Grow Your Video Business with Ryan Koral SSP 062: How To Stop Overthinking Hiring & Grow Your Team w/ Matt & Ryan
You know how your to-do list just seems to keep growing endlessly, to the point where you know you’ll never get everything (or even anything) on it done? Many of these tasks you know would move your business forward if you could only get to them, and yet there are never enough hours in the day or days in the week to sit down and knock them out.
We feel ya, and today, we (Matt & Ryan) want to share with you how we’ve used creative hiring in our businesses to free up our time to focus on our strengths, while also taking care of the small things that are necessary to keep the businesses running smoothly, profitably, and effectively.
When you think about hiring, you might immediately think about editors, shooters, and producers, which can seem daunting - and expensive. The truth is that there are probably 100 tasks in your business that could be hired out incredibly cheaply without committing to a monthly salary, which will save you time, and be done better than you would have yourself.
We share some common misconceptions that keep video producers from hiring, how we got started building our teams, how we use virtual assistants and freelancers to take care of the minutiae associated with running a business, and how hiring out work could actually save you thousands and thousands of dollars.
We’d love to hear what tasks you routinely hire out, or what’s keeping you from outsourcing if you haven’t yet. Let us know in the comments!
In this episode:
- Different ways to hire that you might not have thought of before and the values of each role
- Our experiences of how our teams have actually saved us thousands of dollars
- Where to get started with your first hire, and how it’s easier and cheaper than you’re probably thinking
- How to hire a VA and which tasks you should consider outsourcing
Quotes:
Are you charging what you want to charge, are you making the kind of money you want to make? What is your hourly rate? And if you don’t know that, then it’s really easy to say, ‘Well, of course I’m not going to hire an accountant, to do my accounting, because that’s going to cost $1500 at the end of the year.’ But, when you start thinking about how long does it take you to get all those papers together, and to start punching numbers into QuickBooks. If you want to charge $200 an hour for your time, would you ever pay an accountant $200/hr?” [7:53]
What I was able to experience life wise, by not having to think about the numbers, and not having to keep track of all these things, but to have someone that was doing that for me was incredibly freeing, super life-giving. It’s hard to put a number on that.” [11:38]
Links:
Studio Sherpas Episode 55: How To Set Goals That Will Grow Your Business In 2018
Check out the full show notes page
Stay up to date with everything we're doing at Studio Sherpas