How to Know When You're Ready to Hire | Books & Backbone

Feeling ready to hire and being financially ready to hire are two completely different things.In this solo episode of Books & Backbone, Donna Harris gives you the specific framework for knowing — from the numbers — whether your business can actually support a new hire before you make the offer.She walks through the true cost of a hire (the salary is the floor, not the cost), the break-even calculation that tells you what your monthly revenue needs to consistently clear with the new hire in place, the 90-day cash flow model that tells you whether you can actually fund the payroll, and the one question that separates a confident hiring decision from an expensive bet on future revenue.She also covers the contractor option — why testing capacity before committing to a full salary is often the right sequence for a growing business — and what to do if the model shows you're not quite ready yet.The numbers know whether you're ready. Make sure you do too before you make the offer.Donna Harris, MBA, MAccCEO, Bookkeeping Made Simple LLCmysimplebookkeeping.com | 801-692-0032