 Here's how to know when to hire your first team member. As soon as you have enough cash to do it. Think about this, if you made $5,000 a month and then you hired someone to replace you for $5,000 a month, you might think, I'm breaking even, I just gave away all my profit. But you as an entrepreneur know how to do the things that bring in money in the business. Now you're spending 100% of your time on what's called revenue-generating activities. And once you do this, you might find that the next month you spent $5,000 on your employee, but you made $15,000. And the next month you made $30,000 because now you have the time and the mind-share to scale. Meanwhile, the self-employed person who didn't wanna pay $5,000 to replace themselves, they're still making $5,000 a month profit. At this point, you're at $25,000, $30,000, $50,000 a month in profit. If you're gonna learn how to be the CEO, not self-employed, click through. Subscribe for more tips like this.