5 Ways to Smoothly Go from Solopreneur to Team | Fora Financial Blog
Scaling Your Business: 5 Ways to Smoothly Go from Solopreneur to Team
August 06, 2018

Scaling Your Business: 5 Ways to Smoothly Go from Solopreneur to Team

Many successful ideas started with a single visionary looking to make a large impact. Still, somewhere along the way, more hands are necessary to help build that dream. Every solopreneur must go through the process of assembling a team of talented professionals who can bring their business to the next level. This transition can be a little tricky, and sometimes awkward, so it’s important to properly prepare yourself before you start your hiring process. Keep reading to find out five ways that you can go from a solopreneur to the leader of a growing team!

1. Start by Outsourcing When Possible

It can be challenging to hire people when you don’t know how many people is needed to be successful. To start, you should consider the services and tasks you need completed, and determine which ones are an ideal choice for outsourcing to freelancers or managing with automated software. This will give you an accurate depiction of what work still needs to be done independently.

Break this work down into categories, and determine how many people you need to hire to fulfill each role. Find a job title that matches each position, and write a clear description. When it comes time to hire, you’ll feel more organized and prepared to integrate new team members into your processes.

2. Hire People You’ve Worked with Previously

If you already know talented professionals in your industry, ask them to work with you. It will likely be a faster and easier process if you’re already familiar with your coworkers. They’ll understand you and what you’re trying to do, which cuts down the adjustment and social acclimation period.

Fill as many positions as you can with people that you already know, who’re aware of your business’s mission and the role they’d be filling. Then, if you can’t find any previous coworkers, friends, or classmates to join your team, you’ll have to go the traditional route of hiring people you don’t know.

3. Find Multi-Talented Candidates

As a solopreneur, you’re accustomed to handling every business responsibility on your own. Still, this likely won’t lead to long-term success. Even if you’re entirely capable of managing every aspect of your business, there’s simply not enough time in the day for you to get it all done. Almost no one is a true jack of all trades, and you probably already know what your weaknesses are. Due to this, it can be helpful to hire people that have strengths that are different from your own.

In addition, you should ensure that your potential team members have skills that are radically different from each other. This prevents redundancy and overlap, and it helps your salary budget go further. You won’t be paying two people who essentially offer the same things. Everyone will be different enough to create a diverse and functional picture.

4. Don’t Hire Anyone You’re Unsure Of

One of the biggest fears that most solopreneurs have when establishing a team is that the people they hire won’t be the right fit. Therefore, if you aren’t confident that someone will be able to handle the role, keep looking for the right candidate. It’s the quality of the people you hire rather than the quantity of the people you hire that matters the most – especially when you’re working with the limited budget of a brand-new business.

Take the time to get to know potential hires. Ask them plenty of questions. Find out what their ideas are. Ask them what they would change, innovate, or add. This way, you’ll be confident in all your hiring decisions!

5. Take Time to Onboard New Hires

Most likely, your business will gain momentum over time. For example, you might not want to immediately have all of your employees working full-time to start. Instead, take time to hold a few informational meetings and ensure that all new hires receive thorough training. This means you won’t have to host as many employee meetings later on, and you’ll be able to ensure that employees are prepared to handle their roles.

Although it might take some time and effort to build a solid team, it’s worth the wait. By following the steps featured in this post, you can successfully transition from solopreneur to the leader of a strong business team.

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Alana Downer is a finance and business blogger, working as a part of the team behind Learn to Trade – expert finance educators. Deeply interested in all strategies helping people improve their finances, Alana is often found online, sharing her tips for growing a successful business, investing, and reaching financial independence.