Right now is a great time to add talented staff members (at a discount). Due to no fault of there own… there are many talented people who are looking for work right now. They just might have the skills your small business needs to grow.
To borrow from real estate “it’s a buyers market” if you need talented individuals. This means that you can be more profitable and maybe grow even faster than you would normally.
Obviously, you should make sure that you have sufficient resources allocated for the expanded staffing budget. Being conservative is smart just don’t starve your company if you need more manpower.
If you’re able to pull the trigger now there is a good chance that these people will stick with you when the rest of the economy picks back up (even if they’re offered higher salaries somewhere else). People remember who treats them well in the bad times.
So go hire that MBA that you’ve had your eyes on… and see what happens. After all, it’s the small business owners who are the engines of job growth.
