Building in excess capacity to your business
When I had no associates working with me in my firm, I had hit the wall. I just couldn't push out any more work. I was maxed out even though there was more business to be had in my marketplace. Creating excess capacity through technological changes or adding additional personnel is a tough decision to make. Once you make the jump, you can't just fill the excess capacity overnight. It still takes time to add new business.
I worried quite a bit before I started adding personnel. Would I be able to pay them if business remained the same? Would we be able to work together or would there be a clash of personalities. What if I didn't hire the right person and needed to make a change?
Ultimately, you need to decide if you want to grow or not. Creating excess capacity allows your business to grow. Still, making that first step is scary but then again, life is scary. With risk comes rewards.
I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more. We offer a free initial visit and look forward to serving your business needs.
Richard J. Garcia | 01/18/2012