Episode 19

Employee or Subcontractor: who should you hire?

Published on: 11th April, 2024

You're looking to grow your team! But who do you bring on? An employee? A subcontractor? Which makes the most sense for you and your business?

These are the questions we bring to the table for this week's episode.

Takeaways:

  • Having a support team of professionals such as attorneys, insurance brokers, mentors, and bookkeepers is crucial for small business owners.
  • Clear communication and goal-setting are essential when working with subcontractors.
  • Subcontractors can bring flexibility and nimbleness to a business, allowing for quick decision-making and responsiveness.
  • Subcontractors are not just a stepping stone to hiring employees; they can be a long-term solution for business growth.
  • Business owners should consult with advisors, analyze their financials, and consider their specific needs before deciding whether to hire employees or subcontractors.

Music credit: The Funkster by Sweet Spot

An Expound Media Group Production

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About the Podcast

Eavesdrop on Us
Less how-to's. More real business conversations!
The honest business podcast YOU NEED IN YOUR LIFE!
We talk about what it's really like to be in business: the good, the frustrating, the "am I the only one going through this?!" kind of topics.

You're in the right place if you're looking for less "how to's" and more real conversations about what you're going through as an entrepreneur.

Come eavesdrop on our conversations-it'll be like joining us at the kitchen table after working a full day in your business.

About your hosts

Susan Terzakis

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5 Things to Know About Susan:


1. I traveled the continental U.S. playing hornline with the famed 27th Lancers drum and bugle corps.

2. As a family we’ve lived coast to coast, moving over 12 times!

3. Born and raised in historic Salem, Massachusetts, while working in our family restaurant, I was able to meet people visiting from all over the world and learned about their cultures and perspectives.

4. While working in the United States Senate as a staffer, I went to every city, village, town, and incorporation in New Hampshire. Every single one! I listened and learned about micro small businesses in our state.

5. I've taken four $100k businesses to over $2 million in annual sales, and I've helped lifestyle brands create revenue that gives them the freedom to spend quality time doing what matters most to them.

Jessica Terzakis

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1. I won the Alfred Ernest Richards award for promising potential in literature and teaching, which started my 15-year career in teaching, curriculum design, and storytelling.
2. My favorite drink is tequila on the rocks. It's a definite conversation starter.
3. I love adrenaline. Whether it's roller coasters, speaking in front of an auditorium full of people, or getting on camera, that rush of energy makes me unstoppable at work.
4. I know how to captivate a room and sell from the stage, and I can help you see yourself doing something bigger than you ever thought you could.
5. At a recent event, one of my clients sold over a million dollars based on the curriculum we built together, and I can help you do the same!