Many e-commerce founders struggle because of how they approach hiring.
Through my conversations with countless e-commerce founders (at various stages each week), I've noticed several
Before you make any hiring (or firing) decisions, I strongly recommend asking yourself these three questions:
eCommerce success is built on consistent improvement on all these Focus Areas
If you are just starting out, which of the above focus areas align with your previous experience and expertise?
If you have been in the business for a while, which areas could you develop expertise in that would create the highest impact at your current business stage?
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What does your business need at its current stage? - Which of these needs can you realistically fulfill based on your experience, expertise, and time availability? = What you need to hire for
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Working seven days a week for ten to fourteen hours daily isn't feasible for everyone. This is especially true if you're managing other business channels—like wholesale, retail, or marketplaces—or prioritizing important aspects of life such as health, family, or personal well-being.
Assuming your understanding of eCommerce Finance Basics is solid, how much OPEX can you actually afford based on your current P&L?
Let's say you operate lean and your OPEX is 10% of your revenue.
Then you have an OPEX budget of
Hiring looks very different for those two budgets.
Your access to cash and capital also determines your budget for operating expenses.