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Smart Team Building: Growing Profitably Without Breaking the Bank

December 25, 2024 • Melissa Franks

Building a team is one of the most exciting yet challenging parts of growing a business. But bigger isn’t always better. In this episode Melissa breaks down the myths and realities of team building, sharing actionable strategies to grow your team profitably while protecting your business’s future.

Key Takeaways:

Start Small, Think Big: Why solopreneurs should start with contractors before hiring employees.

The Cost of Employees: Understanding the true expense of payroll, benefits, and inefficiencies in team dynamics.

Profitable Hiring Practices: How to evaluate if a new role will generate enough revenue to justify its cost.

Smart Scaling: Why every role needs a clear job description, scope, and performance metrics—even for contractors.

Lessons from the Trenches: A cautionary tale of overhiring and how to avoid growing too fast, too soon.

Melissa shares her personal and client experiences to illustrate the do’s and don’ts of team building. Whether you’re considering your first hire or expanding a seasoned team, this episode will equip you with the mindset and tools to grow strategically.

Resources:

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