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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Signs an Employee is Not Actually Ready for a Promotion

July 26, 2023 No Comments

Promoting an employee is a big decision, and it’s important to make sure that the person you’re promoting is actually ready for the next level. Fortunately, there are a number of signs that can indicate that an employee is not yet ready for a promotion, even if they’re doing a good job in their current role. Signs an Employee is Not Actually Ready for a Promotion Promotions are an essential part of career growth and employee development within any organization. They serve as recognition for hard work, dedication, and competency in one’s current role. However, not all employees are ready to take a step up, despite their desire for advancement. As an employer, it is crucial to assess each team member carefully to ensure that they are adequately prepared for the increased responsibilities and challenges that come with a higher position. Here are some of the most common signs that an employee is not ready for a promotion: They’re not consistently meeting performance expectations. This is probably the most obvious sign that someone is not ready for a promotion. If they’re not consistently meeting the expectations of their current role, they’re not likely to be successful in a more senior role. They’re not taking on new challenges. If an employee is content to stay in their comfort zone and not take on new challenges, they’re not likely to be ready for a promotion. A promotion means taking on more responsibility and facing new challenges, and if an employee is not up for that, they’re not ready for an upward move. They have difficulty acting as a team player. A promotion often means having more responsibility for managing and motivating other people. If an employee is not a solid team player and doesn’t have the skills to motivate and lead others, they’re not ready for a promotion. They’re not eager to learn new things. The world of work is constantly changing, and in order to be successful, employees need to be willing to learn new things. If an employee is not excited to learn new things, they’re not likely to be successful in a more senior role. They’re not able to handle stress well. Senior roles often come with more stress and responsibility. If an employee is not able to handle stress well, they’re not likely to be successful in a more senior role. If you see any of these signs in an employee, it’s important to have a conversation with them about their readiness for a promotion. Explain to them what you’re seeing and why you don’t think they’re ready for a promotion yet. Help them identify what they need to do to improve their skills and knowledge so that they can be successful in a more senior role. Other Considerations Business Owners Need to Take into Account It’s also important to remember that not everyone is cut out for management. Some people are perfectly happy to stay in their current role and not have more responsibility. If that’s the case, there’s no need to force them into a promotion that they’re not ready for. Promotion is a great way to recognize and reward employees for their hard work. However, it’s important to make sure that the person you’re promoting is really ready to climb up the ladder. By looking for the signs listed above, you can help ensure that your promotions are successful. Now, here are some additional tips for identifying employees who are not yet ready for a promotion: Pay attention to their performance reviews. If an employee has consistently received negative reviews, they’re probably not ready for a promotion. Talk to their manager. Their manager will be able to give you a good sense of their overall performance and whether they’re ready for a promotion. Observe them in action. Pay attention to how they interact with their colleagues, how they handle stress, and how they take on new challenges. Promoting an employee prematurely can be detrimental to both the individual and the organization. Employers must carefully assess each team member’s readiness for a promotion by looking for signs of technical proficiency, effective time management, initiative, teamwork, and the ability to handle current responsibilities. By offering support, training, and guidance to employees who exhibit potential, employers can better prepare them for future roles and foster a more successful and motivated workforce. Interested in learning more about business? Then just visit Waters Business Consulting Group to learn more about us and the services we offer.

Business Succession Pros and Cons

April 15, 2021 No Comments

If you are part of a family business, and don’t have anyone related to pass it onto, you might consider a business succession plan as an option. Business secession is the process of transferring the company over to a new group of owners and/or operators. It could be anyone, from a competitor, to a family friend who’d like to take over the business. Regardless, it means turning over the reins to another person or party. So, it’s best to have a fundamental understanding of the process itself and its net effects. Business Succession Advantages Perhaps the biggest benefit of succession planning is knowing who will continue the business, particularly if you’re concerned about maintaining its good reputation. Additionally, it also motivates employees to do their best, because those with key roles who will run the company in the future will most definitely take their responsibilities seriously. If you were a business owner who was considering putting your company on the market but decided not to sell (or at least not anytime soon), what steps should be you taking now? The goals are to ensure preservation of the current business, as well as provide for an orderly and stable future transition when the proper time to sell arrives. —Kiplinger Yet another advantage of business secession is having peace of mind as to what happens to the company after you retire, or in the event you become disabled or die. (This is not only true for you as the current owner, but also, for your customers.) Plus, it helps to put in place processes that are known quantities, and therefore sets the successors up for a successful future. Business Succession Disadvantages Of course, there are drawbacks to everything, including business succession planning and eventual execution. Here are the three most common downsides of business succession you should know about: Turnover. Not everyone inside the business will receive a key role in the future. That can damage company morale once the plan is revealed to the company at-large. Moreover, it could cause good people to leave for other opportunities. No guarantees. Even if every single aspect is outlined and detailed, this does not guarantee the business will continue to be successful. After all, turning over the management means relinquishing leadership, which opens the possibility of failure. At the very least, a risk the business will suffer instead of flourish. Inappropriate strategy. Perhaps the most disconcerting thing about succession planning is the very real possibility of selecting the wrong people to run the company. Sure, the personnel chosen might well be top-notch producers and good with mentoring others, but might not be up to the challenge of actually running an established company. What else would you add to the pros and cons of business succession planning? Please take a moment to 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.

Should I Sell My Business During the Downturn or Wait until the Economy Rebounds

July 22, 2020 No Comments

If you run a successful business — and have for many years — it’s understandable that during such an uncertain time as there is now, you might consider just getting out. This is particularly true for individuals who’ve enjoyed a good amount of success but just don’t want to go through another cycle that again puts them emotionally through the wringer. However, because of all of that’s going on in the economy, with things largely down, is it best to sell now or wait until the economy recovers? The Downsides of Selling During a Recession That’s really the million-dollar question. Of course, a recession will naturally be a more tough environment in which to sell. There will be fewer buyers available as small business credit tightens and even larger organizations avoid potential risk. So, you’ll probably find it a bit challenging to find a suitable buyer. The Great Recession ended in 2009 and impacted the lives of many. Now as the economy appears to be headed into another downturn, it’s a good time to review how to take advantage of the recession instead of letting it take advantage of you. —Investopedia Then, there’s another fairly obvious factor — will your business bring the amount you expect? Put another way, can you sell it for the same amount or near the same amount you would be able to during normal economic times? Also, how do you effectively market your business in order to attract the right type of buyer? (This is where an experienced business consultant/coach would come in very handy.) The Advantages of Selling During a Recession Conversely, there are some distinct advantages to selling during an economic downturn. Here are some benefits you should know about: You might be able to leverage a slight discount. Okay, so that’s probably not what you want to hear, but this doesn’t mean giving your company away for an undervalued, low-ball price. What it does mean is being able to attract qualified buyers with the promise of a fair deal. By taking this approach, you may be able to sell it faster and move on to something else, or perhaps retire, in a shorter period of time. You can separate out time-wasters from serious buyers. This is something just about any business that’s for sale encounters. People who talk a good game but never really follow through and actually take action. On the flip side, serious buyers will understand the overall economic circumstances. Therefore, they’ll be more sincere and eager to get the deal done. In other words, they’ll likely have their ducks in a row and be ready to proceed because they’re serious. Remember that you’re in control. Very few business owners who decide to sell are completely comfortable with their decision. The majority will second-guess themselves over and over again, even after they go through with a transaction. The bottom line is, if you are able to get a fair price, it’s probably not worth risking waiting any longer, because the economic environment could worsen and that will most definitely hurt your chances of selling. What other advice do you have? Please take a moment to share your thoughts and experiences by commenting and giving others valuable feedback! Interested in learning more about business? Then just visit Waters Business Consulting Group.