Wow! Taking on your first employee is such an exciting, terrifying and stressful goal to reach when you are a small business owner.
Once you realise that your business can’t grow any further without additional staff, there are lots of things you need to consider.
Hire the right person
Firstly, you need to find the right person to fill the post. I was lucky, I had been approached by a lovely lady who had already passed her the Association of Chartered Certified Accountants (ACCA) exams but didn’t have the relevant work experience to apply for her full membership. We had an initial meeting, hit it off and arranged for her to start working for me. This was just the start of the journey…
Next I had to make sure that I had all of the right HR tools in place – things like contracts, terms and conditions, insurance, holiday and sickness record keeping – what a minefield! I was put in touch with Peninsula HR who have been brilliant. Yes, this was an expense I wasn’t really expecting but at least I know that I am not falling foul of employment legislation and it allows me to concentrate on what I do best.
Then there were the IT issues – another major headache. All my systems were single user licences sitting on my PC hard drive. Having a good IT support team is essential with this and in GMT Solutions Ltd, I’ve found an ideal partner. I have bought a server, acquired a static IP address and bought additional licences for all the relevant software. Now we both have access to all the system from wherever we work.
Learning to let go
Finally, the hardest part of all – letting go of your business baby! Having worked very hard for 3 years to build up my business I was going to have to trust someone else to carry out some of the work. It is exceptionally hard to do this. All sorts of questions go through your head: are they capable; will they damage my reputation; will they upset clients; what will my clients think if I’m not actually doing the work any more? The list goes on.
What it ultimately comes down to is having faith. Faith in your ability to find the right person; faith in your ability to train your new employee to have the same sort of ethos as yourself; faith that they have the same sort of passion as you for your business.
Thankfully I seem to have found the right person.
To learn more about my accountancy services, please get in touch.