Join us at the Quaboag Hills Chamber of Commerce for this very enlightening Workshop.
Most self-employed entrepreneurs reach a point when, even with the help of freelancers or outside contractors, they have more business than they can handle. At this stage, the only way to keep growing—and growing more profitable—is to hire employees.
Just because you have a lot of customers doesn’t mean you have enough cash flow to hire. Cash flow refers to the timing of when your business expenses hit vs. when your receivables come in. Poor cash flow is the number one reason new businesses fail. Even if you’re doing well on paper, poor cash flow can make it difficult to afford an employee.