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Operating Your Small Business

1/27/2011
Seth Kramer
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Starting a New Maryland Business? When Should You Hire?

Many new Maryland business owners start off with little more than a great idea and lots of effort.  Infrequently do they have the financial resources to hire employees.  But at some point, additional people - either partners or employees - are necessary in order for the new business to grow.  When should the new business owner hire help?

You need to place a value on your time.  A good rule of thumb is that it is appropriate to hire when you are spending so much time on growing and administering the company - through marketing, administrative duties, etc. - that you no longer are doing the actual business of the company.

As a recent Wall Street Journal article explains, the choice of when to hire does not need to be an all or nothing proposition.  Indeed, bringing on help in a part-time or project-based role is often the most prudent course of action. 

Labels: Hiring for New Maryland Businesses


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Rockville, MD 20850

Maryland Small Business Lawyers
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The Kramer Law Firm LLC represents small business clients throughout Washington, D.C. and Montgomery and Prince George's Counties in Maryland, including the communities of Bethesda, Bowie, Chevy Chase, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Spring and all of the surrounding areas.

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