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I Stopped Paying Myself to Grow the Business (Here’s What Happened)
Manage episode 520202003 series 3333234
The Scariest Decision in Business: Do You Hire Before You’re Ready?
This episode is an honest look into a tension every entrepreneur eventually faces: when your business is growing but not quite enough to comfortably make your next hire. I’m in that exact season right now debating whether to keep profits tucked away “just in case,” or reinvest everything back into the team so the company can reach its next level.
Inside today’s episode, I break down:
✅ The fear of reinvesting when the profit cushion isn’t huge
✅ How to decide who your next hire should be
✅ Why keeping money in the bank can actually slow your growth
✅ The difference between protecting stability vs. enabling expansion
✅ How to think like the future version of your business not the current one
You’ll hear my real-time thought process about adding a marketing-focused team member (or two… or three), what that would mean financially, and why I’m choosing to double down even when it feels uncomfortable.
If you’re wrestling with your own “should I hire?” moment, this episode will help you zoom out, see the bigger picture, and make decisions based on where you’re going not where you’re standing today.
🌐 Learn more about what I do at: https://www.refinedva.com/
🎙️ Audio Podcast : https://www.buzzsprout.com/admin/1964444/dashboard
Let’s stay connected across all platforms:
Instagram | https://www.instagram.com/iamphilipsessions/?hl=en
TikTok | https://www.tiktok.com/@philipsessions
Linkedin | https://www.linkedin.com/in/philip-sessions-b2986563/
Facebook | https://www.facebook.com/therealphilipsessions
Youtube | https://www.youtube.com/user/philipsessions
306 episodes
Manage episode 520202003 series 3333234
The Scariest Decision in Business: Do You Hire Before You’re Ready?
This episode is an honest look into a tension every entrepreneur eventually faces: when your business is growing but not quite enough to comfortably make your next hire. I’m in that exact season right now debating whether to keep profits tucked away “just in case,” or reinvest everything back into the team so the company can reach its next level.
Inside today’s episode, I break down:
✅ The fear of reinvesting when the profit cushion isn’t huge
✅ How to decide who your next hire should be
✅ Why keeping money in the bank can actually slow your growth
✅ The difference between protecting stability vs. enabling expansion
✅ How to think like the future version of your business not the current one
You’ll hear my real-time thought process about adding a marketing-focused team member (or two… or three), what that would mean financially, and why I’m choosing to double down even when it feels uncomfortable.
If you’re wrestling with your own “should I hire?” moment, this episode will help you zoom out, see the bigger picture, and make decisions based on where you’re going not where you’re standing today.
🌐 Learn more about what I do at: https://www.refinedva.com/
🎙️ Audio Podcast : https://www.buzzsprout.com/admin/1964444/dashboard
Let’s stay connected across all platforms:
Instagram | https://www.instagram.com/iamphilipsessions/?hl=en
TikTok | https://www.tiktok.com/@philipsessions
Linkedin | https://www.linkedin.com/in/philip-sessions-b2986563/
Facebook | https://www.facebook.com/therealphilipsessions
Youtube | https://www.youtube.com/user/philipsessions
306 episodes
All episodes
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