I think it's awesome how you referenced having written copy for your job descriptions. To new business owners, what your company _is_ is what you write. Part of what I teach to new business owners is that converting what you learn into written processes is essential!
Loved the video. You guys are great, I look forward to seeing more of your videos. I am helping my boss build our medical practice literally from the ground up. He does not want to hire an outside company to do our payroll at this point, because I am the only employee as of now. So I came across your video, while researching how to run your own payroll. Which by the way I haven't found yet. Anyway, keep up the great videos!
I love the video, quick question if you need to grow sales, would you consider hiring a salesperson commission based? If so, at what point would you do it?
This is an awesome question. I was actually just speaking with a friend who has been in sales for over 20 years and I mentioned to her that I was thinking about hiring a salesperson 100% commission to do lead generating and I would still be on the sales calls. She said to me that 100% commission is very common, but asked me why I wanted to do the sales calls. I told her that because I know my business best. She said something in return that I never thought of...she said that if she were to see a job posting where she would not be doing the sales calls, she would not be interested!!! I never thought of it that way! Just because I'm not the greatest at sales and am not too fond of sales, I thought that no one would want to do the "dreaded" sales calls!!! She corrected me and said that sales people live for the calls and look forward to them. So if you are thinking about hiring a salesperson, keep that in mind! Hope that helps :)
I love the mindset step and I have two uncles who have made mistakes in trying to do everything themselves for too long. It seems like a tough step if you're in the daily grind. With it as my side income I think I have a level of understanding that I can't possibly make this work by myself and scale. Especially with a 1 year old getting ready to walk haha
Yeah I’ve been there multiple times early on in each of my companies where hiring someone took every $1 the business had but I knew I didn’t want to be a one man show. The cool thing in talking with my dad is that one of my ventures alone has more than 10xd his best year ever. I probably wouldn’t have taken the leap if I didn’t watch what happens first hand when you don’t.
As a business owner who is putting in the hours to grow and can't afford to waste time figuring all the things involved with hiring because it's not really your strong suit. Are there any companies who take care of all the paperwork and legal aspects?
I would love to hear a video about when you should hire someone. I also wonder if I should do this if I'm still working full time. I'm about to get a management promotion that is going to be hard to leave until I'm making 200k+ in side income and although I want to jump in I know its something I will regret without doing what ever I can to save my time first. Leaving a secure and promising career isn't something I want to do without making every effort to continue it and my side hustle. I want to hire someone the moment I know I've built sustainable and repeatable business. I don't know how I could manage them without being full time
At the beginning on a trial base is it wise to 1099 an employee to make sure this is exactly what they want to be doing b4 having them to fill out w-2??
In my book no. That's not the purpose of a 1099 and if it "doesn't work out" they're more likely to have a leg to stand on to add some stress to your life
Tools that we use as recommended in this video: Gusto. Gusto is what I personally use for payroll in one of my companies. You can check them out here: gusto.com/r/ryan18620 You get a $100 gift card if you end up using them! ^ Wizehire is the tool that we utilize to get our jobs out in front of applicants. You can check them out here: wizehire.com/ref?r=justin1437001 If you use that link you get $100 and so does Justin. Please note these are both affiliate links which means that we earn a small commission if you utilize them. Be sure to like the video and subscribe for more down to earth content! ua-cam.com/users/RyanDossey
![Hiring Your First Employee? [Here's 5 rules]](http://i.ytimg.com/vi/6ZCMow9ygnY/mqdefault.jpg)
I think it's awesome how you referenced having written copy for your job descriptions. To new business owners, what your company _is_ is what you write. Part of what I teach to new business owners is that converting what you learn into written processes is essential!
Thanks for sharing Dave.
Thanks for the tips. As a new business owner it’s helpful to have these videos to reference
We havne't done a ton of these style "basics of business" videos but maybe we should do more of them!
good stuff. and talking with your hands is a strong nonverbal communicant for likeability and for teaching.
Thanks I'm glad you enjoyed the video!
Thanks Ryan! Keep it coming :)
Thanks guys! Happy Friday
Excellent video with great advice! Keep em coming!
Thanks Matt!
I miss you Kieth 😂😂😂😂😂😂😂
thanks for the tips guys, this was exactly what I was looking for!
Any time!
Supper helpful video.
Would love if you could include time stamps because I like to go back and take notes.
Great advice! Side note, are you recording in LOG and using a LUT? It would be super helpful to know. Thanks!
I'll ask my videographer. This was shot on a C500 Mk2 and an R5. We just swapped over to Red (nothing that we've released yet)
Paperwork!!!
Thank you so much
Loved the video. You guys are great, I look forward to seeing more of your videos. I am helping my boss build our medical practice literally from the ground up. He does not want to hire an outside company to do our payroll at this point, because I am the only employee as of now. So I came across your video, while researching how to run your own payroll. Which by the way I haven't found yet. Anyway, keep up the great videos!
This one was quite good.
Thanks! Firing one dropping next week. 😬
I don’t know why, but when you said kinks after the nude photos story, I couldnt stop laughing. 😂
Happy to provide some entertainment lol
I love the video, quick question if you need to grow sales, would you consider hiring a salesperson commission based? If so, at what point would you do it?
I’ve always done sales for my own companies until it justified a near full time employee. Now I have sales guys in all of my companies.
This is an awesome question. I was actually just speaking with a friend who has been in sales for over 20 years and I mentioned to her that I was thinking about hiring a salesperson 100% commission to do lead generating and I would still be on the sales calls. She said to me that 100% commission is very common, but asked me why I wanted to do the sales calls. I told her that because I know my business best. She said something in return that I never thought of...she said that if she were to see a job posting where she would not be doing the sales calls, she would not be interested!!! I never thought of it that way! Just because I'm not the greatest at sales and am not too fond of sales, I thought that no one would want to do the "dreaded" sales calls!!! She corrected me and said that sales people live for the calls and look forward to them. So if you are thinking about hiring a salesperson, keep that in mind! Hope that helps :)
As usual, excellent, and relevant content. Can't wait to see the 1099 take.
Most folks 1099 ing their W2 employees aren't gonna be thrilled lol.
I love the mindset step and I have two uncles who have made mistakes in trying to do everything themselves for too long. It seems like a tough step if you're in the daily grind. With it as my side income I think I have a level of understanding that I can't possibly make this work by myself and scale. Especially with a 1 year old getting ready to walk haha
Yeah I’ve been there multiple times early on in each of my companies where hiring someone took every $1 the business had but I knew I didn’t want to be a one man show. The cool thing in talking with my dad is that one of my ventures alone has more than 10xd his best year ever. I probably wouldn’t have taken the leap if I didn’t watch what happens first hand when you don’t.
As a business owner who is putting in the hours to grow and can't afford to waste time figuring all the things involved with hiring because it's not really your strong suit. Are there any companies who take care of all the paperwork and legal aspects?
THIS!
Have you added the video on 1099 vs w2 employee?
I would love to hear a video about when you should hire someone. I also wonder if I should do this if I'm still working full time. I'm about to get a management promotion that is going to be hard to leave until I'm making 200k+ in side income and although I want to jump in I know its something I will regret without doing what ever I can to save my time first. Leaving a secure and promising career isn't something I want to do without making every effort to continue it and my side hustle. I want to hire someone the moment I know I've built sustainable and repeatable business. I don't know how I could manage them without being full time
Honestly I tell most investors to hire once they have consistent lead flow to keep an acquisitions manager busy
At the beginning on a trial base is it wise to 1099 an employee to make sure this is exactly what they want to be doing b4 having them to fill out w-2??
In my book no. That's not the purpose of a 1099 and if it "doesn't work out" they're more likely to have a leg to stand on to add some stress to your life
Interesting!
I'm glad you enjoyed it.
14:18
You're welcome
What if you have VAs out of the Philippines, do you still need forms with the state?
Sorry?
Tools that we use as recommended in this video:
Gusto. Gusto is what I personally use for payroll in one of my companies.
You can check them out here: gusto.com/r/ryan18620
You get a $100 gift card if you end up using them! ^
Wizehire is the tool that we utilize to get our jobs out in front of applicants. You can check them out here: wizehire.com/ref?r=justin1437001
If you use that link you get $100 and so does Justin.
Please note these are both affiliate links which means that we earn a small commission if you utilize them.
Be sure to like the video and subscribe for more down to earth content! ua-cam.com/users/RyanDossey
Nudes story was 🤣🤣🤣
Definitely not an employee we will forget 🤣