#522 The Secrets To Scaling Your Business

Main Street Business

Join Mark J. Kohler and Mat Sorensen in this episode of the Main Street Business Podcast as they guide you through effective business scaling techniques. Learn about the strategic hiring of an executive assistant, the importance of establishing SOPs, how to manage onboarding and compliance to safeguard your expansion.

Here are some of the highlights:

• Mark and Mat break down the significance of hiring an executive assistant first and foremost.
• Interviewing at least three candidates before making a decision.
• Be clear about expectations and work schedule right from the start.
• Using a payroll service like ADP for tax and legal compliance.
• How to calculate the potential increase in revenue from freed-up time
• Spending time training and introducing the employee to the business.
• Documenting standard operating procedures (SOPs) for each task.
• Always be prepared to cut ties if the employee isn't working out within 90 days.

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Capitoli

1. Scaling Your Business With Key Employees (00:00:00)

2. Hiring and Scaling Your Business (00:06:07)

3. Setting Expectations for First Employees (00:16:22)

4. Establishing Employee Expectations and Onboarding (00:22:18)

5. Employee Classification and Insurance Considerations (00:31:07)

6. Navigating Employee Termination and Financial Steps (00:37:41)