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4 People That All New Businesses Need To Hire.

April 30, 2020 by  
Filed under Money/Business, Tech/Internet, Weekly Columns

( Hiring the first employees for your business is a big step. When you first start out, it is likely that you will handle things on your own until you start bringing in enough revenue to expand. Once you reach a point where you can no longer handle the workload on your own, it’s time to start looking for some employees. 

Hiring the right people can propel your business forward and help you to achieve success, but hiring the wrong people can be disastrous. Before you start hiring, it is important to ask yourself these questions, so you can get an idea of what you should be looking for in a candidate. Next, you need to think about who you need to hire and what positions you need to fill, and that’s where a lot of new business owners get stuck. These are the first 4 people that all new businesses need to hire. 


It is assumed that the founders of the business will take on the role of CEO and COO, but if you can afford it, you should always hire a CFO (chief financial officer). While you may have a great product idea and a passion for marketing, you can’t make a business work unless you can manage your money properly. A lot of new businesses outsource their accounting and that is an option, but if possible, you should hire an experienced CFO to handle the financial side of things for you. If you find you don’t need a full-time CFO but are out of your depth with the more complex financials, you may want to enlist in professional CFO Services from a company like Lucrum Consulting or similar. This can really help to take the pressure off and leaves you free to concentrate on other important matters. 

An IT Team 

Technology is the driving force behind growth in many businesses, and if you are not taking full advantage of the tools at your disposal, you will soon fall behind. That’s why it’s important that you hire an IT team to manage the implementation of new technology in your business. Cybersecurity is also a major concern for all new businesses (follow this link to read more about the dangers). Your IT team will be able to put security measures in place and perform routine maintenance to protect you against online attacks. 

Product Manager 

At the start of a new business, you will be working closely with the product and marketing it. But as the business grows, you need to change your role and start thinking about the bigger picture. Designing and developing new products may be what got you into the business in the first place, but now your job is to decide on the future direction of the company, which is why you need to hire a product manager. They will work closely with you to manage product development and vision, so you still have an active role, but they can keep things ticking over day to day. 

Sales Manager 

Sales is an art form, but many new business owners consider it something that they can handle on their own. However, if you want your business to grow, you need to hire a professional sales manager to run your sales team. They will be able to implement a clear strategy to drive sales and increase revenue. 

These are the most important positions that you need to fill when you first start hiring employees for your business. 

Staff Writer; Paul Johnson

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