One: Hire Employees

By hiring employees, you can somewhat duplicate your time and effort. Employees do not require ownership in the business, and you usually only need to pay them less than 25 percent of their actual productivity and contribution to your business volume.

Limitations: When you start a business that relies on employees for creating sales volume, then, in order to grow, you will always need more employees

Often, employees are interested in doing very little in return for their pay, and they are notoriously unreliable and expensive. Some of them are downright hard to get along with. Theft and absenteeism are expensive problems that often come with employees.

The really good employees work hard and learn as much as they can about the business. They become very good managers of your business. But then one day, they become your competitor when they quit, opening their own business right across the street from you.

Moreover, the number of employees that you can hire is also limited. They cost money. They need space, desks and equipment and telephones and tools. They have to be paid regularly, and they ask for raises. They demand all kinds of benefits like health insurances and vacation pay, and the government makes you pay part of their taxes.

If you had more sales volume you could afford more employees, but you need more employees to create more sales volume. It’s a catch22.

What’s your next step for continued growth and survival?

Create width.