You, the Owner-Operator

Knowing When to Get Help

Signs it's time to hire a bookkeeper, VA, coach or first employee.

Notes from Randall Harper. Thirty years working alongside owner-operators, executives and boards — companies of all types and sizes — across entertainment & media, hospitality, service based business, lifestyle businesses, financial services, retail and not-for-profit, in Australia, Asia, the United Kingdom and the United States. What follows is the thinking I keep returning to.

The cost of doing it all yourself

Owner-operators often resist getting help long past the point where it would obviously pay back. The instinct is understandable — every dollar spent on help is a dollar of margin given up, and the business has survived this far without it. The mistake is in the maths. The hours you spend on work someone else could do for less than your hourly rate are hours not spent on the work only you can do. The cumulative cost of doing it all yourself is almost always larger than the cost of getting help.

The signs you need help

  • Working consistently more than 50 hours a week and not catching up.
  • Important things falling through the cracks regularly.
  • Doing work you actively dislike that someone else would happily do.
  • Avoiding work you should be doing because you are too busy with work you shouldn't be.
  • Hourly rate effectively dropping because you are doing $30-an-hour work.
  • Personal life or health visibly suffering.

The order to hire in

For most owner-operators, the first help is a bookkeeper — four to eight hours a month, $300 to $700, reclaiming dozens of owner hours and producing cleaner books. Second is a virtual assistant for admin, follow-up, and scheduling. Third is a coach or mentor for the strategic conversations. Fourth is the first employee in the work itself. The order matters; hiring a first employee while the books are still a mess just creates a more complicated mess.

Start small, build trust

Don't hire ten hours a week of help if four would do. Start small, see how the relationship works, expand as trust builds. The early hours are partly about getting work done and partly about figuring out what the right scope of the relationship should be. Owners who try to outsource everything at once usually end up either disappointed or overwhelmed by management overhead.

Hiring help is a strategic act

Every time you hire help, you are buying back time and creating capacity. The relevant question is not 'can I afford to hire someone?' but 'what am I going to do with the time hiring them frees up?'. If the answer is 'higher-value work that produces more than the cost of the hire', the decision is easy. If the answer is unclear, that is the conversation worth having before the hire — not after.

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The contents of this paper are the opinion of Clear Point Advisory only. Readers should rely on their own judgement and obtain professional advice appropriate to their circumstances.

Clear Point Advisory · Randall Harper · randall@clearpointcollective.com.au · 0402 416 266
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