big problem trusting people, and I’m sure that cost me money. Yes, they may steal, or price something cheaper, but in the long run, they are saving you time and your time is worth more money than they could ever steal.

Could you imagine if the owner of a fast food chain tried to do everything himself because he was afraid to hire people, or too cheap? Really, think about it. You walk into the store, and the cashier greets you with an exhausted smile. “Welcome to Shlappy’s” he says, out of breath. “What can I get for you?” As you start to order, he says “Hold on”, grabs his headset and speaks into it “Welcome to Shlappy’s, I’ll be right with you”. Then, just as he’s about to take your order he runs off back to the kitchen to pull the fry’s up and flip a burger from his previous order.

I think you get the picture. Because he won’t hire anyone for fear that they might give away free food, or steal from the cash register, or not treat customers the way he would or for whatever reason, he is LOSING MONEY. That’s right. He’s so busy running around trying to do everything himself that he just can’t keep up with it all. The same holds true for you. If you’re too busy doing all the things you need to do, and you can’t get new, sorted, clean, fresh items on the shelves each week, people are going to stop coming to your warehouse, or if they do come, it will be less frequent.

The morale of the story here is simple. Next time you think to yourself, “Should I hire employees?”, don’t be afraid to hire someone. It will make you more money in the long run. It will also keep you sane!  If you want to learn even more time-saving and business-smart tips, get yourself a copy of The 4-Hour Workweek today!

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