Two months ago, I decided that it had come to that time when I could not continue to cope with the workload and business administration on my own. I would have to bite the bullet and hire my first member of staff. When I say 'it's come to that time', what I really mean is that I should have hired somebody 3 months before, because it had been a struggle to meet my deadlines and keep all of my clients 100% happy.
The reason I was so averse to taking on an employee was because everytime I thought about paying them, I immediately assumed that would mean eating into the, already small, profits in the business. I can see now that this was the wrong approach and that you have to believe that an employee will contribute to your profits rather than reduce them.
As I already run around a dozen company payrolls for my existing clients, completing the monthly payslips has been easy and surprisingly - paying my employee has been okay too.
The interesting thing is that by having an employee it has really focused my mind on things like chasing debtors and invoicing targets. By controlling these factors means that my cashflow has been greatly improved.
My advice to anybody that thinks they could do with another pair of hands is to do so immediately, because if you're thinking about it you're probably where I was 5-6 months ago, and it's a dark place, so take action now...and believe in your business!