Business Education

Want to Grow Your One-Man Show into Big Business? Then Follow George Washington’s Example

In 1775, the Continentals were planning to exit royal crown rule, but needed a leader. They were looking for someone with experience and who commanded great respect. Among the many meetings, one individual stood out among the rest. Towering above his contemporaries at 6 feet 2 inches, weighing 200+ pounds, was an impressive figure who always wore a military uniform to such patriot gatherings. It was a not-so-subtle way to convince the colonial leaders he’d be a perfect fit.

But when named the General of the Continental Army, George Washington quickly realized that almost all of his troops lacked military experience. In fact, very few had any military experience whatsoever. So, he had to train them, starting with the basics: how to march in formation, how to pitch a tent, how to dig holes for latrines, how to load and clean their weapons. In other words, every single skill a soldier needed.

This is a great example of how today’s solopreneurs can grow their businesses by enlisting the help of industry outsiders and training them in detail.

How Solo Business Owners Can Grow by Hiring and Training Inexperienced Talent

As a solo business owner, scaling your company can feel daunting, especially when resources are tight. Hiring experienced professionals might seem ideal, but their salaries and expectations can strain a small business. Instead, hiring and training people with little industry experience can be a cost-effective, sustainable way to grow. This approach not only builds a loyal, tailored workforce but also fosters a culture aligned with your vision. Here’s how to do it in just five steps.

Why Hire Inexperienced Talent?

Inexperienced hires, such as recent graduates or career switchers, often come with lower salary expectations than seasoned professionals. According to the U.S. Bureau of Labor Statistics, entry-level workers earn about 20-30% less than their experienced counterparts, freeing up capital for other growth initiatives.

These candidates are typically eager to learn, adaptable, and less set in industry-specific habits, making them ideal for molding into roles that fit your business’s unique needs. Plus, investing in their growth can foster loyalty, reducing turnover—a costly issue for small businesses, with replacement costs averaging $4,700 per employee, per the Society for Human Resource Management.

Step 1: Identify the Right Candidates

Hiring inexperienced doesn’t mean hiring unqualified. Look for candidates with transferable skills, a strong work ethic, and enthusiasm for your industry. For example, a retail business owner might prioritize candidates with customer service experience, even from unrelated fields like hospitality. Use job platforms like Indeed or LinkedIn, but also tap local resources—community colleges, job fairs, or social media groups. Craft clear job descriptions emphasizing growth potential over prior experience. During interviews, ask behavioral questions like, “Tell me about a time you learned a new skill quickly,” to gauge learning agility.

Step 2: Design a Scalable Training Program

A structured training program is critical to turning novices into assets. Start by documenting your business’s core processes—sales, customer service, inventory management, or whatever drives your operations. Break these into bite-sized modules to avoid overwhelming new hires. For instance, a solo bakery owner might create a week-long onboarding plan: Day 1 for hygiene protocols, Days 2-3 for basic baking techniques, and Days 4-5 for customer interactions.

Leverage free or low-cost tools to streamline training. Platforms like Google Classroom or Trello can organize materials, while YouTube tutorials or industry-specific online courses (e.g., Coursera) can supplement hands-on learning. Pair new hires with yourself or a trusted employee for shadowing, ensuring they learn by doing. Regular check-ins during the first 90 days help address gaps and build confidence.

Step 3: Foster a Growth-Oriented Culture

Inexperienced hires thrive in environments that encourage learning and experimentation. Set clear expectations but allow room for mistakes as part of the growth process. For example, a marketing agency owner might let a new hire draft social media posts, providing constructive feedback rather than demanding perfection. Recognize small wins—public praise or a $50 gift card can go a long way. Data from Gallup shows that employees who feel recognized are 20% more engaged, boosting productivity and retention.

Encourage ongoing learning by offering access to affordable resources, like industry webinars or local workshops. A solo business owner in tech, for instance, could provide a Udemy subscription ($20-$50/month) to help a new hire master coding basics. This investment signals commitment to their development, increasing loyalty.

Step 4: Delegate and Scale

As your team gains competence, delegate tasks to free up your time for strategic growth—marketing, partnerships, or new revenue streams. Start with low-risk responsibilities, like handling customer inquiries, before entrusting bigger roles, such as managing inventory. Use tools like Asana or Slack to track progress and maintain communication. A 2023 study by McKinsey found that effective delegation can increase small business revenue by up to 15% by allowing owners to focus on high-impact activities.

Step 5: Overcome Challenges

Hiring inexperienced talent isn’t without hurdles. Training takes time, and early mistakes can frustrate busy owners. Mitigate this by setting realistic timelines—expect 3-6 months for full proficiency. If a hire struggles, assess whether it’s a training gap or a poor fit. High turnover early on can signal unclear expectations or inadequate support, so refine your process as needed.

Want to Accomplish More?

Do you want your company to grow faster and earn more while spending more time with your family doing everything you started your business to do?

We can make that dream a reality. Give us 30 minutes, and we will show you how to get your life back. Skeptical? Good! Put us to the test.

You can call us for your free appointment at 480-636-1720, or, if you prefer, Waters Business Consulting Group to learn more about us and the services we offer.

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Don’t Let Sears JCPenney Ruin Your Retail Shop Dreams

May 23, 2017 No Comments

“Retail Apocalypse: Why JC Penney Will Survive; Sears Holdings Won’t,” exclaims a Motley Fool headline. ” J.C. Penney May Have No Other Choice but to Aggressively Close,” a headline in TheStreet.com predicts. “With Macy’s, Sears, Kohl’s Sliding, Can Mom and Pops Survive?” an NBC News headline asks. So, what’s really going on and why are these legacy retailers in such trouble? You can read for hours and come to different conclusions. But the underlying question is: can your retail store dreams still come true? The answer is: Yes. How to Start a Successful Retail Business The hyperbole of a “retail apocalypse” is a practice in the old journalism cliché, “If it bleeds, it leads.” Shocking headlines do get attention and these might even make you think there’s no point in starting a retail business. But, this simply isn’t the case. The problem these icons face began many, many years ago. And, with a bit of can-do attitude, you can start your own retail business. (Even if you have bad credit, you can be a retail entrepreneur.) ‘Main Street’ has now become a generic term synonymous with U.S. small business in general. But for many entrepreneurs, the prospect of joining Main Street in its more literal meaning – i.e. the primary retail street of a village or town – still holds an enormous amount of appeal as a business venture. Given the right amount of market research, business planning, and financial support, starting a retail business (and joining the more than 24 million people who earn a living this way) can offer many rewards to the right kind of entrepreneur. — U.S. Small Business Administration The trick is not to fall into a front-loaded trap. That means, taking on a lot of new debt to get it up and running. Incremental growth works every time because it greatly reduces risk. It also allows you to seriously cut down on the inevitable learning curve. Plus, starting small gives you a prime opportunity to identify trends. All of these are a huge help. You’ll come across different ways to grow and to save money in your venture, such as small business tax savings, and plenty more. You can build a thriving retail company, even if you’re the only employee. Here are some helpful tips for how to start a successful retail business: Find a solid niche. Think about the success of Etsy, Pinterest, Shopify, and other platforms. All of these have a common denominator — niche products and services. Whatever your passion is, chances are excellent you can turn a fun-loving hobby into a profitable business. Start by searching for like products or services and take note of their marketing techniques. Test the online market. When you have a solid idea of what others are doing, it’s time to step into the business yourself. The good news is, you don’t have to open an actual store in a shopping mall or in a retail strip. You can begin selling online in your spare time. Be sure to spread the word through social media. And, check out local events to test the market in your own area. Grow its sales incrementally. The one problem you really need to avoid is to allow it to grow past your ability to meet demand. That means managing expectations right from the beginning. Ask yourself how much you can handle on your own. In other words, ask yourself, “How many of these can I produce in a given timeframe?” Then, extrapolate from there to learn how to handle more and more orders. Go find your Customer. In most retail businesses, their marketing model is to wait for customers to find them and their products. Instead, identify your target customer and go to them in the beginning so that you can get early traction and sales. Be more reliant on your ability to generate sales rather than dependent on waiting for sales. Consider opening a brick-and-mortar. At some point, you might seriously consider opening a brick-and-mortar location. But this is where you need to be most cautious. Plenty of retail businesses who do well without a brick-and-mortar location open a shop only to be overwhelmed by the new operating costs. However, this doesn’t mean it isn’t an option, just be realistic about the projected revenue and expenses. Have you established a successful retail business? What tips and tricks do you use for you retail company? Please share your own thoughts and experiences by commenting! Interested in learning more about business? Then just visit Waters Business Consulting Group. [shareaholic app=”follow_buttons” id=”26833294″]

The T-Mobile-Sprint Merger Raises these Important Questions

May 9, 2018 No Comments

The T-Mobile-Sprint merger is generating a plethora of headlines. Some think it’s a bad idea. Others believe it will provide certain benefits. Still others don’t see a clear winner. Regardless of where you stand, it does raise a few interesting questions. We all understand what a merger is — the combining of two entities into one. But, there’s a lot more to it than just this simple explanation. The truth is, there are distinct advantages and disadvantages of merging two organizations. Common Merger Disadvantages Let’s begin with one of the most obvious pain points — employee morale. The reason two brands come together is to improve their performance. However, this often means the elimination of duplicate roles. And, rank-and-file employees instinctively know this fact. Another downside to merging is that it can create more debt. Teaming up means taking on the balance sheet obligations, which can easily become problematic. …making changes to your business include the economic and political climate in which you operate. Determine whether tax or trade laws in your region are friendly toward the types of modifications you want to make. You may come to the conclusion that now is a good time to move forward with the desired alterations or you may elect to wait for circumstances to change in your favor. —Bix Fluent.com Then, there’s another intangible — company cultures. One organization might operate with a completely different dynamic than the other. Which might manifest trouble when the two become one entity. Of course, merging means the essential elimination of the top decision maker. Instead, there are at least a few people on either side of the aisle. Biggest Merger Advantages Now, let’s take a look at the upsides of merging. The point of coming together is to improve the performance and ensure a better future for both companies. Here are the top merger advantages: Improved efficiency. We’ve already partially mentioned this but here’s the other side of eliminating redundant positions — increased efficiency. A merger can provide a new environment to improve efficiency on many levels. New territories. When two companies come together, it’s likely that one (or both) parties will benefit from the introduction of new territories. It’s a way to tap into market share without undergoing the growing pains. Cost-effective expansion. Speaking of growing pains, a merge creates an opportunity to expand without all the normal hassles. It allows for the identification of the best assets, which means increased productivity. Multiple growth opportunities. Two previously competing businesses combined as one opens up a number of growth opportunities. Instead of working to beat one another, they now work in unison toward one or more goals. What other consideration would you factor into such a decision? What experiences have you had in this scenario? Please feel free to share your thoughts by leaving a comment! Interested in learning more about business? Then just visit Waters Business Consulting Group.

My Best Employee Plans to Leave in the New Year, What can I Do?

December 16, 2021 No Comments

The Great Resignation continues to unfold. At least, that’s what’s it’s been dubbed in the press to describe the phenomenon of a mass departure, largely regarded as due to the global pandemic shutdowns which caused a huge number of workers to rethink their career paths. So, an unprecedented amount of employees are leaving their current (or previous) positions, seeking out other opportunities. Couple this with the impending New Year and it makes for a particularly precarious employment environment. That means it’s quite possible, you’ll find yourself facing the same situation. Fortunately, there are preventative steps you can take to keep your best employee on board. Biggest Mistakes to Avoid Obviously, this will stir a number of negative feelings. You’ll likely feel angry, betrayed, baffled, and perhaps sad. These negative emotions cause people to act out in rash, impulsive ways. So, be sure to keep your emotions in check, which is to say in perspective, proportionate to the reality of the situation. If necessary, take a few minutes to step away from everything and allow yourself time to relax and clear your mind. When your right-hand person or a rising rock star in your business tells you they’re about to leave, it can be an emotional experience, says Rich Reinecke, co-managing partner of business consulting firm Fahrenheit Advisors. ‘It can be very emotional, initially. Sometimes you’re angry. Sometimes you’re scared,’ he says. But what you do next can have serious repercussions for your business. —Fast Company.com If you don’t act in a rational manner, proportionate to the circumstances, you will come unglued and that’s not helpful to anyone. Instead, keep your composure and act in your own best interest so you don’t hurt your chances of keeping your best employee from leaving. After all, he or she made this decision based on a number of factors and there’s probably a good reason why he or she came to this conclusion. 3 Effective Employee Retention Strategies If your best employee tells you that he or she is leaving next year, you obviously don’t have much time to change his or her mind. However, that doesn’t mean their exit is inevitable. You might be able to get him or her to stay. Here are a few effective employee retention strategies you can use: Have a meaningful conversation. Although money usually plays a significant role, more compensation isn’t always the driving force. There are instances when employees make completely lateral moves from one company to another and pay isn’t a factor. Of course, you’ll probably assume he or she will be paid more, but don’t convince yourself that’s the only reason. Take some time to have a one-on-one conversation and listen carefully to what he or she has to say. You might just find out there are other reasons for their decision to go and you can address those issues one by one. Show your sincere appreciation. Perhaps your right hand is choosing to leave because they feel they have hit a ceiling and are stuck. This is a very common rationalization people use in order to convince themselves to leave their current positions. After you’ve spoken with him or her, be sure to take immediate action to show your appreciation. This can include but isn’t limited to: giving them more say about what’s going on, promoting the individual, or offering a few more persuasive perks. Increase his or her financial incentive. obviously, money talks. And, if the main reason he or she is considering leaving, simply offer to match their new compensation package. If this strategy isn’t feasible right now, you can always do things like extra paid time off, or incremental, scheduled pay raises, or even offering more benefits. What other methods would you suggest using to keep a key employee from leaving? Please share your thoughts and experiences so others can benefit from your unique perspective! Interested in learning more about business? Then just visit Waters Business Consulting Group.