If you run a small business, as your company grows you will need to develop a skilled team to help your company thrive. But it can be hard to implement a robust hiring policy, without cutting too deeply into your cash flow, depriving your business of the capital it needs to function day-to-day. Helping you navigate this issue, Turner Little asks: when should you hire more staff at your small business?

1. When Should Your Hire More Staff At Your Small Business?
If you run a small business, as your company grows you will need to develop a skilled team to help
yourcompanythrive.Butitcanbe hardtoimplementarobusthiringpolicy,withoutcuttingtoodeeply
intoyourcashflow,deprivingyourbusinessof the capitalitneedstofunctionday-to-day.Helpingyou
navigate this issue, Turner Little asks: when should you hire more staff at your small business?
You are taking on too much
Your dutiesasabusinessleader –especiallyif youare acompanydirector,are all-encompassing.Your
average day can involve everything from hosting meetings to plotting out financial forecasts. It can
get to be a bittoo much, and you needto safeguardyour work/life balance,so youare at your best,
leadingthe companytonewheights.If youare doingtoomuch workand itis affectingotherareasof
yourlife, itistimetoexpandyourteam,sootherpeoplecantake onsome oftheseimportantburdens.
You are not getting things done
One tell-tale signthatit is time to hire more employees,isif you are not gettingall your work done.
Obviously if work is goingunfinished, you run the risk of being seen as unreliable by your suppliers,
clientsand customers,potentiallycostingyoufuture business,soit pays to take more people on.By
the same logic,if youhave somuch workthat youare now turningdownjobs,itisa goodideato hire
more staff,as theycan handle these jobs,providingyouthe capital needed to expand the business.
You have attracted investment
All businesses depend on investment to function and expand.In today’s modernworld,it has never
been easier to attract business investment, with alternative funding sources such as crowdfunding
allowing you to make your case to a wider pool of investors than ever before. Once you have this
money,one of the bestways youcan use it, is by payingformore staff.The ideabehindapplyingfor
investment is to use it to grow your enterprise, and nothing will achieve thisaim quicker than going
on a hiringspree,asitwill give youthe teamneededtotake onmore jobsandexpandyourofferings.
You need to plug skills gaps
As your businessexpands,there will come apointwhere youdo not have the skillsrequiredtomeet
all the needsof yourcustomers.The digital revolutionismakingthisanespeciallypressingproblemin
the modern era, as many businesses lack expertise in online technologies, at a time when more
consumers are engaging with companies via the internet than ever before. If you have a skills gap,
plugit bytakingon someone withthe necessaryskills,toensure yourcustomersare alwayssatisfied.
You have hired unpaid helpers
It can be useful to hire unpaidhelpers,suchas interns,or employeeswhounderUK law receive low
wages,such as apprentices,if youneedto developyourteam.If you findan internor an apprentice
who is productive, and understands the visionyou have set down for your business, they are worth
their weight in gold. Hire them in a full-time paid position, or they will leave you for someone who
will.
Manage your firm’s money
There are so many reasonswhy youmight wantto hire new staff,but it iscritical that you developa
solidfinancialinfrastructure foryourbusiness,soyoucanthemwhile keepingyouroperationsstable.
We can help you manage your money effectively, as experts in banking matters. Turner Little can

2. provide youwiththe UK businessbankingadvice yourfirmwillrequire togrow yourteamin the days
to come, while paying all your bills, ensuring that your venture charts news success in the future!