014: Counting The Labor Costs Of Acquiring More Sales
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Balancing growth and the need to have a team is a very challenging thing to be had for any business owner who’s looking to scale their business.
And one of the most expensive things you can do is hiring the wrong person or hiring at the wrong time.
Today, we’re going to dive into counting the labor cost of acquiring more sales.
Labor cost is an important conversation because you’re going to need a team if you’re planning on growing a business.
But having a great team just doesn’t happen by accident.
In this episode, you will hear:
- The common pitfalls of hiring a team
- Why you need to build a team slowly and how to do it right
- How much to allocate to your operating expenses
- Financial benchmarks to think about
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