))
66. How Much Team Do You Really Need? Metrics, Scaling, and Smart Hiring
Manage episode 482892548 series 3562776
Content provided by Evandigital Content and The Collab Team. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Evandigital Content and The Collab Team or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
SUMMARY:
In this episode, Aaron and Terryn tackle the critical question: How many team members do you really need? They dive into the challenges of hiring and scaling, emphasizing the importance of metrics over gut decisions. Key insights include maintaining labor percentages (10-12% for online businesses, 18-22% for brick-and-mortar), inventorying team time with tools like the Gap Analyzer (available at gapanalyzer.com), and planning methodically for growth to avoid over-hiring. The hosts stress tracking labor costs, consolidating roles where possible, and ensuring your team aligns with your vision for scaling, all while sharing practical examples from their work with 7-, 8-, and 9-figure entrepreneurs. Terryn and Aaron wrap up with actionable takeaways: get clear on your profit and loss metrics, use data-driven tools to assess team efficiency, and plan for growth with precise resource projections. Listeners are encouraged to reach out on social media for industry-specific advice or free resources, making this episode a must-listen for entrepreneurs looking to optimize their workforce and scale smartly. Minute by Minute:0:00 Introduction
4:42 The two different ways you can hemorrhage money because of your team
8:28 Should contractors be part of your labor percentage?
15:28 When you’re in massive growth mode
18:02 Recap
67 episodes
Share
