Name
When to Hire, Why Not to Hire, and How to Keep the Firm Profitable
Date & Time
Wednesday, October 7, 2026, 2:10 PM - 3:00 PM
Ned Daze
Description
Most practices hire too early, often driven by emotion, mispriced work, or inefficient systems that create the appearance of busyness. Hiring decisions should be carefully considered and based on the desired long-term trajectory of the practice not panic or gut instinct. With today’s technology and contract labor options, firms do not have to risk scaling an unprofitable model. This session will review the basic numbers and practical considerations for determining when hiring is the right move for specific tasks. Topics will include: 1. A viable minimum revenue target and why it should not be the primary driver. 2. Pricing problems, how they create “busyness,” and why they become more complicated after hiring. 3. The emotional appeal of headcount and why it can be risky. 4. How easy it is to scale an unprofitable practice. 5. What a hire actually costs compared with alternatives, such as raising rates, declining the bottom 20% of cases, contracting out specific functions, or automating painful processes. 6. How to determine reasonable revenue-per-employee targets and whether a role is truly necessary. 7. How far systems and automation can take you before adding headcount. 8. When hiring early is the right move, and what conditions should be in place before making that bet. 9. How to align hiring decisions with the firm you are actually building, whether it is a high-margin solo practice, growth firm, or lifestyle practice.
Location Name
Virtual