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Learn about the essential first five hires for entrepreneurs as their company grows. The recommended order of hiring includes admin, customer support, salesperson, marketing assistant, and fractional bookkeeper. Explore the process of entrepreneurship and the importance of incurring strategic debt. Prioritize financial stability and strategic hiring to fast-track growth and avoid setbacks.
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Quick takeaways
- The first 5 hires for a growing business should be in the following order: administrative help, customer support, salesperson, marketing/content creator, and fractional bookkeeper.
- Understanding and strategically managing different types of debt (financial, management, and technological) is crucial for business growth and success.
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Hiring order based on value and cost
When hiring for your growing company, it is important to consider the order in which you bring on new team members. The first two hires should typically be an administrative help and a customer support role, as these tasks are time-consuming but not necessarily high-value work. The third hire would generally be a salesperson, depending on your personal strength in sales. From there, you can consider hiring someone for marketing or content creation, followed by a fractional bookkeeper to handle basic accounting. These initial hires should be extensions of yourself and assist in tasks that are necessary but not as strategically important.
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