Kinsley misses the mark. He’s right, every employee can potentially bring in more income. But every employee is also a potential liability to a small business owner in that he has to manage more people (more paperwork and red tape, mor time invested to ensure they ARE making money for the business). Which means less available time to actually do work or go out and solicit new business. It’s a Catch 22.
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I can well attest to this, when I started my own small business I was advised by more experienced people not to get caught in the trap of having three or four employees. I was told to either do everything myself (with maybe one part time office worker) or go big. In between, I was told, lay the road to working long hours with little to show for it. I, of course, disregarded all that advice and wound up with three employees, at which point I started downsizing until I wound up going back to a home office and doing it all myself with my wife as bookkeeper and secretary. Some businesses are different but I was in a very technically demanding one and training people to do what I did was just not vey practical.
Exactly. There is a ‘dead zone’ of number of employees that is lethal for a small busineses. All you end up doing is babysitting and running yourself into the ground .... and not making enough extra money to make it worthwhile