When should a new business make it's first hire?

eldavis

Very Familiar
Member
Sep 4, 2022
15,059
664
Dex
$0.000
Raw Dex
$5.986
There are some new business today who usually make their first hire even before the business starts operating. Then there are some who tend to wait for some time before they make their first hire, especially for businesses where one person can operate it for some time. When do you think its the best time to hire employees?
 
AgoraForo - Digital Marketplace & Freelancer Forum

SHAHID987

Notable
Member
Nov 15, 2022
3,914
228
Dex
$3.575
Raw Dex
$0.053
I started business of general store, mostly I have general used items, but still I didn't started hiring anyone to look after cash or to deal with customers, till I felt the business started generating reasonable profit.
 

Stardom22

Very Familiar
Member
Sep 1, 2022
13,217
565
Dex
$4.300
Raw Dex
$0.217
For me l think that the business should hire some workers before the start. This is because everything on the business including procurement for human labour is included in the capital to be raised.
 

cherry123

Popular
Member
Sep 5, 2022
27,440
2,611
Dex
$0.401
Raw Dex
$0.000
I think business owners should wait for some time before they make their first hire, especially if it is business where the business person can operate it alone for the time mean.
 

kirubel

Somewhat Known
Member
Oct 30, 2023
818
36
Dex
$0.000
Raw Dex
$0.000
Yeah some business owners need to hire an employee on the beginning in order to run the business, and some business owners hire employees when they get developed and have some money and when the business stands on two feet. but hiring depends on the nature of the business type.
 

timewo

Notable
Member
Jul 30, 2022
2,772
212
Dex
$0.160
Raw Dex
$1.393
A business should hire employees only when it is confident that it will generate sufficient revenues to pay the employee a salary for the work. Some online businesses do not get orders, so they cannot hire anyone.
 
Back
Top