Home
>
Small Business
>
Entrepreneur to Employer

Entrepreneur to Employer

You make the decision to go into business and for some time work from home or in leased premises and your business starts to grow.

Like all businesses you experience growing pains. Cash Flow is sometimes tight, customers come in ebbs and flows but you continue to make progress.

You win a few major contracts and at the back of your mind you realise you need to make some important decisions for the future.

Your hours at work have been steadily increasing and the reason you went into business, lifestyle, more time with the children, sport, or whatever your passion is, these important parts of your life have been dropping off lately and you find yourself getting resentful. Take control!

So how do you make the jump from entrepreneur to employer?

Employing someone in your business for the first time brings with it obligations and responsibilities. It is exciting, has possibilities and can result in considerable reward! Do your planning and sums first before making the leap.

Some responsibilities you need to consider are;

1. Cash Flow
2. Work flow (customers)
3. Business plan and mission. value statement
4. Federal and State employment laws
5. Workplace Health & Safety
6. Insurances
7. Premises (do you need larger premises)
8. Business cards marketing, office supplies
9. Assets and Equipment
10. Your personal stress tolerances

1. Cash Flow
The old adage that 'cash is king' is true.

2. Work Flow
Do you have enough work in the pipeline to fund your business expansion and sufficient work and marketing processes to ensure the work flow continues.

3. Business Plan, Mission & Value Statements
Your business plan should be revisited to ensure that you are working in alignment with your medium to longer term objectives.

4. Federal & State Employment Laws
When you think about employing someone for the first time you must consider the employment laws.

5. Workplace Health & Safety
You must consider workplace health and safety obligations when employing someone.

6. Insurances
Have you considered insurances? Doctors, Dentists, Accountants and other professional bodies have specific requirements. Check these out!

7. Premises
Employing someone may result in your need to source larger premises or make alterations to your existing premises. Do your sums.

8. Business cards marketing, office supplies
Do you need to purchase business cards, new stationary, office supplies and what is the cost?

9. Assets and Equipment
Consider assets and equipment.

10. Your personal stress tolerances
Do not underestimate the personal stress that you may experience as the result of employing someone.

Take advice sooner than later and be encouraged. Many others have trod the same path and succeeded.

Finally employing someone is exciting and while there are challenges there are opportunities. Sales, Profit and more time for you can become a possibility and reality.

Just do your sums and plan your opportunity with eyes open.

Biz Momentum has helped a number of businesses with their transition to employer status. Speak to us today to see what we can do for you! WE can be your one stop shop.

Visit www.biz-momentum.com for other free helpful small business articles. For further information email phil@biz-momentum.com

Philip Lye is Director of Biz Momentum, Brisbane, Australia. He is a Certified Professional Human Resources Advisor and an Accountant. Biz Momentum provides strategic human resource management and employee relations advice to small to medium enterprises assisting them to grow their business. Training, Coaching, Consultation is practical and immediately actionable into your business. Biz Momentum undertakes international work and business coaching. See http://www.biz-momentum.com for more helpful articles or email Philip at http://www.biz-momentum.com for assistance

scheduled maid service Northbrook ..

In The News:

Tech expert Kurt “CyberGuy" Knutsson takes a look at the Mercedes Vision V luxury van and its 65-inch screen, 42 speakers and first-class comfort.

A third-party dental marketing agency's unsecured database exposed millions of patient profiles with personal information that could be exploited for identity theft and insurance fraud.

New York-based Aircela unveils refrigerator-size device that converts air and water into fossil-free gasoline, with initial deployments planned for 2025.

Your home address is easily accessible on people finder sites, putting you at risk for stalking and identity theft, but data removal services can help protect your personal information.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents

Robot combat evolves at Unitree's Iron Fist King event as G1 robots face off in China, featuring knockouts, precise strikes and agile machines that can perform side flips.

Take control of your digital privacy with actionable tips like Facebook privacy checkup, location tracking management and data removal services to protect your personal information.

Smart TVs and streaming devices manufactured in China are being compromised by BadBox 2.0 malware before users even power them on; infections have been detected in 222 countries.

The lightweight, 15-pound Tenniix tennis robot mimics pro playing styles like Nadal and Federer, using AI trained on 8,000 hours of professional tennis data.

Oak Ridge's uranium enrichment facility supports America's AI ambitions amid concerns that China's aggressive nuclear reactor construction could give it an edge in powering data centers.

Facebook scam ads now leverage AI and deepfakes to create convincing celebrity endorsements, targeting specific demographics with sophisticated schemes.

Apple unveils iOS 26, macOS 26 Tahoe and iPadOS 26 with translucent Liquid Glass design at WWDC 2025, featuring ChatGPT integration as competitors advance rapidly.

The Atom Touch prosthetic arm combines an AI neural interface with EMG sensors, allowing amputees to control individual fingers with precision at an affordable $25,000.

Aspen officials aim to have crews on the scene within five minutes — something they say would be nearly impossible without precise location data the AI technology gives.

Tech expert Kurt “CyberGuy" Knutsson says iPads are usually secure, but hackers can access them. Spot warning signs early to protect your data.

Tech expert Kurt Knutsson reveals how to easily move photos and videos off your iPhone or Android to securely protect your favorite moments.

The Social Security Administration is launching digital SSN access this summer. Tech expert Kurt “CyberGuy" Knutsson helps you learn how to use it and protect your identity.

Glide underwater with CudaJet and make the ocean your playground. Kurt “CyberGuy" Knutsson discusses the redesigned tech that might be your next big thrilling adventure.

Protect yourself from login alert scams with five security steps, including avoiding suspicious links, checking account activity and enabling two-factor authentication

Skip the usual Father's Day gifts with personalized ideas for tech enthusiasts, home brewers, pool owners, seniors, outdoor lovers and privacy-conscious dads.

DMV text scam alert: Fraudsters impersonating motor vehicle departments nationwide are sending threatening messages about unpaid tickets and tolls to steal your information.

Fox News' AI Newsletter brings you the latest on this rapidly evolving technology.

E-BAR, MIT's mobile robot, provides physical support for seniors with handlebars that follow from behind, helping prevent falls while maintaining dignity for aging adults.

AI is changing everything – now, we can even use it to generate video. I tried OpenAI's Sora and Google's Veo – here's how they measure up against each other.

Five simple phone setting tweaks that make your device work harder for you, from automatic text message deletion to scheduled focus modes.

Entrepreneur to Employer

Small Business