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53: Hiring a Profitable Team | Defining Roles, Attracting Top Talent, and Training Them Effectively

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In the fourth and final part of my profitability series, I’m sharing some of my best tips on how to hire a team that is actually profitable. No matter what your experience has been with teams in the past, I promise you there is so much value in outsourcing strategic tasks in your business and attracting the right people for the right roles. Be sure to check out parts 1-3 in my profitability series, linked below!

Are you ready to pay yourself a 6-figure salary and build a 7-figure wealth portfolio? My Millionaire CEO Incubator program empowers six-figure entrepreneurs to get off the cash flow hamster wheel and start making wealth-building investments in business and in life. Visit Millionaire CEO Incubator to apply for my signature 6 month profit coaching and wealth-building program!

Check out the full profitability series!

In this episode, you’ll learn:

  • 0:00 Why teams are the capstone of profitability (when done right)

  • 5:41 The crucial elements of a profitable team

  • 7:10 How to identify the roles you need to hire

  • 16:25 Effective ways to find the right people for your team

  • 20:30 How to know how much you can afford to pay your team

  • 23:25 Training and retention methods to maximize ROI

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I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!

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